Invoice factoring, also known as accounts receivable financing, is a quick way for businesses to obtain the working capital they need to maintain and grow operations. The process works by selling your invoices to a factoring company at a discount in exchange for quick cash.
Our Newark factoring company programs offer companies the cash they need same-day. Get started with Scale Funding in just three easy steps.
Step 2: Once you’re quickly approved and setup, send your invoices to Scale Funding.
Step 3: The same day that we receive you’re invoices, we’ll deposit up a competitive advance directly into your bank account giving you the money you need to operate and grow.
Once your customer pays the invoice in 30 to 90-plus days later, we’ll remit the remaining balance back to you, minus a nominal fee for our services.
While there are several factoring companies in Newark and the surrounding areas, Scale Funding provides funding to companies in many situations.
If you can answer “yes” to any of the questions below, our invoice factoring programs can provide you with the cash you need.
|Are you waiting to get paid?
|Companies run into a cash-flow crunch when they’re waiting for customer payment. Invoice factoring eliminates this gap by paying you same-day.
|Were you turned down by a bank?
|When the bank is unable to provide a business with cash or pulls back the cash it once depended on, we can help. Since 1994, we’ve worked with companies with less-than-perfect credit, maxed-credit, bankruptcies and tax issues.
|Are you growing?
|If you’re turning down work because you have cash stuck in your receivables, turn to Scale Funding. We’ll give you immediate access to the cash you need to grow.
|Are you start-up?
|Companies invest almost all, and sometimes all, of their funds into starting-up their business. When you need capital to get the work done and get off the ground running, contact Scale Funding about our Newark accounts-receivable financing programs.
|Do you need access to quick cash?
|Our quick, 15 minute approval process and same-day funding gives companies the access to cash they need.
As long as you invoice other businesses on net terms, we’re able to get you the cash you need. For more than 22 years, we’ve worked with many industries including:
The city has two nicknames: The Brick City and The Gateway City. The first one is because of the high-rise housing buildings that were made of brick and concrete that were so numerous during the city’s past. The second one has to do with four imposing commercial structures just west of Newark Penn Station.
Founded in 1666 by Puritans and intended to be a religious site, the city got its name from a town in England called Newark-on-Trent. The city’s name itself can be traced to religious beliefs. It can mean the New Ark or the New Work. In 1798, it was one of New Jersey’s towns and on April 11, 1836, it became a city. In 1826, the population was just over 8000. By the end of the century, it was 246,000.
During the early 19th century, improvements on the manufacture of leather were the reason that Newark first became an exciting city, economically. Seth Boyden patented a way of producing leather and manufactured it from Newark, even if he was originally from Massachusetts. This leather became so popular in the country that it provided so much income to the city and also gave many people so much jobs.
In the same century, the Morris Canal was also built. It was a boom for transportation and it made possible for Newark to reach the New Jersey hinterland and thus access its resources, like iron and its farm produce.
Later, railroads were built in the area. This meant a better means of transportation compared to the ones that can carry passengers through the Morris Canal. This resulted into a shipping business that caused Newark to be the economic center in all of New Jersey.
The plastic called Celluloid was produced in the city in the middle of the 19th century. This plastic was versatile. It can be found in carriages, dentures, piano keys and eye glass frames, among so many others. This invention by John Wesley Hyatt was even enhanced much later for use in movies. It sold well and further bolstered Newark’s already formidable economy. Other scientific breakthroughs in this century include improved arc lamps and the stock ticker by no less than the great Thomas Edison himself.
Later in the 19th century came the Germans who escaped the political turmoil in their country at this time. They brought to Newark their breweries and their newspapers.
Early 20th century saw Newark as a busy city. It was bustling with commerce and entertainment. The department stores alone attracted a lot of visitors. Merchants were so proud of their merchandise. Among the popular stores then were Hahne & Company and Bamberger’s. There were also many theatres, movie houses and nightclubs. Traffic became a problem that the old bed of Morris Canal was turned into a subway, the Newark City Subway. The intersection between Broad and Market streets became known to be the busiest in the country.
After the Depression and World War II, the city experienced some problems. Tax rates were increased. City government budget was cut. There were people criticizing the housing units, citing sanitation issues. The Federal Housing Authority also refused loans or loan extensions to much of the residents of these housing units. Constructions of new highways also displaced a number of people.
Commercial buildings were still built, though. The city government convinced some companies to build buildings. These include those built by Mutual Benefit and prudential. Port Newark was also built after the war. Campuses, like that of Seton Hall and Rutgers-Newark, were expanded.
Despite these efforts, problems persisted. The jobless continued to rise in number. A housing project called Christopher Columbus Homes which were meant to be multi-racial did not solve the housing problem at all. It was eventually torn down in the 1980s because of vacancy.
This economic misfortune turned to unrest which probably led to the much publicized riot in 1967. Newark was nowhere its glory days prior to the war. And was considered one of the worst cities in the US during the 70s.
A renaissance came early in the 90s. Housing was now improved. Prestigious cultural venues like the New Jersey Performing Arts Center were built downtown. Riverfront Stadium was built. The Lincoln Park and the Coast were areas were care for environment was emphasized which made its houses livable.
By the new millennium, Newark regained its reputation as a major city in the country.
Nurses, elementary school teachers, accountants and editors, sales representatives, and high school teachers are the most popular jobs among those with college degrees.
Retail salesperson, cashiers, janitors, secretaries, and office clerks are the most popular among those who do not have college degrees.
The New Jersey Historical Society and Museum lets you relive historic moments of the state.
The Newark Public Library is among the most beautiful libraries in the country. It is located at Rutgers. It houses the most number of books, about jazz, in the world. The jazz great Dizzie Gillespie’s trumpet can be found there, too. That’s the essence of cool.
Cathedral Basilica of the Sacred Heart is a church which will draw awe even from nonbelievers. Its French Gothic Architecture with rose windows, brings you back to glorious Europe—even if you haven’t set foot on the continent yet. Concerts are even staged there and better yet, recordings of these concerts are available.
New Jersey Performing Arts Center has been the venue of performers as diverse as the Vienna Boys’ Choir, Sting, and Jerry Seinfeld. It also features a bar and a cafe.
Branch Brook Park is 360-acres of natural beauty that is good for peaceful recreation and even just peace of mind. It has the most number of cherry trees compared to any park in the US. Wander around and you will walk past a lake or the number of humming streams.
The Military Park doesn’t look as rigid as it sounds. Sure, there are statues of military greats and horses but the sight of them, as great as they are, is not the only attraction there. You can participate in a lot of vigorous activities frequently scheduled there, including Zumba or Yoga classes.