Invoice factoring is also referred to as accounts receivable financing. This funding solution eliminates the cash-flow gap from slow-paying customers by paying you immediately on your invoices.
Scale Funding makes the process quick and simple, making it your top choice among factoring companies in Cheyenne and Wyoming. Starting with a free, no-obligation consultation and quote. we can get your account set up and funded in just a few days.
Loans and lines of credit can limit your growth by capping the amount you’re able to receive. Our Cheyenne invoice factoring programs grow with your company. The more you do in sales, the more cash we’ll provide. Our monthly programs range from $50,000 to $20 million, giving your business plenty of room to grow.
Since 1994, Scale Funding has funded many industries through our Cheyenne accounts-receivable financing programs. We’re able to provide a cash-flow solution to almost any B2B industry that is waiting to get paid. Some common industries we provide financing to include:
|Transportation||Utility & Pipeline|
|Oilfield Services||Government Contractors|
|Telecom & Wireless||Technology|
|Renewable Energy||Heavy Construction|
|Staffing Agencies||Many More|
While there are many factoring companies in Cheyenne and Wyoming, Scale Funding is able to fund companies in a variety of stages, sizes, and situations.
If one or more of the following explains your cash need, contact Scale Funding today.
Located in southeastern Wyoming, Cheyenne is the capital and most populated city in the state. The city experienced rapid growth at its onset, which earned it the nickname “The Magic City of the Plains.”
The area of present-day Cheyenne was sparsely populated when it was surveyed by General Grenville Dodge as a possible depot for the Union Pacific Railroad in the summer of 1867. Once chosen, the settlement was named Cheyenne, after the most prominent Native American tribe in the region at the time. The population rose very quickly once construction began on the railroad a few months later and by the time the first train came to Cheyenne in November, the population had reached 4,000. The city began as part of Dakota Territory, but once the Wyoming Territory was established in 1869, Cheyenne was named its territorial capital. With its proximity to the railroad, the city quickly became a center for commerce. When gold was found in the nearby Black Hills in 1875, Cheyenne became a staging zone for miners and during the cattle boom, Cheyenne was a hub for the prosperous livestock industry. Today, Cheyenne enjoys a very diverse economy, which is in large part due to the work of the non-profit, economic development organization Cheyenne LEADS.
As the capital of the state, the government accounts for a significant portion of Cheyenne’s economy. In fact, the State of Wyoming is the largest employer in the region, employing more than 4,000 people. The Federal Government, the government of the City of Cheyenne, and the Laramie County Government are also among the top employers in the region.
Since its founding, Cheyenne has had a significant military presence and today the defense sector represents a large portion of the city’s economy. Established in 1867 as Fort D. A. Russell, F.E. Warren Air Force base is the second largest employer in the region. The base contributes more than $360 million to Cheyenne’s economy each year and is one of only three bases responsible for the nation’s Intercontinental Ballistic Missile System (ICBM). Recently, the federal government approved funding to make considerable upgrades to the ICBM system at all three bases. Lockheed Martin, Boeing, and Northrop Grumman have all submitted bids for the project, which could cost as much as $80 billion. Regardless of which defense contractor gets the job, the project will bring millions of dollars to the local economy of Cheyenne. In addition to the F.E. Warren Air Force Base, Cheyenne is also home to the 153rd Airlift Wing of the Wyoming National Guard, which employs more than 1,100 people in the region.
Just as the railroad played an important part in Cheyenne’s beginning, the railroad industry is a significant part of the city’s economy today. With the Burlington Northern Santa Fe and the Union Pacific railroads intersecting in the city, Cheyenne is a major hub for transportation. Both rail companies are among Cheyenne’s top employers, as Burlington Northern Santa Fe operates a rail yard in the city and Union Pacific chose Cheyenne as the hub for its steam program, which houses and restores the company’s historic steam locomotives. In addition to railway access, Cheyenne is close to a number of major freeways. The city’s easy access to multiple transportation routes makes it a strategic location for corporate distribution centers. In fact, both Lowe’s and Wal-Mart operate distribution centers just outside of the city.
Wyoming is the biggest coal-producing state in the country. However, changes in the energy market and government regulations have led to a downturn in the demand for coal. As such, Wyoming has had to find new opportunities in the energy sector; with wind energy is at the top of the list. A number of projects are in the works around the state with plans to export the wind power generated in Wyoming to California and other states. The construction and development of these projects will bring between $15 billion and $20 billion in total economic impact to the State of Wyoming and create thousands of new jobs. Cheyenne is at the center of this development, as the city’s location and high elevation make it one of the windiest cities in the country.