Companies that use invoice factoring, which is also called accounts-receivable financing, know that it is a source of immediate cash flow. If you are looking for Tupelo invoice factoring programs, look no further than Scale Funding. We provide same-day funding on the invoices you are ready to send to your customers, eliminating the wait for payment.
There are many advantages to factoring that extend beyond eliminating your cash-flow gap when you partner with the top choice among factoring companies in Tupelo, Scale Funding:
Through our Tupelo accounts-receivable financing lines, we eliminate the red tape of working with your bank by providing you simple financing based on the amount of invoices you send to your customers.
A bank loan or line of credit can take several months for approval. Our invoice financing lines can be funded in as little as three business days. What’s more: when a bank loan has a cap, our Tupelo accounts-receivable financing programs grow as your business grows, to up to $20 million a month.
Tupelo is a city located in the northeastern part of Mississippi. It is known as the city intersected by U.S. highways 78 and 45. The city covers about 51.4 square miles, which makes it the largest in Lee County. It’s also considered the seventh largest city in the state according to the latest census, following Meridian and Biloxi. The city’s estimated population is 34,546 and is famously known for being the birthplace of rock and roll legend Elvis Presley. Natchez Trace also runs through Tupelo. Tupelo also used to be one of the poorest counties in the 1940s, but today its economy is thriving, with booming tourism sectors and growth in different industries such as manufacturing and retail.
Long before European colonization, indigenous people known as the Chickasaw and Choctaw occupied the lands in the American South. In 1541, a Spanish explorer named Hernando de Soto entered the area. The Chickasaws fought for their territory and for two hundred years resisted European advances, making Tupelo a battleground at several times in the past. Two battles occurred on May 26, 1736, one of which was called the Battle of Ackia. A Chickasaw village and fort site are protected and preserved on the Natchez Trace.
The Natchez Trace is a historical site. Early inhabitants of the Ohio and Cumberland valleys traveled along this area on their way home after sending their goods down the Mississippi River to New Orleans.
During the early 19th century, U.S. settlers made an effort to colonize the land. The Indian Removal Act was passed in 1830, which mandated the relocation of Southeast American settlers. Tupelo also used to be called Gum Pond by European-American settlers because of the the countless tupelo, or black gum trees. Every year, the city celebrates the Gumtree Arts Festival.
On June 10, 1864, the battle of Brices Cross Roads took place and between July 14 and 15 of the same year, the Battle of Tupelo occurred. These battle sites are preserved and maintained by the National Park Service.
Just up the north of Tupelo, you can actually find gravestones of thirteen unknown Confederate soldiers. The rest of the soldiers during the war are buried in cemeteries throughout the area.
The city used to serve as a transportation hub, but it is now famously known by tourists and locals because of the Natchez Trace and the birthplace of Elvis Presley. It’s also known for many other things, such as having the largest non-metropolitan hospital in the country. In 2006 and 2012, the institution won the Malcolm Bridge National Quality Award. It is also home to two banking companies, namely: BancorpSouth and Renasant, both with billions in assets. It also has a large manufacturing company that supports 22,000 jobs and produces two billion dollars in goods annually. Numerous companies such as Tecumseh, Magnolia Fabrics and MTD Products have their headquarters in Tupelo.
The local schools make use of a MacBook distribution policy, in which students that are in the sixth to twelfth grade are given their own MacBook that is owned by the school and used for the school year.
A city that’s rich in history, Tupelo doesn’t come short in the areas of arts and culture. It is the headquarters of the historic Natchez Trace Parkway. The Pharr Mounds, an archaeological site with about 2000 burial earthworks that date about from one to 200 A.D., are also found in the area. It also has a famous museum called the Tupelo Automobile Museum, which showcases more than 150 rare automobiles. The museum began when founder, Frank Spain, acquired an antique vehicle in 1974.
In terms of theater, the Tupelo Community Theatre has produced more than 200 plays. They also have their own orchestra, known as the Tupelo Symphony Orchestra, which hosts a free outdoor concert every 4th of July. In 2005, a statue was erected in honor of the leader of the Chickasaw people, Chief Piomingo. The statue was sponsored by the Rotary Club.
One of the many attractions around the city is Elvis’ birthplace. Tupelo is where Elvis Presley “The King” started his career. You can book a tour of Elvis’ two-room childhood home. You will also be able to join a memorial walk that shows you a milestone of his life in Tupelo and visit his childhood church where you can immerse yourself in the same service like the ones in the 1940s.