Factoring Companies in New York City

Instead of waiting weeks or even months for customer payment, businesses sell their receivables to factoring companies in New York City for a same-day advance. Scale Funding is proud to be your number-one choice. Our month-to-month financing programs allow for flexibility, growth, and most importantly, increased cash flow. Our customizable financing programs range from $50,000 to $20 million per month.

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Factoring Companies in New York City Provide Same-Day Cash

Invoice factoring, also known as accounts receivable financing, is a common solution many companies use to finance their business as it provides same-day cash on their invoices.

While some automatically turn to business loans or lines of credit, there are many benefits that invoice factoring offers.

Invoice factoring provides your business with the cash you need, quickly. Approvals are done in just 15 minutes, and setup is quick and easy. You’ll receive cash on your invoices within 24 hours.

Our New York City invoice factoring programs are flexible and give your business the ability to grow. Unlike business loans and lines of credit, invoice factoring doesn’t create debt on your balance sheet and is easy to obtain additional financing. The more contracts you win, the more cash you’ll receive.

There are many factoring companies in New York City. Scale Funding is your top choice because of our years of experience, quick approvals, easy setup, same-day funding, and back-office support.

Funding Many Business & Financial Situations

From start-ups to companies that are growing, invoice factoring and accounts receivable financing can provide the cash a business needs.

Slow-Paying Customers	Many industries have the issue of waiting for customer payment. If you’re waiting 30, 60 or even 90 days or more to get paid, fill your cash-flow gap with our New York City invoice factoring programs.
Start-Ups	Companies that are just starting up can have challenges obtaining cash from a bank. Our programs can provide start-ups with working capital to run their newly formed business.
Expansion	When your company is growing, you need access to cash to keep up with increasing demands. Accounts receivable financing provides you with a cash-flow solution that keeps growing as you grow.
Credit Issues	If you’ve been turned down by a bank because of maxed credit or less-than-perfect credit, invoice factoring is your solution. We look at the credit of your customers rather than your credit.
Bankruptcy	For more than 20 years, we’ve provided businesses that have filed for Chapter 11 bankruptcy a DIP financing solution, so they’re able to keep their business going.
Tax Liens	Our creative financing solutions give us the ability to fund companies even with tax liens.

New York City Invoice Factoring Programs – Providing Cash Flow to Many Industries

Although many factoring companies in New York City provide cash flow, it’s important to find a company who has expertise in your industry.

Since 1994, Scale Funding has provided factoring solutions to a variety of industries including:

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

New York City

New York City is the largest city in the United States. The population tops both the second (Los Angeles) and third place (Chicago) city’s populations combined. The total population of New York City is approximately 8.3 million people. When broken down into individual boroughs, each borough has a population that ranges from 500,000 to 2.5 million people.

First called New Amsterdam, in 1716 the city was renamed New York City and had a population of 18,000, making it the second largest city in colonial America. New York City was a British Army base until 1783. Post-Revolutionary War, it became one of the nation’s most important ports. In the early days of New York City, the commissioners planned the expansion giving New York the iconic grid layout it still has today.

The Boroughs

The boroughs of New York City are the Bronx, Brooklyn, Manhattan, Queens, and Staten Island. Each of the five boroughs of New York City offers its unique contribution to the city.

History of the Boroughs

The five boroughs of New York City were originally separate cities until the boroughs voted to consolidate into one city to create greater New York City. On January 1, 1898, when the consolidation plan took effect, New York City had a population of 3,350,000 people.

The Boroughs Today

The Bronx houses 1.3 million of New York City’s 8.3 million people. The Bronx is one of the smaller boroughs in New York City, comprised of only 44 square miles. That doesn’t mean that the Bronx lacks in cultural activities. This borough is home to the Bronx Zoo, one of the major zoological parks on the East Coast. Pelham Park is also located in the Bronx. It’s the largest park in New York City and is triple the size of Central Park.

Brooklyn is the most populated borough in New York City, with a population of 2.5 million people. With the large population Brooklyn and has 81 square miles, making it a more densely populated borough. The famous Brooklyn Bridge is located in Brooklyn as are great shopping districts in Williamsburg.

To visit the city’s most famous park, Central Park, Manhattan is the borough to go to. Central Park has 843 acres, making up a good portion of Manhattan’s 23.7 square miles. Manhattan is home not only to the nation’s most famous park but also the Empire State building, the One World Observatory, Times Square, and Broadway. When most people think of New York City, they picture Manhattan’s scenic sites. With a population of 1.6 million, Manhattan is always a busy city.

The New York Mets are the featured team in Queens, New York. Queens has the second largest population in New York City, with a population of 2.2 million people. The large borough is 112.2 square miles making it the biggest section in New York City. Queens is home to the US Open tennis tournament, making it an annual tourist destination for tennis lovers worldwide. Queens also thrives with exotic food and other cultural endeavors such as the Socrates Sculpture Park and the Queens Botanical Garden.

The remaining borough in New York City is Staten Island. Although Staten Island is 60.2 square miles, it has the smallest population of the five boroughs at 470,000 people. Staten Island is only reachable on the free Staten Island Ferry. The Staten Island ferry makes 252 trips per day and hosts over 20 million riders annually. History is just a step away when arriving on Staten Island. There is the beautifully recreated historic Richmond Town, offering visitors a living history of colonial life in New York City. Snug Harbor Cultural Center and Botanical Gardens highlight local maritime culture and history.

The Big Apple

New York State is one of the top apple growers in the United States, which is why many people think New York City has the moniker “The Big Apple.” This popular nickname had nothing to do with the sweet fruit produced in New York but was first popularized by horseracing. The Big Apple was a reference to the racetracks in New York City, which had big prizes and big venues. The Big Apple was adopted by jazz musicians to indicate that New York City was also home to big-league music clubs. Today when someone mentions the Big Apple people instantly think of New York City.

The City that Never Sleeps

New York City is also known as the city that never sleeps. The city got this name not only for late night clubs, drinks, and dancing; but for the laundry list of activities that are available at night. New York City is one of the only cities where people can get a late-night haircut, drop off their laundry, go to an art gallery, or just about any other activity at 2 AM.

Economy

Tourism is a large portion of New York City’s economy. Annual visitor spending tops more than $41 billion. Tourists flock to New York City to see well-known film elements like Times Square. Broadway and Rockefeller Center are also well-renowned tourist destinations. The city hospitality industry reports that hotels maintain 80 percent bookings almost year-round.

Wall Street was at one time New York City’s largest economic driver. The financial sector grew during great expansions of the United States. However, now the economy is shifting towards a more technological base. New York City has an answer to Silicon Valley with its very own Silicon Alley. Silicon Alley is the fastest growing portion of New York City’s economy.

The economy is also driven by transportation, hospitality, and other industries. In New York City there are over 13,000 licensed medallion yellow taxis. The New York City transit or MTA runs over 840 miles of track throughout the city and host 1.6 billion riders annually. The transportation industry in New York City accounts for a major portion of the economy.

Education

New York City is home to over 35 colleges and universities. The schools located in New York City range from public schools to private colleges. There are also several seminary schools. New York City also hosts many colleges dedicated to art and design.

The New York City Department of Education is the largest school district in the United States. The Department of Education serves over 1.1 million students in over 1,800 schools. The Department of Education in New York City employees almost 135,000 people who work full-time.

City Culture and Recreation

New York City has a cultural experience all its own. Each of the boroughs offers something unique about its identity. There are a host of musical events, theatrical events, educational, and art events that the city operates nearly 24 hours a day, seven days a week. This is because of the overwhelming opportunity for the residents and visitors of New York City to participate in cultural experiences that cannot be found anywhere else. From Broadway to Times Square, New York City has something for everyone. That is part of the strong appeal that New York City has for visitors both internationally and domestically.