Every company needs a reliable source of financing. Business financing with bad credit or less-than-perfect credit can be challenging to obtain through a bank. That’s why more and more companies now use invoice factoring. Invoice factoring is an excellent alternative to traditional bank financing.
Scale Funding offers invoice factoring and accounts receivable financing for companies with less-than-perfect credit. With the added cash flow from factoring, companies can get caught up on bills, meet payroll or use it for any other pressing needs.
Businesses with less-than-perfect credit can have trouble getting business loans and business lines of credit. Even if they can get the loan or line, often the available amount isn’t enough for the business to survive. Factoring doesn’t look at the creditworthiness of your business, but rather the creditworthiness of your customers. A healthy accounts receivable balance with stable customers ensures a factoring line that grows as the work grows.
At Scale Funding, we understand companies go through hard times when their customers don’t pay promptly. That’s where accounts receivable factoring comes in. It provides the cash you need to effectively operate your business. Factoring drops infuriatingly-high Days Sales Outstanding values by providing same-day payment on invoices.
As a leading provider of factoring lines since 1994, Scale Funding is the right choice for business financing with bad credit or less-than-perfect credit situations. If lack of available cash is holding back your business, talk to a Scale Funding representative today and find out how factoring can become part of your success.
Accounts receivable financing, also known as invoice factoring, is a type of financing where a company sells its outstanding receivables for a cash advance. Scale Funding will provide a competitive advance on the value of the receivables. Clients use the advanced money as they need. When Scale Funding receives payment on the invoices from the client’s customer, the remaining balance is remitted less a small fee.
In addition to the cash flow, Scale Funding has valuable services which benefit clients. These services include online reporting, customer credit analysis, accounts receivable management, and more. The staff at Scale Funding have the expertise and experience to help clients on their road to success.
Since 1994, companies from a range of industries and a variety of services have turned to Scale Funding for factoring. Our industry knowledge and reputation for service have made us a leader in the factoring industry. Companies searching for an alternative to a business loan or business lines of credit choose Scale Funding.
Companies working in the following industries use factoring for cash flow:
|Telecom & Wireless
|Utility & Pipeline
|Trucking & Freight
Step 1 – Get a Quote
The initial step in securing a factoring line is to speak with a Scale Funding representative. We’ll discuss your 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 your requirements.
Step 2 – Submit Invoices and Related Documents
Once a factoring line is agreed upon, we’ll schedule your 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 walk you through the agreement and discuss your invoices and any related materials.
Step 3 – Get Cash for Your Invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.