Michigan Accounts Receivable Factoring Company Programs

Accounts receivable financing, also known as invoice factoring enables business owners to turn unpaid customer invoices into fast cash. Scale Funding is a Michigan accounts receivable financing company that can help reduce the stress of waiting on slow paying customers and get you paid immediately on your company invoices.

With accounts receivable financing your business receives immediate cash on your open invoices. You can use that cash to meet payroll, manages expenses, and take advantage of new business opportunities.

Why Do Businesses Use Accounts Receivable Financing?

• • Michigan accounts receivable financing programs are an alternative funding option to business loans and business lines of credit.
  • Companies in a variety of situations choose invoice factoring to get quick access to working capital.
  • Both start-ups and well-established companies in expansion and growth mode turn to factoring companies to fund their businesses.
  • Businesses that are experiencing financial hardships utilize factoring companies to obtain sufficient funds to meet operating costs. Those with slow-paying customers, tax liens, less-than-perfect credit, bank turn-downs or bank work-outs obtain funding for their businesses through accounts-receivable factoring.

Accounts Receivable Financing Lines From $50k – $20 Million 

Michigan Accounts Receivable Financing For Many Industries

• • • Technology
    • Telecom & Wireless
    • Trucking & Freight
    • Heavy Construction
    • Utility Pipeline
    • Renewable Energy
    • Oilfield Services
    • Government Vendors
    • Staffing Agencies
    • Other Industries

We serve Michigan companies in cities including:

Ann Arbor	Detroit	Grand Rapids
Lansing	Sterling Heights	Troy
Warren		And Others

Michigan

Michigan, also known as “The Wolverine State,” is home to about 9.2 million residents. The biggest city is Detroit, which has more than 700,000 residents. Other major cities include the state capital Lansing, Grand Rapids, Warren, Sterling Heights and Ann Arbor.

History

Michigan officially became a state on January 26, 1837. The name Michigan is the French form of the Ojibwa word mishigamaa which means “large water” or “large lake.” This description fits the state well as it has four of the five Great Lakes including Michigan, Superior, Huron, and Erie.

The state’s earliest industries included lumber, mining, and agriculture. The agriculture in Michigan today is prominent in producing and harvesting milk, corn, soybeans, blueberries, cherries, grapes and apples. The state is also the third leading producer of Christmas trees.

In 1959, Barry Gordy founded Motown Record Company in Detroit. The recording company included several top artists including the Jackson 5, the Supremes, Stevie Wonder, and many others.

Economy

Michigan-native Henry Ford, the founder of Ford Motor Company and one of the contributors to the assembly-line technique, shaped the state’s top industries and companies. Automotive is a dominant industry in the state with some large companies and major employers being General Motors and Ford.

Other top industries in the state include cereal production, IT and military equipment. The city of Battle Creek, Michigan is known as the “Cereal City.” Kellogg’s headquarters are located in Battle Creek, and C.W. Post made his first batch of Postum in a Battle Creek barn.

Culture

Michigan has a continental climate with it being warmer in the south and central areas of the state and colder in the northern part. Because of the diverse climate, the state has both indoor and outdoor destinations and recreational activities that both residents and tourists partake in. Some of these attractions include:

• • • Detroit Zoo
    • The Henry Ford Museum
    • The Detroit Institute of Arts
    • Mackinac Island
    • Tulip Time Festival in Holland, Michigan
    • National Cherry Festival in Traverse City, Michigan

A major recreational activity for Michigan residents is hunting and fishing. Residents also enjoy watching sports teams in all major leagues including Detroit Tigers, Lions, Red Wings, and Pistons. The Michigan State Spartans and Michigan Wolverines are among the most successful collegiate sports programs in the nation, and the University of Michigan football stadium, located in Ann Arbor, is the largest collegiate stadium in the world.