Invoice factoring, also known as accounts receivable financing, is a quick way to obtain the cash that is tied up in your receivables. The process works by selling your invoices to a factoring company, at a discount, in exchange for immediate cash. It eliminates your cash-flow gap caused by slow-paying customers.
While there are many factoring companies in Jackson and Mississippi, Scale Funding offers many benefits with its invoice factoring programs.
Since 1994, Scale Funding has provided a funding solution to companies in a variety of situations. If you can relate to one or more of the following, we can provide you with the quick cash you need to operate and grow.
|Slow-Paying Customers||Instead of waiting on customer payment, get paid same-day with our Jackson accounts-receivable financing programs.|
|Expansion & Growth||Companies that are growing rapidly use factoring to get cash to fund their growing operations.|
|Credit Issues||We work with companies with maxed-out credit and less-than-perfect credit as our Jackson invoice factoring programs are not dependent on your credit.|
|Start-Ups||We’ve helped start-ups grow through our financing programs as we give them the working capital needed to accept more contracts.|
|Bank Turn-Downs & Workouts||Even when the bank can’t provide funding, we can.|
|Bankruptcy||Companies that have filed for Chapter 11 bankruptcy use our debtor-in-possession financing programs to get back to financial freedom.|
|Tax Liens||Our custom programs are able to fund those even with tax liens.|
If you’re business is waiting to get paid from other businesses, you can benefit from our Jackson invoice factoring programs. We’re able to fund many different industries including:
Because of our more than 20 years of experience in several industries, we’re your top choice among factoring companies in Jackson and Mississippi.
Jackson is the most populated city in Mississippi followed by Gulfport and Hattiesburg. Jackson also serves as the capital city of Mississippi. According to the latest estimate by the U.S. Census bureau in 2015, Jackson’s city population was around 171,000 which is down approximately 2,900 from the 2010 census. Jackson is part of the larger, five county-wide, Jackson metro area which had an estimated population above 539,000 in 2015.
Jackson has a very diverse economy, even though it is manufacturing focused, that includes agriculture, government, construction, automotive, healthcare, banking and retail. Mississippi has no Fortune 500 company headquarter offices, however there is much Fortune 500 activity in the state. The Greater Jackson Alliance of Mississippi reports five Fortune 500 companies that manufacture in Jackson – Commercial Metals Company, Eaton Corporation (automotive parts), Genuine Parts Company (automotive parts), Old Castle Materials Group (paving), and United States Steel Corporation.
You guessed it – manufacturing is one of the biggest industry sectors in Jackson. With over 500 manufacturers in the area, Jackson has no shortage of need for skilled laborers to man the numerous facilities. These facilities produce items from automobiles and automotive parts to metals and electrical equipment as well as food, apparel, wood, furniture, rubber and plastic products, and various other tools and materials. In 2003, the automotive hold widened with the addition of Nissan Motor Company’s $930 million automotive plant.
Agriculture is the largest industry sector in Mississippi and also one of the biggest in Jackson. There are thousands of farms in the Jackson area that produce poultry and eggs, timber, soybeans, beef, corn, cotton, catfish, rice, various vegetables and fruits, hay and pork products, just to name a few.
Government is another giant sector in Jackson and employs over 42,000. This includes Federal, State, and Local government offices ranging from legislative, judicial, and administrative in nature.
Another large industry is health care, with the University of Mississippi Medical Center leading the state and located in Jackson. The medical center and health science center employs over 8,000 medical professionals as well as professors and administrators. Students have the option of medicine, dentistry, nursing, health related professions, pharmacy and graduate studies. Graduates supply Jackson and the rest of the State with most of its medical professionals. Other big healthcare employers in Jackson include Baptist Health Systems, St. Dominic and Mississippi State Hospital.
Present-day Jackson was once a land inhabited by the Choctaw Nation, a collection of indigenous peoples brought together by the common language of Muskogean. In 1820, the United States obtained some land of the Jackson area from the Choctaw under the terms of the Treaty of Doak’s Stand. European settlers immediately began to migrate to the area, so many that they filled the U.S. owned land and tested the boundaries of the still Choctaw-owned border lands. The historic Natchez Trace trade route, created by Native Americans, was the beginning of a trading post and connected the area to Tennessee. Soldiers built the first known public road which led to Lake Pontchartrain in Louisiana.
The Mississippi General Assembly decided to nominate the area for the state’s capital city in 1821 because of its mostly central location, supply of water and timber, and proximity to the Natchez Trace. The city was also given the name of Jackson, after General Andrew Jackson and his success in the Battle of New Orleans during the War of 1812.
More in-depth planning of the city took place in 1822 with a pattern of alternating parks and open spaces with city blocks. Much of the park and open space land was eventually developed into more business space instead. Commercial and residential construction continued as well as more roads which connected the city to Vicksburg and Clinton. By 1830, most of the Choctaw Indians agreed to relinquish all their lands east of the Mississippi River and relocated to the area of present-day Oklahoma. Many treaties facilitated the process including the Treaty of Dancing Rabbit Creek, which allowed some of the Choctaws to stay on their homeland. They became United States citizens at the same time as well.
Railroads were built beginning in the early 1840s which linked the city to Vicksburg, Raymond, and Brandon. Because the other major Mississippi cities were located along the Mississippi River, they grew much faster than Jackson and it wasn’t until the railroads were added that Jackson began to compete with the others. Demand for supplies for the Civil War was the start of the manufacturing industry in Jackson. Union invasions to the city in 1863 caused the economy to digress because of a looting and burning of main facilities including a manufacturing plant and railroad center. The city was overrun by the Union, then taken back by the Confederates, and this continued throughout the war. At one point the city was completely burned down by the Union and thus very few original buildings survived.
During the reconstruction of the state, it voted to secede from the Union which made it the second state to do so. Racism began, radical paramilitary forces were created, and much legislative disagreement was had during this time. On the economy front, transportation was a small spark to recovery with mule-drawn streetcars and eventually electric cars in 1899. Significant growth in the early 1910s changed the city’s skyline with a new downtown collection of high-rises. Union Station was added downtown as well which operated multiple rail lines. More African Americans moved into the city from rural areas for the abundance of industrial job openings.
The city of Jackson continued to experience ebbs and flows following multiple wars, the discovery of oil and natural gas, the Great Depression, and the Civil Rights Movement. Cultures such as the Choctaw Indians and African Americans contributed to the emerging art scene and area museums. Education and healthcare became known with the University of Mississippi and its health science center. Advancements in technology allowed for the music industry to take root with recording studios as well as telecommunications companies and eventually banking.
The Jackson area is home to more than 15 colleges, universities, and higher education institutions. The most prominent include the University of Mississippi and its health science campus, Mississippi College School of Law and Hinds Community College.
Media and Performing Arts
Many movies have been filmed in Jackson such as The Help, Get On Up, and Speech & Debate. Ballet is a large part of the performing arts offered in the city with the USA International Ballet Competition founded in 1978. The city has since hosted the International Ballet Competition over ten times and in 1982 was named the home of the USA International Ballet Competition.
Festivals and Museums
With a diverse cultural background comes a melting pot of festivals to represent each unique set of traditions. Some of the biggest festivals include CelticFest Mississippi, Festival Latino, and Jackson Rhythm & Blues Festival. Jackson is home to more than 25 museums and historic sites that attract many visitors every year and some even date back to the original founding of the city.
Jackson was once home to various professional baseball, basketball, hockey, soccer, and football teams even though they have all since disbanded. There are currently four minor league teams – Mississippi Braves (baseball), Mississippi Brilla (soccer), Jackson Rugby Football Club (rugby) and the Mississippi Maddogs (football).
Many notable people have called Jackson home including founder of MTV Robert Pittman, director John Fortenberry, inventor of Pine-Sol Harry Cole, and Pulitzer Prize-winning novelist Richard Ford.