Invoice factoring, also referred to as accounts receivable financing, is a funding solution that helps you take back control of your business finances and gives you financial security.
Our Syracuse invoice factoring programs work by selling your receivables to us for same-day cash. We eliminate the cash-flow gap caused by slow-paying customers.
While there are several factoring companies in Syracuse and throughout the United States, Scale Funding offers many benefits, making it your top choice.
Many industries benefit from our Syracuse accounts-receivable financing programs as it gives them the steady cash flow needed to operate and grow. Some of the industries we’ve helped include:
Our Syracuse invoice factoring programs offer companies a fast funding solution to those in need of quick cash. We eliminate the wait on customer payment by paying you the day you’re ready to invoice.
Many choose to work with Scale Funding over other factoring companies in Syracuse and New York because we’re able to provide cash when others can’t. Companies that are going through financial troubles such as bankruptcy, credit issues or tax liens can still get the cash they need through our programs.
Our monthly programs range from $50,000 to $20 million giving start-ups and growing companies the option to use our fast-funding solution.
Get started today with our Syracuse invoice factoring programs and get the cash your business needs to thrive.
Located in Central New York, Syracuse is the fifth most populous city in the state. Syracuse was named after an ancient Greek city in Sicily, which had a similar geographic appearance and was also known for its salt mining industry at the time the city got its name.
The Onondaga tribe had inhabited the area of present-day Syracuse for many years before French explorers arrived in the early 1600s. Europeans were drawn to the region for its brine springs, but the area’s swampy terrain discouraged permanent settlement. The first European settlement wasn’t until 1786 when a trading post known as Salt Point was established. The settlement’s name was changed to Webster’s Landing a few years later and went through multiple name changes before officially becoming Syracuse in 1820 when the post office was built. Syracuse experienced a rapid population increase with the completion of the Erie Canal in 1825 and the introduction of the railroads in the 1830s. Incorporated in 1847, salt was the economic focus of the city until the industry declined in the 1870s and Syracuse diversified its economy into other types of manufacturing.
Syracuse has become a leader in the research, development and manufacturing of radar, sensor and wireless technologies. Lockheed Martin is one of the leading companies in this industry and also one of the city’s leading employers. Lockheed Martin operates a plant just outside of the city that specializes in radar, sonar and electronic warfare products. In addition, Lockheed Martin recently partnered with the College of NanoScale Science and Engineering of the University at Albany and the CenterState Corporation for Economic Opportunity to create the Nanotechnology Innovation and Commercialization Excelerator (NICE). NICE is a $250 million initiative that will position the region to become a leader in the nanotechnology industry by encouraging innovation and collaboration between the public and private sectors. Syracuse is also home to a leading applied research center, the Center for Advanced Systems and Engineering (CASE) at Syracuse University, which has expertise in a variety of complex information intensive systems and currently collaborates on research and development with more than 60 companies nationwide.
Although the manufacturing industry in Syracuse has declined from what it once was, the city is still home to a significant number of manufacturing companies and has recently seen a rise in advanced manufacturing. Precision manufacturing is one of the segments that has seen the most growth, with companies like Allen Tool Phoenix, Morse Manufacturing and Tessy Plastics, among many others, calling the region home. Additionally, advanced manufacturing in thermal and environmental control systems is an emerging field in the region. Some of the city’s leading companies in thermal and environmental control systems include Air Innovations, Carrier and OBG (formally known as O’Brien & Gere). Syracuse has a variety of training programs that support these manufacturing clusters, including the Central New York Technology Development Organization, a non-profit consulting and training organization, and the CleanTech Center, which helps to develop and support clean energy technology companies.
Historically, Syracuse has acted as a wholesale distribution hub for the agricultural region of Central New York and this continues to be an important part of the city’s economy today. With easy access to Central New York’s abundant crops, including a variety of vegetables, cash grain, and fruits, food processing is an important sector for Syracuse. Some of the top food processing companies that call Syracuse home are Agrana Fruit, which processes fruit for yogurt manufacturers, and Giovanni Foods, a high-level organic, non-GMO sauce company. In addition, the region also has a significant livestock and dairy industry.
In December 2016, the governor of New York announced a $650 million initiative to fuel growth in the life sciences cluster within the state. This initiative provides significant tax incentives for new and existing life sciences companies to support and create a world-class life sciences sector. In addition, it makes more than 3.2 million square feet of innovation space and 1,100 acres of developable land available tax-free at 45 of the state’s colleges and universities in order to encourage life science companies to partner with academic research institutions. This initiative will have an important effect on Syracuse, as the city is home to Syracuse University, SUNY Upstate Medical University, and Onondaga Community College, which represent a large part of New York’s life sciences industry, and all have available tax free research space through this initiative. Although this initiative is in the early stages, it is expected to have a generous impact on the economy of Syracuse and the state of New York as a whole.