When businesses need immediate and consistent cash-flow, invoice factoring is the right solution. Of the many factoring companies in Laredo, Scale Funding has the experience and knowledge businesses look for in a factoring company. Scale Funding customizes factoring programs to meet the needs of companies in a wide range of industries and situations.
Invoice factoring is sometimes called accounts receivable financing. The process works by selling your receivables to a factoring company for an immediate cash advance. With cash in hand, you no longer have to wait weeks or months for customer payment.
When you choose Scale Funding over other factoring companies in Laredo, you receive more than cash. Our factoring programs include:
Our month-to-month programs range from $50,000 to $20 million per month, giving you plenty of room to grow. Get approved for a factoring program today in as little as 15 minutes.
Scale Funding has financed companies in a variety of industries through our Laredo accounts receivable financing programs. Some of the industries we specialize in include:
|Trucking & Freight
|Utility & Pipeline
Scale Funding offers customized programs, making it your top choice among factoring companies in Laredo and Texas. We can help many different business sizes, stages, and situations. We have the right deal to fit your business needs. Laredo invoice factoring is the ideal solution when:
At Scale Funding, we strive to get deals done. Companies that do not qualify for traditional bank financing use factoring to finance their business operations. Contact one of our factoring representatives today for a free invoice factoring consultation and approval for factoring. Once you begin factoring your invoices, you’ll have the working capital you need for bills, payroll, equipment, and more.
Laredo is a large, southwestern US-Mexico border town, on the north bank of the Rio Grande River. Known as “The City Under Seven Flags,” Laredo is the third most populous southern border town in the country, with a population over 250,000, and tenth most populous town in the state of Texas. It is also the 19th least diverse city of the 313 largest cities in the country, with 95.6 percent of the people of Hispanic/Latin ethnicity. Laredo also extends over the Mexican border to Nuevo Laredo, which brings the total population of the greater Laredo Metropolitan area to over 630,000.
Laredo has a long history of ranching cattle and sheep, as well as farming root vegetables and fruits. However, the agriculture industry has become minimal in comparison to trade and transportation. Laredo contains the largest inland port entry in the country. Also, home to Lake Casa Blanca International State Park, Laredo has many diverse outdoor recreational activities, particularly involving fishing, camping, and golf courses.
First settled by the Spaniard, Don Tomás Sánchez in 1755, Laredo was part of the Nuevo Santander region of the Spanish colony, New Spain. Laredo sprouted from the Villa de San Agustin de Laredo district, after which it was named.
The following year, the US Army constructed Fort McIntosh at a strategic river crossing on the Rio Grande. However, this fort, eventually abandoned during the American Civil War, later reemerged as a US military training facility during World War I. Fort McIntosh was deactivated in 1946 and is currently incorporated into the Laredo Community College campus, which was built in 1947.
The majority of Laredo’s city architecture derives from Spanish Colonial design and Mexican influence, with the biggest concentration in the downtown region. San Agustin Cathedral, the oldest congregation, dating to the city’s establishment in 1755, is located in the historic plaza; however, the building itself dates to 1871. The more recent, modern American-style architecture is found along Interstate 35.
International trade encompasses the primary source of economic activity in Laredo. The city contains many of the largest transportation corporations in the country, with manufacturing based in the Mexican border region. The impressive I-35 corridor provides widespread and easily accessible transportation of goods and marks a crucial role in the trade between Mexico and the United States. This tremendous growth in trade and transportation is enhanced by The North American Free Trade Agreement (NAFTA), established in 1994. Furthermore, Laredo contains two international airports in the greater Laredo-Nuevo Laredo Metropolitan Area, one on each side of the border. Laredo has four international bridges and one railway bridge, and also two additional railway bridges have been approved and are under construction.
Unemployment rates are lower than the national average at 4 percent and the job growth rate is estimated to increase by 38 percent over the next ten years. Approximately 11 percent of Laredo’s total employed population is categorized in transportation and material moving sector. The location quotient for cargo and freight agents in Laredo is well above the national average, at 14.8 percent.
Laredo serves as the corporate headquarters for four South Texas banks: the International Bank of Commerce, Falcon International Bank, BBVA Compass, and the Texas Community Bank, all of which also drive employment in the financial sectors. Although Laredo mandates a higher than national average sales tax, Texas does not have an income tax, making Laredo and Texas a preferred state for residency.
Laredo has a strong cultural presence with over 250 years of traditions, many still in practice. The largest local festival is Washington’s Birthday Celebration, a tradition that has continued since 1898. Jamboozie is the name of this popular festival that takes during Washington Birthday Celebrations, similar to the New Orleans’ Mardi Gras, with bold colors, costumes, masks, and beads. The festivities take place at the end of January and continue for a month, attracting an estimated 400,000 tourists from around the world. Numerous events and festivals are celebrated during this time, including a Society of Martha Washington Colonial Pageant and Ball, Princess Pocahontas Pageant and Ball, Jalapeño Festival (yes, a contest to see who can eat the most Jalapeños in 15 minutes), parades, carnivals, fireworks, concerts and a city-wide promenade hosting many of Laredo’s elite dressed in Colonial Era fashion.
Laredo has two public K-12 school districts: the United Independent School District and the Laredo Independent School District. Laredo is home to Texas A&M International University and Laredo Community College. The University of Texas Health Science Center at San Antonio has a campus in Laredo, as well. Texas A&M International University (TAMIU), not to be confused with Texas A&M University, is the fourth most affordable university in Texas. TAMIU also boasts an impressive athletics program with 11 sports teams, known as the Dustdevils. The school has been listed as one of the top ten business schools with the greatest opportunity for minority students. Laredo has a 42 percent rate of post-high school education and is increasing every year.
The geography surrounding Laredo, Texas largely impacts the city’s weather. Laredo experiences a temperature index ranging from hot to mild in the summer and winter. The winters are relatively mild, with an average temperature of 66 degrees during the day and 43 degrees at night. Summer temperatures average highs of 101 degrees and lows at 75 degrees. The height of the mountain range inhibits moisture from surrounding bodies of water, leaving the region fairly dry, especially in the summer, while notably humid in the winter, resulting in a semiarid climate that receives very low annual rainfall and supports short vegetation and grasses.
The Sierra Madre Oriental mountains are to the west, the Gulf of Mexico is to the east, and the Chihuahuan Desert is to the south and north. Laredo may experience extreme storms that occur abruptly, and also prolonged periods of intense heat. Laredo is prone to droughts, so a water conservation ordinance has been in effect since 2003. Laredo’s climate is one of many factors that make this city an prominent southwest port.