Invoice factoring, also known as accounts receivable financing, speeds up your cash flow by turning your invoices into cash within 24 hours. With our Albuquerque factoring company programs, there is no more waiting for slow-paying customers.
While there are other ways to fund your business such as business loans or lines of credit, invoice factoring offers many benefits when comparing the options.
Albuquerque Invoice Factoring Programs
Business Loans & Lines of Credit
|Quick approval process
|Extensive approval process
|Funding in 1-3 months
|No monthly interest
|Monthly interest paid
|No debt added
|Added company debt
|Eliminates cash-flow gap
|Cash-flow gap is still present
|Dependent on your customers’ creditworthiness
|Dependent on your credit
|Invoices as collateral
|Assets and inventory as collateral
|No limits – funding amount grows as you grow
|Amount available is capped
While there are many factoring companies in Albuquerque and the surrounding areas, Scale Funding offers flexible programs to work with your business needs.
Since our Albuquerque factoring company programs rely on your customers’ credit rather than yours, we can help when you were turned down from a bank because of maxed or less-than-perfect credit.
Scale Funding can aid with your cash flow no matter what business stage or situation you’re in. Contact a financial representative at Scale Funding to get started with our top-rated Albuquerque accounts-receivable financing programs today.
For more than 22 years, we’ve helped many different businesses take control of their cash flow through our Albuquerque invoice factoring programs. Some of the industries our team is experts in include:
|Telecommunication: BTS installation, cell tower maintenance and construction, tower erectors and more
|Trucking & Freight: flatbeds, intermodal transportation, hotshots, heavy hauling, vans and more
|Heavy Construction: welding, crane operators, environmental services, equipment rentals and more
|Oilfield Services: roustabouts, water haulers, frac sand haulers, drilling, testing and more
|Utility & Pipeline: utility locators, pipeline construction, maintenance, rehabilitation and more
|Technology: data migration, network administration, IT solutions, website design and more
|Renewable Energy: wind, water, solar, operations, maintenance, construction and more
|Government Contractors: state, local, federal, security, defense, technology, construction and more
|Staffing Agencies: temporary, permanent, general labor, medial, clerical, administration and more
|Many More: printing services, manufacturing, distribution, wholesale, service providers and more
With almost a million residents, Albuquerque offers an excellent setting in which to live, work and play. Over 300 sunny days per year and 28,000 acres of open space provide endless opportunities for recreation. There are miles of walking and bike trails, plus places to hike, ski, golf, and more. Housing is available in every price range, and the relatively low cost of living means a high quality of life. From horse ranches to urban lofts, you can find all different types of homes and all kinds of people in the city. Most residents have short commutes (under half an hour) and enjoy spending lots of time on recreation and relaxation.
Albuquerque sits at about 5,300 feet above sea level on a semi-arid plateau, making it the highest metropolitan city in the US. The Sandia Mountains, which bound the city to the east, are ideal for skiing, mountain biking, hiking, hang gliding, and other activities. The west side of Albuquerque is scattered with ancient, dormant volcanoes as well as the Petroglyph National Monument. Thanks to green initiatives, Albuquerque boasts air quality that consistently ranks among the best in the country.
In 1540, the first Spanish explorers arrived, and later expeditions brought more settlers. In 1706, a group of colonists chose a spot on the banks of the Rio Grande and established a new city. This spot was ideal for irrigation as well as having a good supply of wood from the various trees growing along the river. This site, at the foot of the mountains, also provided trade with and protection from the Indians in the area. The city was named La Villa de Alburquerque, but the first “r” was dropped over time, giving the word its current spelling.
The early settlers were religious, and the first building to be erected in the city was a small adobe chapel where San Felipe de Neri Church stands today. The church has been remodeled several times, but the original adobe walls remain. The church is central to Old Town, the sentimental and historic heart of Albuquerque, and this area hosts many local cultural events and celebrations today.
Albuquerque is not only the largest city in New Mexico but also its economic center. In fact, the city accounts for more than half of the state’s economic activity. This is partly because of a diverse economic base that consists of government, trade, services, tourism, agriculture, manufacturing, and research. The Rio Grande Valley offers rich farmland that supports a large food industry mainly based on fruit and vegetables. Since its early years, Albuquerque has been a service and transportation center. It’s also home to hundreds of manufacturing firms producing goods such as food products, trailers, electronics, hardware, and tools. General Mills, GE, and Intel are just a few of the major manufacturing firms located here.
After World War II, the Rio Grande Research Corridor sprang up, and now the collection of high-tech industries spends over $4 billion on research and development in the area. The city’s major employers are part of this complex and include Sandia National Laboratories and Kirtland US Air Force Base, along with others.
Medical services and facilities are a vital part of the city’s economy, as is tourism. Several million tourists visit Albuquerque every year, drawn by the abundant sunshine, the Sandia Mountains, and the rich ethnic heritage of the city. Goods produced here include furniture, fabricated structural steel, paints, varnishes, textiles, fertilizers, electronic equipment, scientific instruments, and Native American jewelry.
Commercial shipping is also an important industry in Albuquerque. The Santa Fe Railway and the 46 motor freight carriers benefit the local economy, as 29 of these have local terminals that provide the city with links to the country’s major markets.
Albuquerque’s 300-year history and rich culture make it a unique and educational destination, and it is also home to numerous museums and art galleries. Residents embrace the vibrant diversity as a key element of the city’s productive workforce. Indeed, Albuquerque offers a huge variety of traditional and contemporary art and culture.
The National Hispanic Cultural Center, the New Mexico Philharmonic, and the National Institute of Flamenco enrich the thriving performing arts community, along with the Keshet Dance Company and the Tricklock Theatre Company. The arts here are both locally supported and world-renowned, from the one percent for Art Program to the National Poetry Slam Championship-winning team.
Visitors and residents can find museums across the city, indoors and out. Albuquerque also has one of the oldest public art programs in the US, and this is evident in the statues, paintings, and murals you’ll see all over town. The museums and galleries here display traditional pottery, silver and turquoise jewelry, Spanish colonial embroidery, and other unique works plus exciting contemporary works in a range of expressions and styles.
Many things make Albuquerque beloved by its residents and visitors, from the beautiful weather to the rich history to the low cost of living. But perhaps the best thing about the city is the wide array of recreational activities one can easily enjoy. The temperate climate sets the stage perfectly for outdoor activities, as does proximity to eight major skiing destinations and 17 golf courses.
The Sandia Peak Tramway is the world’s longest tramway. Located in the Sandia Mountains, it offers easy access to the Sandia Peak Ski area as well as stunning views of the countryside. Skiing and snowboarding are highly popular activities in the area. The plentiful sunshine also attracts golfers to the dozens of major golf courses nearby.
Skiing and golfing are only two of the many outdoor activities available in Albuquerque. There are also hundreds of miles of bike paths and thousands of acres of parks. The Sandia Mountain foothills offer the perfect place for a hike. Adventurous outdoor types can enjoy camping, boating, fishing, hunting, and many other recreational activities.
Those in the Albuquerque area also have access to many other destinations in New Mexico, which is geographically the fifth largest state in the US. With so much to see and do in Albuquerque and the surrounding area, it’s easy to understand why so many people have chosen to make this city their home.