Since 1994 Scale Funding has provided top invoice factoring solutions to small and midsize companies throughout the state of Minnesota.
With years of experience working with a variety of industries, we have a strong understanding of the many obstacles businesses face.
A common concern shared amongst businesses is having to wait for 30, 60, or even 90 days on customer payment. These extended payment cycles can weigh heavily on a company’s cash flow needs. As a result, it easy to fall behind on covering expenses such as meeting payroll, paying bills, and purchasing equipment and supplies.
Therefore, many companies throughout Minnesota turn to invoice factoring.
Invoice factoring is an alternative to traditional bank financing. Instead of getting a loan or line of credit, businesses with customers that pay on extended terms, sell their invoices to a factoring company, and receive an immediate cash advance. This simple transaction provides money that is used as needed.Learn More
There are many benefits in choosing Scale Funding as your Minnesota factoring company including:
When your company is growing and expanding, you need a steady cash flow to invest in new equipment, resources, and employees. With our invoice factoring programs, your working capital grows as your company grows.
The bank sets a credit limit for your company, and once you hit that max, it’s hard to obtain more to fund your business. Companies with maxed-out lines of credit work with Scale Funding over other Minnesota factoring companies because we don’t limit your growth. The more business you do, the more capital we provide you.
It’s difficult to budget your cash when you have slow-paying customers and the uncertainty of not knowing when you will get paid. Work with Scale Funding and eliminate the wait from your slow-paying customers by getting paid on your invoices within 24 hours.
It can be challenging for start-ups to obtain a business loan or line of credit. Even if they do, many times the credit limit isn’t large enough to meet daily operational needs. With accounts receivable factoring, the amount of capital is in direct correlation with the business your company is doing.
When the bank says “no,” we say “yes.” Even if you’ve been turned down by a bank, there is still a finance solution for you. Accounts receivable factoring gives you the working capital you need – even when the bank says “no.”
If you have less-than-perfect credit and the bank won’t provide you with a sufficient amount of working capital, our Minnesota accounts receivable factoring programs are your solution. We look at the credit of your customers rather than your credit.
When a company has a tax lien, it’s nearly impossible to get funding from a bank. Scale Funding offers creative finance solutions so that tax liens aren’t an issue when it comes to getting your company the cash it needs.
Banks pull away from companies if they see the risk getting too high. When this happens, your company doesn’t have access to the capital it had previously. We work with many companies in work-out situations and provide them with the capital needed to maintain their business functions.
Being in a bankruptcy reorganization situation is tough for any company – especially when you’re not receiving the capital you need to get back on track. Scale Funding can provide funding to companies in these situations, with the approval of the Court.
Grow your business with creative finance solutions like Scale Funding’s accounts receivable financing programs. Call (800) 707-4845 to learn more.
Minnesota is commonly referred to as the “Land of 10,000 Lakes.” However, the state has closer to 12,000 lakes. Some of the larger lakes include Red Lake, Mille Lacs Lake, Leech Lake, Lake Winnibigoshish, Lake Vermillion, and Lake Minnetonka. The Minnesota River and Mississippi River also flow through the state. Fishing is a common recreational activity with lakes and rivers being predominant throughout.
Located in the Midwest region of the United States and boarding Canada, Minnesota has a prevalent four-seasoned climate with cold winters and hot summers. The state has three main zones including wooded lake regions, prairie lands, and transition zones. This allows a healthy wildlife population of black bears, moose, gophers, and timber wolves. Outside of Alaska, Minnesota holds the largest population of Timberwolves in the United States. The state is also home to a large number of birds, including the state bird, the common loon.
Founded in 1858, Minnesota is named after the Dakota-Sioux Indian word “mnisota” which means “sky-tinted water.” They used this term when referring to the Minnesota River. Its early industries were logging and farming.
UnitedHealth, Target, CHS, 3M, and General Mills are just a few of the Fortune 500 companies that call Minnesota their home. Some of the top employers in the state include recognizable names such as the Mayo Clinic, Target, and Alina Health System.
Scale Funding is proud to have its headquarters located in Burnsville, Minnesota.
The economy is rich in natural resources, with 75 percent of the nation’s iron ore coming from Minnesota. The state also has several factories that produce items such as nonelectrical machinery, fabricated metals, flour-mill products, plastics, and more. Minnesota farms rank high in yields of corn, wheat, rye, alfalfa, and sugar beets. The city of Minneapolis acts as the trade center for the Midwest.
Minnesota has 200 colleges and universities. The Twin Cities University of Minnesota campus is the fourth-largest American campus by enrollment size. Other prominent universities include Minnesota State University, Mankato, St. Cloud State University, and the University of St. Thomas.
Some familiar names native to the state include Bob Dylan, Francis Scott Fitzgerald, Garrison Keillor, Sinclair Lewis, Jesse Ventura, Judy Garland, Charles Shulz, John Madden, Prince, and Winona Ryder.