With today’s tight credit and lending policies, banks and their customers are often faced with the difficulty of closing a line of credit. Bank workouts are a challenge, especially when a long-time customer relationship is involved. That’s why many banks and their customers use invoice factoring as a workout solution.
Scale Funding has worked together with banks and their customers to offer factoring options for customers transitioning from a line of credit. Our accounts receivable financing solutions can benefit both the bank and the customer. A changeover to factoring with Scale Funding is the answer for bank workouts.
Workout bankers across North America turn to Scale Funding as a resource for customers moved to the bank workout group. When a business loan or business line of credit reaches the risk level where it’s no longer viable for the bank, Scale Funding can step in.
Scale Funding can offer the workout customer a factoring line. With this line, the bank loans or lines of credit can be paid off, and the customer will have cash for their business operations. This allows the bank to maintain a banking relationship with the customer and as the customer’s financial position improves, they may requalify for a bank line.
There are many benefits for bank workout customers to switch to factoring. Scale Funding has over 20 years of experience providing factoring to companies with financial challenges. Our staff works closely with customers to improve their cash flow using best invoicing practices, credit and risk management of their customers, plus skilled AR specialists.
Accounts receivable factoring can be a “win-win” for banks and bank workout customers. Valuable banking relationships continue without risk, while the customer has the advantage of cash flow from factoring. Scale Funding is the solution for bank workouts.
With over 20 years of experience serving companies across North America in a range of industries and situations, Scale Funding has the know-how to be the right choice for factoring. Scale Funding has customized factoring programs designed to meet the unique cash flow needs of each client. From cash flow to service and success, Scale Funding makes sense.
Scale Funding serves clients in a wide range of industries. A get-it-done culture, reliability, and industry knowledge are hallmarks of our reputation. By understanding “how things work,” Scale Funding staff work on our customers’ behalf and help them succeed.
Scale Funding provides accounts receivable factoring to customers in many industries including:
|Telecom & Wireless||Utility & Pipeline||Government Contractors|
|Heavy Construction||Oilfield Services||Staffing Agencies|
|Technology||Trucking & Freight||Renewable Energy|
|Many Other Industries|
At Scale Funding, we know time is critical with bank workouts. We eliminate complications and offer a speedy setup process for new customers. With Scale Funding, getting set up for accounts receivable factoring is as easy as 1-2-3.
Step 1 – Get a Quote
The initial step in securing a factoring line is for new customers to speak with a Scale Funding representative. We’ll discuss the cash-flow situation and needs, and we’ll offer a free, no-obligation consultation and quote for a factoring line. Our simple and straightforward underwriting guidelines allow most customers to receive written quotes in 30 minutes or less. All factoring quotes are customized for the specific needs of the client. We’ll work to make certain the factoring line meets the requirements of both the bank and the customer.
Step 2 – Submit invoices and Related Documents
Once a factoring line is agreed upon, we’ll schedule the first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the set-up process, we’ll talk through the agreement and discuss invoices and any related materials.
Step 3 – Get Cash for Your Invoices
When the set-up process is complete, we fund via ACH direct deposit or a wire transfer directly into a bank account. From this point forward, each time we receive invoices, we’ll process and fund the same day the invoices are received.