Invoice factoring, also known as accounts receivable financing, is a common financing solution from Indiana factoring companies. Instead of waiting 30 days or more for customer payment, invoice factoring eliminates the cash-flow gap by paying you the same day.
Businesses in expansion and growth mode need steady cash flow to invest in new resources such as equipment and employees in order to grow their business.
When you have a maxed-out-line of credit, it’s nearly impossible to obtain more funding from a bank. When you choose accounts receivable factoring with Scale Funding, there are no limits.
If you’re waiting 30 days or more to get paid on your invoices, invoice factoring is a solution to the problem. Scale Funding provides same-day funding on invoices. Cash is deposited directly into your bank account within 24 hours.
When banks so say no, we say yes. Invoice factoring is an alternative to bank loans and lines of credit.
Don’t worry if your credit isn’t perfect. Your Indiana factoring company looks at the credit of your customers rather than yours.
If you have a tax lien, funding from a bank isn’t possible. Scale Funding offers creative finance solutions with our invoice factoring programs so that they’re no longer an issue when it comes to financing your business.
When risk starts getting high, banks tend to pull away from your funding. Scale Funding helps companies in situations like this by providing a steady stream of cash.
If your company is in a post-petition or reorganization and in need of some working capital, accounts receivable financing with Scale Funding provides cash for companies in these types of situations.
Grow your Indiana business with creative financing solutions like invoice factoring. Call (800) 707-4845 to Find Out More.
Indiana has a population of more than 6.6 million people, making it the 16th largest state based on population. The biggest city is its capital, Indianapolis, with more than 800,000 people. Fort Wayne, Evansville, South Bend, and Carmel are among some other top populated cities in Indiana.
Temperatures and soil types in Indiana vary across the state due to the different terrains and Lake Michigan, which borders the north. There are numerous small lakes throughout the state, remnants of Ice Age glaciers. Major rivers include the Ohio, Wabash, White, and Tippecanoe. In the waters of Indiana, you’ll find catfish, pike, bass, and sunfish.
A variety of wildlife inhabits the state including mountain goats, antelope, wild boar, porcupines, leopards, red fox, wolves, and many others. Common birds throughout the state include the black duck, blue heron, bald eagle, field sparrow and the state bird, the cardinal.
Manufacturing is the major industry in Indiana making up most of its income. Items such as steel, automobiles, transportation equipment, rubber, petroleum and factory machinery are made in Indiana.
The northwest part of the state is the largest steel producing area in the United States. Headquartered in Fort Wayne, Steel Dynamics is the fourth largest producer of carbon steel products in the United States.
Following right behind Michigan, Indiana has the second highest automotive gross domestic product. Cummins Inc. is a global leader in the distribution and servicing of engines and related technologies with headquarters in Columbus.
Medical devices and pharmaceuticals are also a dominating industry in Indiana. One of the top global pharmaceuticals, Eli Lilly is headquartered in the state capital of Indianapolis, employing more than 11,000 employees in the state. The company is also known for its charitable contributions.
Indiana means “Land of Indians.” Prior to becoming a state in 1816, Indiana was home to numerous indigenous people and Native Americans. Angel Mounds, located in Evansville, is one of the most well-preserved Native American sites in all of North America.
Even in its early years, manufacturing was a prominent industry. Trading and transportation were also important to the economy.
Some historical people and events associated with the state include:
Indiana residents and visitors enjoy a variety of celebrations, recreational activities, museums, parks and more. Because of the lakes, rivers and diverse terrain throughout the state, many enjoy canoeing, swimming, nature tours, and wildlife preserves.
Top destinations and celebrations in the state include: