Invoice factoring, also known as accounts receivable financing, works by selling your accounts-receivables to a factoring company in exchange for quick cash. When you choose invoice factoring as your financing method, your cash-flow gap caused by slow-paying customers is eliminated.
While there are many factoring companies in Wichita and throughout Kansas, Scale Funding offers many benefits like low industry rates, high advances and same-day funding. Get the cash your business needs in three easy steps.
Step 2: Once you’re quickly approved and setup, send your invoices directly to Scale Funding.
Step 3: The day that we receive your invoices, we’ll approve and confirm them and deposit a competitive advance on your invoice amount directly into your bank account.While we wait for your customer to pay, you’ll have cash to operate and grow your business.
Once your customer pays the invoice 30-plus days later, we’ll deposit the remaining amount into your bank account, minus a small fee for our services.
Many companies choose Scale Funding over other factoring companies in Wichita and the surrounding areas because we’re able to provide cash when others can’t. Our flexible invoice factoring and accounts-receivable financing programs are custom to fit the needs of each business.
|Quick Cash||If you need quick cash and don’t have time to wait to get approved from a bank, turn to invoice factoring. Scale Funding approves businesses in as little as 15 minutes and provides same-day funding.|
|Expanding||Are you expanding quicker than your cash flow is coming in? If so, sell your accounts receivables to Scale Funding for same-day cash.|
|Maxed-Out or Less-Than Perfect Credit||No need to worry if your credit is maxed or less-than-perfect as our Wichita accounts-receivable financing programs are dependent on your customers’ credit rather than yours.|
|Slow-Paying Customers||Stop waiting for customer payments and get paid the day you’re ready to invoice with our invoice factoring programs.|
|Start-Ups||Companies that are just starting up can have a difficult time obtaining sufficient cash-flow from a bank. With our Wichita invoice factoring programs, the more contracts you win, the more cash we’ll provide.|
|Bank Turn-Downs & Workouts||Even when the bank turns you down, Scale Funding can still help.|
|Tax Problems||Our custom programs are able to work with companies that have tax problems such as liens.|
|Bankruptcy||If you’ve filed for Chapter 11 bankruptcy and need the cash to get back on your feet, our Wichita invoice factoring programs can help.|
For more than 20 years we’ve funded a variety of industries through our invoice factoring and accounts-receivable financing programs. As long as you invoice other businesses and are waiting to get paid, we can help get you the cash you need.
Some of the industries we’ve funded over the years include:
Located in the center of the United States where the Arkansas River and the Little Arkansas River meet, Wichita is the most populous city in Kansas. It is named after the Wichita, a Native American tribe who originally inhabited the land.
The area of present day Wichita had already served as a Native American center for trade for at least 11,000 years, before James R. Mead, William Greiffenstein and William Mathewson established their trading posts in 1868. In 1870, Wichita was officially incorporated as a town when a petition with 124 signatures, 123 male and 1 female, was presented to a judge. The one female signature came from Catherine McCarthy, the mother to the notorious Billy the Kid. During this time, Jesse Chisholm established and marked a cattle trail from southern Texas to Kansas, known as the Chisholm Trail. This trail, coupled with the completion of the railway, made Wichita a center for the cattle trade and earned it the nickname “Cowtown.” Although the booming cattle trade in Wichita was short lived, Wichita continued to be an industrial hub with a prosperous manufacturing and agricultural industry. Wichita was also a thriving center for entrepreneurs. Many well-known brands began in Wichita, including Pizza Hut, White Castle and the outdoor equipment company Coleman.
The aviation and aircraft manufacturing industry is the largest and most important contributor to the economy of Wichita by far. In fact, Wichita earned the city title “Air Capital of the World” because it produces more than 30 percent of the world’s general aviation aircraft. Over half of the manufacturing employment in Wichita is related to this industry. Some of the main aviation companies with operations in Wichita include Cessna, Hawker Beechcraft Corporation and Bombardier Aerospace Learjet. Wichita is also home to the McConnell Air Force Base, which was recently chosen by the Air Force as the main operating base for a new fleet of mid-air KC-46A refueling tankers. As a result, the base will go through many improvements and upgrades, which will create new jobs and bring additional revenue to the economy of Wichita. Additionally, the presence of the base further asserts Wichita’s influence in the aviation industry and provides a highly trained workforce of people to the labor market.
The healthcare industry is the second largest employer in Wichita and is an incredibly important driver of the economy, especially since it is a fairly consistent industry. This industry employs approximately 11 percent of Wichita’s work force and contributes almost $2.9 billion in wages. Over the past few years, the tax revenue from the healthcare industry has risen by about $12 million to $253 million. Some of the major employers in this industry are Via Christi Health, which employs around 7,000 people, and Wichita Clinic, the largest multispecialty practice in the state that is owned and operated by its doctors, which employs around 1,000 people. In addition to directly benefiting the medical field, this industry provides indirect benefits to many other industries within the city, including retail.
Kansas has a significant amount of natural gas and oil reserves and ranks tenth in crude oil production among the 50 states. As such, many independent and corporate oil and natural gas companies are headquartered in Wichita. Some of the independent companies include, CMX, Berexco LLC and Lario Oil & Gas. Additionally, Wichita is home to the headquarters of Koch Industries, Inc., which was recently listed as one of Forbes most important private companies in the United States. Koch Industries, Inc. is a multinational oil and gas corporation that has subsidies in many other industries, including paper, chemical manufacturing and fertilizer manufacturing, among many others.
Similarly to the state of Kansas as a whole, Wichita has a strong agricultural sector. A majority of revenue and employment within Wichita’s agricultural industry comes from beef cattle ranching and farming, which has an average total output of $352 million. Additionally, and in conjunction with agriculture, Wichita has a significant food processing industry. In fact, it is home to the headquarters of Cargill Meat Solutions, a leading producer and distributor of processed meats. Cargill represents a variety of major food brands, including Angus Pride©, Meadowland Farms© Tender Choice© and many others.