Small and mid-size businesses often struggle to build consistent cash flow. A Peoria factoring company such as Scale Funding offers invoice factoring to businesses in need of stronger cash flow.
Invoice factoring, also known as accounts receivable financing, is a common financing option used by companies in need of cash. The process works by selling your open receivables to a factoring company in exchange for an immediate cash advance. Instead of going through the lengthy process of applying for a business loan or business line of credit, many businesses use factoring because they can get approved and funded quickly.
While there are several financing and factoring companies in Peoria and Illinois, Scale Funding offers many additional benefits over others.
Invoice factoring is an excellent source of financing for businesses that are unable or ineligible to get traditional bank financing. Banks have strict lending guidelines and lengthy application processes. It can take weeks or months to apply for and receive an approval for a bank loan.
The application and approval process for invoice factoring is much faster. With Scale Funding, a factoring quote and approval will take only a few minutes. Once approved, we can set up your account and get you funded in a matter of days.
Businesses in a variety of situations use invoice factoring to build stronger cash flow. Start-up companies, those with customers who pay on extended terms, businesses with tax or credit issues, and rapidly growing companies all benefit from the cash flow factoring provides.
Many B2B industries use Peoria accounts receivable financing programs, as they are a quick way to obtain working capital without adding additional debt. Some of the industries we’ve funded over the past 20-plus years include:
One of the reasons companies choose our Peoria invoice factoring programs over others is because we’re able to customize each program to fit the needs of each business. Not only do we offer month-to-month contracts, but our funding options range from $50,000 to $20 million, giving plenty of room for growth.
Since we’re not a bank, we can offer more flexibility when banks cannot. Even if your credit is maxed out or less-than-perfect, we can help. Our Peoria factoring company programs are more dependent on your customers’ creditworthiness than that of your business.
Let us help speed up your cash flow and eliminate the wait on slow-paying customers so you can focus on running and growing your business. For a free, no-obligation factoring quote and approval, call 800-707-4845.
In 2010, Peoria was the 7th most populous city outside of the Chicago MSA according to the 2010 census. Peoria is situated in Peoria County and is the largest city on the Illinois River. The population of Peoria at that time was 118,943. The town is named after the Peoria tribe and is the oldest European settlement in Illinois. Peoria is the principal city in the county and is the county’s seat.
Peoria was founded in 1691 by a French explorer called Henri de Ponti. Various Europeans amongst them Ponti, René-Robert Cavalier and Sieur de La Salle, settled there in 1680 and built Fort Crevecoeur. The fort later went up in flames, and it wasn’t until 1813 that another one called Fort Clark was built. This fort was renamed Peoria in 1825.
In 1835, Peoria was established as a village under a village president named Rudolphus Rouse. He served the city from 1835 to 1836. The city appointed its first chief of police, John B. Linsk, in 1837. Then in 1845 on the 21st day of April, the city of Peoria was incorporated with a mayor known as William Hale.
The city has a humid continental climate. Peoria’s summers are hot and humid, and the winters are snowy and cold. The temperatures fall in the range of 22.5°F to 75.2°F. The city receives a lot of snow in the winter; up to 26.3 inches of it on average. However, the amount is not constant. It has been known to go up to 36 inches. The temperatures are also known to go to extremes with the coldest recorded temperature being -27°F and the highest 113°F in January 1884 and July 1936 respectively.
The view from East Peoria across the Illinois River is spectacular. It brings to the viewer’s vision the Twin Towers and the former headquarters of Caterpillar. Additionally, the Associated Bank Building is also in this picture.
Downtown Peoria, the following facilities can be accessed:
The district also hosts medical and government facilities as well as office buildings and warehouses which have been converted into living quarters. The city has a United States courthouse and the grand Grandview drive which gives you access to Peoria Heights as you drive through the city. The Northern Regional Research Lab which in which mass production penicillin began is in Peoria.
There is a lot of cultural activity to see and experience in Peoria. Museums include:
The last one is a recent addition to the museums in the area. It is housed in a new museum square which opened its doors to the public on October 12, 2012. The square also houses a planetarium and the Caterpillar World Vistors Center.
An annual art fair is hosted and produced by the Peoria Art Guilds. This fair is very important and is rated amongst the best 100 art fairs in the country. Art enthusiasts would want to be around for this one.
Glen Oak Park is home to a few cultural Institutions. There is a zoo (Peoria Zoo) that features many African safari items as well as the Luthy Garden which is a 5-acre project that features facilities like a conservatory and theme gardens.
Children have the time of their lives at The Peoria Playhouse Children’s Museum which was made accessible to the public in 2015. It is located in the Glen Oak Pavilion.
Other facilities include:
Lovers of classical music who hope to visit Peoria will be pleased to know about the Peoria Symphony Orchestra which is the 10th oldest in the US. Also, there is the Peoria Area Civic Chorale and the Peoria Municipal Band. There is a lot of live music to be enjoyed here. Also, residents and non-residents alike throng the annual Heart of Illinois Fair to catch the action as concerts, rides, concessions, and even Livestock competitions take pride of place.
Peoria’s history dates back to the 1680s and historians would find a wealth of information here not only about the early settlers, but also the lives of the people who came after and the establishment of the rule of law in the area. Aside from this, the city is excellent for the world famous activities and the cultural attractions.