Invoice factoring, also known as accounts receivable financing, is a quick and simple way to eliminate your cash-flow gap from slow-paying customers and take back control of your business finances.
While there are many factoring companies in Durham and the surrounding areas, Scale Funding can get you the working capital your business needs in just three simple steps.
Step 2: Once you’re quickly setup, send your invoices to Scale Funding.
Step 3: The day that we receive your invoices, our team will verify, approve and transfer you a competitive advance on the total directly into your bank account.
Once your customer pays the invoice weeks or even months later, we’ll deposit the remaining invoice balance, minus our guaranteed-low factoring rate.
One of the reasons we’re known as the best among factoring companies in Durham and throughout North America is because we’re able to get the deal done when others can’t. Our programs are customized and flexible to work with your business situation.
|If your business in need of quick cash, our Durham accounts-receivable financing programs can provide you that with our same-day funding solution.
|Many industries deal with slow-paying customers which can cause cash-flow stress on your business. Eliminate the wait with invoice factoring.
|It can be difficult to get substantial funding from a bank as a start-up. Our Durham invoice factoring programs have helped start-ups grow by providing them with the cash needed.
|Don’t pass up on new contracts because you’re waiting to get paid. Get paid same-day with our Durham factoring company programs.
|Unlike bank loans and lines of credit, our invoice factoring programs are not dependent on your credit. We can fund you even if your credit is maxed or less-than-perfect.
|Bank Turn-downs & Workouts
|Because we’re not a bank, we’re able to provide funding even when banks can’t.
|If you have a tax lien, it is nearly impossible to get funding through a bank. However, our customizable factoring programs can get you the cash you need.
|Get back on your feet and back to financial freedom after a business bankruptcy with our Durham accounts-receivable financing programs.
Since 1994, Scale Funding has provided several different industries with a cash-flow solution.
Nicknamed Bull City, Durham is located in Central North Carolina. The city is full of rich, diverse cultures, which are celebrated in annual festivals and visible in the city’s art, music and food on a daily basis.
Present day Durham was home to the Eno and the Occoneechi tribes long before the arrival of Europeans in the mid-1700s. Scots, Irish and English colonists were some of the earliest European settlers in the region, subsisting as farmers and creating gristmills to grind their grains. This region remained a small agricultural community until the expanding railroad industry built a railroad station in 1849. The station was known as Durham Station in honor of Dr. Bartlett Durham who donated the land for it to be built. Although Durham was not a strategic city during the Civil War, armies regularly camped in the outskirts of the city and smoked the local tobacco. After the war ended and soldiers returned home, many wrote letters to Durham Station asking for more of the tobacco they had while there. This led to a significant expansion of the city’s tobacco industry, as merchants began shipping tobacco around the country, and led to the creation of the iconic Bull Durham Tobacco Factory. The rise of the tobacco industry led to the rise of textile mills in Durham, which soon doubled the city’s population. In the early 1900s, Durham became home to the historic African American community known as Hayti. In the 1950s-60s, Durham was an important city for civil rights, as the city was home to a number of prominent civil rights movements.
As home to Duke University, a top private research university, and Duke University Health System, Durham’s life sciences industry has a significant influence on the economy. In fact, Duke University and Duke University Health System are the city’s largest employers, employing more than 34,000 people. Along with the University of North Carolina at Chapel Hill and North Carolina State University, Duke is one of the anchor universities for Durham’s massive Research Triangle Park (RTP), the world’s largest concentration of scientific, medical and technological research and manufacturing facilities. Within RTP’s 7,000 acres there are more than 200 companies working in biotechnology, chemicals, pharmaceuticals, environmental sciences, micro-electronics and telecommunications. These industries invest more than $296 million in research and development at the local universities each year. In addition to the three original universities, the Biomanufacturing Research Institute and Technology Enterprise Center for Excellence at Durham’s North Carolina Central University also plays a large role in life sciences research at RTP.
Along with life sciences research, Durham has a major healthcare industry, which is reflected in one of the city’s nicknames – City of Medicine, USA. In fact, there are more than 300 medical and health-related companies in the city, with a combined payroll of over $1.2 billion per year.
The high technology sector is becoming increasingly important to Durham’s economy, as it includes several prominent tech companies. One of these companies is IBM, which has operated a manufacturing facility in the Research Triangle Park for over 50 years. What began as a facility for IBM’s component manufacturing has evolved to the company’s largest site in North America. Another leading tech company at RTP is Dell EMC, an information technology segment of Dell Corporation that is focused on cloud computing. Dell EMC has a 450,000 square foot facility that houses the company’s main data center, as well as a large research and development department. In addition, Sentinel Data Centers operates a 420,000 square foot data center in the middle of RTP. These leading tech companies are part of the reason Durham’s high-tech sector is on the rise, with start-ups attracted to the region for its wealth of talent and experience.
Durham’s tourism industry has a significant impact on the city’s economy. Each year, the city has over 9 million visitors spending an average of $830.8 million. This industry supports more than 13,800 jobs and provides over $400 million in wages. About a quarter of the visitors come to Durham for business related reasons, but the rest come to the city to enjoy its culture. Durham has a wealth of activities for all ages, including a vibrant visual arts and performing arts scene. There are also a number of historical sites to visit and many of them offer free tours. In addition, Durham is known for its nightlife. The city has become a destination for beer aficionados with five local breweries and an annual World Beer Festival, hosted by All About Beer Magazine (which is also headquartered in Durham). For foodies, Durham has been praised by Southern Living magazine as the Tastiest Town in the South. Durham’s eclectic restaurant scene is made up of a wide variety of cuisines, many taking advantage of the local flavor.