Factoring Companies in Greenbelt

Companies that are tired of waiting to get paid turn to factoring companies in Greenbelt to get paid immediately on their invoices. When you choose to work with Scale Funding, we’ll get you approved in just 15 minutes, set up in a matter of a few days, and funded within 24 hours.

Invoice factoring, also known as accounts receivable financing, is a cash-flow solution that eliminates the wait on customer payment. Once you’re quickly set up, send your invoices to us and receive immediate funding.

Why are you still waiting to get paid? Speed up your cash flow today with invoice factoring!

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Customized Greenbelt Invoice Factoring Programs

Companies in a variety of situations use invoice factoring to get access to consistent cash flow. Whether you’re tired of waiting to get paid, are unable to obtain financing from a bank, or you’re growing rapidly, invoice factoring can get you the cash you need.

Immediate Cash with Accounts Receivable Financing

Our Greenbelt accounts receivable financing programs provide companies access to immediate cash flow. While some may choose to go to a bank for a loan or line of credit, it is important to understand the benefits of choosing invoice factoring (receivable financing) as your solution.

First, it is quick to get approved and set up for receivable financing to get same-day funding on your invoices. With a bank loan or line of credit, it can take weeks or months to get set up and cash in your pocket.

Second, receivable financing approvals are based on your customers’ creditworthiness rather than yours. Companies with little credit history or less-than-perfect credit can still qualify.

Third, receivable financing is not a loan, so no additional debt is created.

Lastly, with invoice factoring, your wait on customer payment is eliminated. Although you might have access to working capital with a loan or line of credit, you’ll still be wondering when you’ll get paid on your invoices.

Industries that Use Invoice Factoring

Throughout Greenbelt, Maryland, and the entire United States, a variety of industries have used our cash-flow solution. Some of the industries we service include:

• Trucking & Freight
• Telecom
• Staffing Agencies
• Oilfield Services
• Heavy Construction
• Renewable Energy
• Utility & Pipeline

Greenbelt, Maryland

Greenbelt is a suburb of Washington D.C. and a city located in the state of Maryland. With innovative architectural planning, Greenbelt is decorated by humbleness and simplicity thus providing a decent amount of tourism for both local and international visitors. As of 2018, the city is estimated to have a population of 23,541. There are places in the world that show the perfect blend of beauty and history; Greenbelt is an excellent example of such a place.

Greenbelt borders College Park, New Carrollton, Beltsville, Riverdale Park, Berwyn Heights, Seabrook, and East Riverdale. The city is renowned for being not only the first but also the largest of the three experimental New Deal Green Belt Towns. These controversial towns were planned and built by the US Federal government for middle-income families.

History

On September 30, 1937, Greenbelt was settled as a public cooperative community in the new deal era. The federal government was aiming to foster an ideal cooperative community that was self-sufficient and would ease the critical housing shortage near Washington, D.C., the nation’s capital. This new project would also create employment opportunities thus helping to stimulate the national economic recovery following the Great Depression.

Providing affordable housing for federal government workers, Greenbelt was one of the three towns conceived in 1935 by Rexford Tugwell, a member of President Franklin D. Roosevelt’s Brain Trust. The two other towns were Greenhills in Ohio near Cincinnati and Greendale in Wisconsin near Milwaukee. These three towns were designed to provide work for the unemployed and affordable housing for low-income families as well as a model for future town planning in the US.

Initially operated as rental units, Greenbelt’s 1,600 housing units were sold to a housing cooperative in 1952. The residents formed the cooperative, and it is now known as Greenbelt Homes, Inc.

Economy

Being a great place to live means the city of Greenbelt is also a great place to work. Its thriving economy helps with the tax base; this means that the city has more money for its improvements. This has dramatically helped Greenbelt top attract and retain talent.

The economy of Greenbelt employs about 13,500 people and is specialized in public administration, professional, real estate, scientific tech services, and rental and leasing. The city’s largest industries are educational services, healthcare and social assistance, and public administration. The highest paying industries in Greenbelt are real estate, rental and leasing, and transportation and warehousing.

With a significant contribution to the city’s economic well-being, the following are the top employers in Greenbelt according to the Comprehensive Annual Financial Report of conducted in 2011:

• The City of Greenbelt
• ManTech International
• Target
• Bozzuto Group
• Eleanor Roosevelt High School
• Martin’s Caterers
• Arctic Slope Regional Corporation
• Giant
• Safeway
• Atlanta Restaurant Partners (TGI Friday’s)

Present Day Greenbelt

Over the recent years, Greenbelt has expanded to include new housing and commercial areas right outside of the historic core. However, the city has managed to maintain its small-town atmosphere, cooperative spirit, playgrounds, and beautiful parks as well as some of the most affordable and distinctive housing in the Washington D.C. area, to this day.

The Roosevelt Center is the primary hub of activity in Greenbelt. It is home to the newly owned and restored Old Greenbelt Theatre, the New Deal Café which offers poetry, live music and more, and the Greenbelt Arts Center which offers live theater. The Center which features restaurants and a cooperative grocery store among other businesses are also famed for hosting fairs and festivals throughout the year. Adjacent to the Roosevelt Center you will find the Aquatic and Fitness Center, Library, Greenbelt Museum, and the Community Center.

Evidently, Greenbelt, Maryland is a place one would consider visiting or relocating to given its historical background and thriving economy.