When your business is in need of fast financing, look no further than the top factoring company in Berwyn and Illinois, Scale Funding. Invoice factoring, which is also commonly called accounts-receivable financing or receivables financing, is when a business sells its invoices to a factoring company in exchange for an advance on the invoice amount. The factoring company waits 30 to 90 days for payment, eliminating the cash-flow gap.
When you choose our Berwyn invoice factoring lines, not only do you receive the advantage of instant cash on your invoices, but you also gain access to a number of value-added benefits that strengthen your company as a whole. Take a look at some of the benefits of factoring with Scale Funding, your top choice among factoring companies in Berwyn:
With experience spanning more than two decades, the Berwyn accounts-receivable financing programs at Scale Funding are second to none when it comes to understanding the needs of your industry. What’s more, we know the common invoicing practices and major players in your industry, which means we help businesses to perfect their invoicing and strengthen their customer relationships.
If your B2B company is in need of financing that is simple, contact Scale Funding, where our experiences makes the difference when it comes to getting paid on your invoices. Take a look at some of the industries we have worked in:
No matter if your business has been around for years, is just getting going or is working through a slow market, Scale Funding is your trusted partner for business financing. Take a look at a few of the typical business scenarios that describe why companies choose our Berwyn business financing.
We offer month-to-month programs for businesses that have fluctuating revenue so that their needs are met, from $50K to $20MM a month. If you are dealing with industry swings,this is a flexible form of business financing for you.
We fund businesses that cannot get a loan or a line of through a bank. We base our ability to fund you on the creditworthiness of your customer, meaning that we are able to fund companies that have maxed-out credit or have struggled financially in the past. Plus, when a bank takes weeks, or even months, to get you the funding you need, Scale Funding can get you funded in as little as three days.
At Scale Funding, we eliminate the gap created between the time you invoice and the weeks it takes for payment. Let us handle following up with the AP department with your customers, giving you time and resources to be put into other business initiatives.
Many businesses use invoice factoring as a way to prepare for upcoming growth. Has your business won a lucrative contract? You need to assess if you have enough equipment, staff and other resources to meet those demands. Instead of waiting for a bank approval, get immediate funding on your invoices and put the cash to use.
Conveniently located on the western side of Chicago’s loop, Berwyn is a beautiful suburban city in Cook County. The city’s population is just under 57,000 according to the 2010 census.
The development of Berwyn began in the year 1856 when Thomas Baldwin bought 350 acres of land and sub-divided it into 10-acre lots. One of the subdivisions was called as ‘LaVergne’, which became a community for the affluent. Baldwin invested heavily in building the community by building roads and importing pine, maple, cedar and poplar trees. To further encourage people to move to LaVergne, he sold an 80-foot strip of property to the railroad of Burlington and Quincy. In 1862, the railroad came into existence and in the 1870s, the people of LaVergne constructed their first station.
However, the growth of the subdivision came to a halt when Baldwin died in 1876. His daughter took over the complete estate and sold it to Marshall Field, a realtor, in 1879. There was no looking back; by 1880, 12 new homes were constructed in LaVergne.
However, in 1890, two attorneys, Piper and Andrews, purchased a significant chunk (106 acres) of plot from the realtor group. Both of them wanted to build a railway station so that trains could stop regularly in their development. The railway station was known as Berwyn, and by 1901 all settlements in the area were referred to as Berwyn.
In 1902, it was incorporated as a village, and it was only in 1908 that the status of the city was given to Berwyn. In 1910, the population of Berwyn was just 5,841. During that time, Berwyn was among the fastest-growing cities and many new homes were built. Bungalows rose in huge numbers as the population increased from 14,150 in 1920 to 47,027 in 1930, growing by approximately 222 percent in those 10 years.
The growth of Berwyn was stagnant during the Great Depression, but after World War II, the second construction boom hit the city. The population has declined because the residents grew old and their children moved away from Berwyn. Even today, Berwyn has the most stylish and houses significant collection of Chicago-based bungalows in the nation.
Berwyn continues to be a stable, diverse and safe community.
American State Bank was the landmark achievement for the economic development of Berwyn. It was the brain child of Frank Topinka in 1925, and was known as Twenty-Second Street Bank. The bank was the reason for the rapid development of the city from 1921 to 1928. More than $2 million in loans were financed by the bank. However, due to the Wall Street Crash of 1929, the bank merged with the Ridgeland State Bank. Economic development of the city suffered a major setback in 1937, when due to the Great Depression there was no functional bank in town.
MacNeal Hospital is the largest employer in the city and employs more than 2,200, followed by J. Sterling Morton High School District 201. The unemployment rate in January 2010 was 13.6 percent , which had reduced to 5.7 percent by December 2016.
The park spreads over 135 acres of land and is located near the Austin neighborhood. It was built in 1920 by Jens Jackson and in 2003 was conferred the status of National Historic Landmark. It is a multi-faceted park with facilities like a fishing lagoon, swimming pool, soccer and baseball fields along with a gymnasium and jogging path. It is a serene location and displays some of the best architecture in the city.
Theodore Stone Forest Preserve
The all-important forest reserve features two restored prairies. It houses a rare dolomite prairie in the eastern side and a tallgrass prairie on the western side. It’s the best place for nature-lovers to visit and people who want to explore the rich flora and fauna of the city.
One of the earliest tourist attractions was Spindle, which was a 50-foot spike with eight cars impaled upon it. The structure was built in 1989 and was demolished in 2008 and replaced by a retail store. City-wide efforts were made to restore the spindle, but the efforts were futile.
The city of Berwyn is home to one of the largest laundromats in the United States. The laundromat has over 13,500 square feet of space, with more than 161 washers and 140 dryers. Interestingly, the laundromat has a bird sanctuary, play area for kids and big screen TVs. Also, the laundromat functions on a solar thermal system, which is the largest in the state of Illinois.
Today, Berwyn boasts a growing cultural community consisting of theaters, art councils and entertainment venues. The city is developing at an accelerating rate and has become a worthwhile place for people of varied interest.