Accounts receivable financing, also known as invoice factoring, is a common financial solution many companies use to obtain steady cash flow.
The process works by selling your invoices to a third party at a discount in return for access to cash that would normally be tied up in your accounts receivables.
There are many benefits for choosing Scale Funding over other Dallas factoring companies. Below are just some of the benefits.
Many industries use our Dallas invoice factoring programs to speed up cash flow. Some of the industries include:
Contact one of our financial experts today to see how we’ve helped other companies in your industry with their cash flow through our Dallas accounts receivable financing lines.
From start-ups to well-established, growing companies, Scale Funding helps companies in a variety of situations with their cash flow.
Many of our customers deal with slow-paying clients. We eliminate this problem by paying you same day on your invoices. Factoring provides immediate cash to meet your business needs.
Other companies turn to Dallas factoring company programs because they’re unable to get traditional financing through a bank because of a bankruptcy, less-than-perfect credit, maxed-credit or tax liens.
No matter what your situation is, Scale Funding has more than 20 years of experience working with a variety of businesses. Contact us today to see how we can help you improve your cash flow and so you can take control of your business finances.
Dallas has a very diverse economy; however it’s technologically focused and includes defense, financial services, information technology, life sciences, semiconductors, telecommunications, transportation, and processing. The Greater Dallas Chamber of Commerce reports the metroplex holding about 43 percent of Texas’ high-tech professionals. The Dallas area is home to 19 Fortune 500 companies including Advance PCS, Dean Foods, ExxonMobil, Kimberly-Clark, Neiman Marcus, Southwest Airlines, and Texas Instruments.
The telecommunications sector is possibly the most populous, housed in Richardson, Texas, which is north of Dallas. Along Highway 75 sits a three-mile stretch of telecom royalty including Ericsson, Alcatel, AT&T, Southwestern Bell, Frontier Communications, and plenty others.
Real estate and tourism are two other major industry sectors in Dallas. Not only does Dallas and the surrounding metroplex have tons of commercial and retail property, but it also has a booming residential market that leads the nation in apartment construction and net leasing with all-time high rent. Tourists come from all over the state as well as the country for the plethora of shopping venues available. Dallas boasts more shopping centers per capita than any other city in the United States.
The manufacturing industry in the Dallas metroplex is vast and includes chemicals and allied products, electronic components, parts for defense and airline industries, machinery, transportation equipment, and food products.
Finally, another important economic sector is commercial shipping. The Dallas-Fort Worth International Airport’s international cargo shipments have increased by three times in the last ten years. The inter-web of interstate highways and railroad connections also allows Dallas to be the leading distribution center of the Southwest for the national trucking industry.
What is now known as Dallas started out as Three Forks, a section of the Trinity River. John Neely Bryan, a native Arkansas man, traveled west in 1839 in search of a place to found a trading post for Indians and settlers. The Three Forks area seemed like the perfect place for Bryan’s new trading post as it had the easiest river crossing and was part of the upcoming Preston Trail. In 1841, Bryan convinced nearby Peters County residents to relocate to his new town of Dallas because of its excellent location. The transplants spread the good news of Dallas, and the city grew overnight. Dallas officially became a town in 1860 with 2,000 residents and its first mayor Samuel Pryor. This was a turbulent time in Dallas and Texas with the latter’s wishes to secede from the Union, and in 1861, they did.
After the Civil War ended, there was a significant growth spurt in Dallas, and the first railroad from Houston came to be in 1872. Farming and cultivation became one of the first industries in Dallas but would collapse without the necessary lending support. Soon came the Great Depression and more than 18,000 people in Dallas were out of a job. The discovery of oil was the beginning of an upswing in the area. Exploration began in 1931 once funding was secured and the town was overrun with roughnecks and roustabouts drilling for black gold. Small businesses boomed to support the oil fields and its workers as well.
Dallas’ long-standing technologically driven economy began in the 1950s and 1960s with the growth of LTV Corporation and Texas Instruments. Home furnishings also made its mark with the opening of Home Furnishings Mart in 1957 which would eventually become the Dallas Market Center, the largest wholesale trade complex in the world. The oil industry headquarters would move to Houston in the late 70s to early 80s making room for the advancing computer and telecommunications industries. Dallas was dubbed Texas’ Silicon Valley or the “Silicon Prairie” in the 1990s.
Dallas’ plethora of professional sports teams began in 1970 with the establishment of the successful Dallas Cowboys, eventually followed by the Texas Rangers in 1972, the Dallas Mavericks in 1980, and eventually soccer and hockey as well.
The Dallas area is home to more than 72 colleges, universities, and higher education institutions. The most prominent include Texas Women’s University, University of North Texas, Texas Christian University, and the University of Texas at Dallas.
The Arts District, located in the northern downtown area is the largest continuous arts district in the United States and houses the Dallas Museum of Art, the Dallas Symphony Orchestra, the Nasher Sculpture Center, the Dallas Opera, and the Texas Ballet Theater, as well as many others. The Arts District is also home to the Meadows Museum who partners with Southern Methodist University to offer a three-year Spanish art focused venue with works from Picasso, Murillo, and El Greco. The Booker T. Washington High School for the Performing and Visual Arts is located in the Arts District as one of Dallas ISD’s magnet schools.
Deep Ellum, located east of the Arts District, is filled to the brim with artists who work in the neighborhood’s bars, pubs, and concert venues. The city has a lenient stance on graffiti in the area, so many of the tunnels, buildings, sidewalks, and streets are covered in murals.
The biggest event held in Dallas is the State Fair of Texas which first began in 1886. The fair’s profits to the city are estimated at a staggering $350 million each year. Because of the large Mexican American population in Dallas, the city hosts several Cinco de Mayo celebrations and also has a Saint Patrick’s Day parade for the Irish population.
Dallas is a dream city for the sports fan with six professional teams including the Texas Rangers (baseball), the Dallas Cowboys (football), the Dallas Mavericks and the Dallas Wings (basketball), the Dallas Sidekicks and FC Dallas (soccer), and the Dallas Stars (hockey). The Dallas Cowboys are the most famous of Dallas’ teams as they are known as “America’s” team. The Cowboys recently built a new home stadium in Arlington (slightly west of Dallas) which seats 80,000 and hosted Super Bowl XLV.
Many notable people have called Dallas home including President George W. Bush and first lady Laura Bush, retired CEO of Hilton Hotels Barron Hilton, singer Jessica Simpson, director Aaron Spelling and professional golfer Jordan Spieth.