Terre Haute Factoring Company

Same-Day Cash on Your Invoices

Turn your invoices into same-day cash with a Terre Haute factoring company.

Invoice factoring, also known as accounts receivable financing, works by selling your open invoices to a factoring company at a discount in exchange for immediate working capital.

While there are many financing and factoring companies in Terre Haute and Indiana, Scale Funding is proud to be your number-one choice. We make the process quick and straightforward. Instead of going to a bank and going through an extensive approval process, get approved with Scale Funding in as little as 15 minutes. Since factoring is not a loan, no additional debt is created. Not only do we offer same-day funding and a quick approval process, but we also provide several other benefits when you choose us as your financing partner.

• Low Rates
• Competitive Advances
• Online Reporting
• Free Credit Checks
• Accounts Receivable Management
• Month-to-Month Programs from $50,000 to $20 Million.

Industries We Serve

Our Terre Haute invoice factoring programs have provided a cash flow solution to many B2B industries. We know the invoicing process and requirements in several industries including:

Trucking & Freight	Telecom & Wireless
Pipeline & Utility	Oilfield Services
Renewable Energy	Government Contractors
Heavy Construction	Staffing Agencies

Why Accounts Receivable Financing?

Accounts receivable financing offers working capital, so you’re able to meet payroll, catch up on bills, and invest in new resources. We provide Terre Haute accounts receivable financing lines to companies with a variety of business needs. Below are the most common reasons companies choose to work with a Terre Haute factoring company.

• Slow-Paying Customers: Eliminate the wait and get paid same day.
• Credit Issues: Receivable factoring approvals are based on your customers’ credit, not yours.
• Start-Up Companies: If you have little-to-no financial history, we can work with you.
• Growing Companies: Those that are growing quicker than their cash flow is coming in, use the working capital from invoice factoring to keep up with the increasing business demands

Terre Haute, Indiana

The seat of Vigo County, Indiana, is known as Terre Haute.  The city boasts a population of over 60,000 residents within a metropolitan area that is over 170,000 people.

The city lies along the Wabash River and lays claim to being the capital of Wabash Valley. A number of higher learning institutions are located in Terre Haute. These institutions include:

• Indiana State University
• Rose-Hulman Insitute of Technology
• Saint Mary-of-the-Woods-College
• Ivy Tech Community College of Indiana

The Wabash River takes up most of the city’s physical geography and forms its western border. The climate is mostly on the extremes of both the heat and the cold spectrums. The summer temperatures often hit the roof while the winters are often near freezing.

History

Terre Haute is believed to have been named by French explorers who arrived in the area in the early 18th century. They most likely named it this to describe its unique perch above the Wabash River. The name is a French phrase terre haute, whose English translation is highland. In this period, the region was under the British, and the French and the highlands were believed to be the border separating Canada and Louisiana.

When Fort Harrison was established in 1811, a permanent population of European-Americans was established in the area too. There was Wea Indian village close to the fort, and the Indians had orchards and meadows a few miles to the north of the fort. The site where those meadows and orchards were is where Terre Haute stands today.

In 1818, the city was named the county seat of the newly formed Vigo County. This led to a population growth spurt. Terre Haute was incorporated in 1832 and formally became a city in 1853.

The first businesses in Terre Haute included:

• Pork Processing
• Milling
• Farming

With the excellent transportation, business and industries expanded. In the early days, Terre Haute was a center of farming, milling, and pork processing. However, the business and industrial expansion of the Wabash River, the Wabash and Erie Canal, and the National Road, which is known today as the US 40, connected the city to the world which expanded its influence.

More industries came up in the city, for instance:

• Iron
• Hominy plants
• Distilleries
• Breweries
• Bottle makers

With the coming of the railroads, coal and coal mines were needed. In spite of all these developments though, agriculture reigned supreme. This was mainly due to the use of corn in the production of food items and alcohol.

Two hospitals were built as well as a number of churches and some outlets for recreation purposes.

On March 23, 1913, a devastating tornado hit the city of Terre Haute and destroyed over 300 homes. It’s reported that 21 people lost their lives and 250 suffered injuries of varying degrees. The local businesses and industries were not spared either. The devastation was followed by heavy rains which caused the river to burst its banks. By noon on March 25th, Taylorville in West Terre Haute was three-quarters in flood waters.

Sights and Sounds of Terre Haute

There is a lot to see and do in this city:

• The Parks Department’s Parks
• The Lavern Gibson Cross Country Course
• Golf Courses
• Festivals
• Museums
• Art Exhibitions and Galleries
• Performing Arts

Some of the festivals tourists and residents love to participate in include:

• The Vigo County Fair
• Downtown Block Party
• Banks of the Wabash Festive
• Blues at the Crossroads
• National Night Out
• First Friday Downtown
• Strawberry Fest
• Christmas in the Park
• Downtown’s Miracle on the 7th Street
• Fowler Park Pancake Breakfast
• Fowler Park Pioneer Days
• Terre Haute Farmers’ Market

Terre Haute is a city with a fascinating history and an active social life that is made possible by the many facilities offered not only for learning purposes but also for fun and relaxation. Although summer and winter temperatures can be harsh, the city’s ambiance and wealth of interesting facilities make up for it.