Factoring Companies in Greensboro

Invoices into Same-Day Cash

Accounts-receivable financing, also known as invoice factoring, speeds up your cash flow by turning your invoices into same-day cash. Instead of waiting 30, 60 or even 90 days for customer payment, send your invoices directly to Scale Funding to get paid almost instantly. We offer some of the highest advances, lowest rates and superior customer service making us your top choice among factoring companies in Greensboro and North Carolina.

While many think of business loans or lines of credit to fund their companies, it’s not always an available, quick or the right cash-flow solution you need to eliminate the wait on slow-paying customers. Here is a quick difference of the funding solutions.

No debt is created /td>

Debt added/td>

Greensboro Accounts-Receivable Financing Programs	Business Loans & Lines of Credit
15 minute approval process	Extensive approval process
Same-day funding	Funding in 1-3 months
Free credit reports on your customers	No credit service
Not dependent on your credit	Dependent on your credit
Financing grows as your sales increase	Financing amount is capped
Invoices serve as collateral	Equipment, inventory and other assets serve as collateral/td>

Why Do Companies Use Greensboro Invoice Factoring Programs?

Companies choose to use our Greensboro factoring company programs because they’re flexible and custom to work with your business needs.

We understand that cash-flow is important no matter what business stage you’re in. From start-up companies to those that are expanding rapidly, we can supply you with a steady stream of cash with our Greensboro invoice factoring programs.

We’re also able to fund those that are unable to get traditional funding from a bank because of credit issues, tax liens and even bankruptcies.

As long as you invoice other businesses and are waiting to get paid, Scale Funding can help. Since 1994, we’ve been B2B companies’ number-one choice among factoring companies in Greensboro and throughout North America.

Industries

We’ve provided a cash-flow solution to many industries where it’s common to have slow-paying customers. Some of these industries include:

Oilfield Services: drilling, equipment rentals, gravel haulers, roustabouts, frac sand suppliers and more	Trucking & Freight: hot shots, intermodal, reefers, heavy haulers, flatbeds, vans, contract haulers and more
Technology: IT services, consulting, network administration, website design, software development and more	Government Contractors: state, local, federal, security, defense, construction, technology and more
Renewable Energy: solar, wind, water, construction, maintenance, operations, site preparation and more	Telecom & Wireless: cell tower construction and maintenance, fiber optic installation, BTS installation and more
Staffing Agencies: general labor, administrative, clerical, healthcare, medical, IT and more	Utility & Pipeline: pipeline construction, pipeline maintenance, utility locators, sewer construction and more
Heavy Construction: environmental services, heavy equipment rental, HDD, crane operating and more	Many More: welding, janitorial services, printing, wholesale, apparel, manufacturing, distribution and more

Greensboro, NC

Greensboro is the third most populated city in North Carolina following Charlotte and Raleigh. According to the latest estimate by the U.S. Census bureau, Greensboro’s city population was around 285,000 which was up approximately 16,500 from the 2010 census. Greensboro is part of the larger Piedmont Triad combined statistical area which includes Greensboro, Winston-Salem, and High Point and had an estimated population of 1.6 million. Greensboro also has a metro area that includes Greensboro and High Point which made up 724,000 of the Piedmont Triad population.

Greensboro has an active economy with industry sectors including aviation, manufacturing, life sciences, business services such as banking, credit, financial services, and data centers, and transportation and logistics. The Greensboro Partnership Economic Development has created what they call a multi-faceted cluster strategy to draw in more and more top performing companies to the city. VF Corporation, a Fortune 500 company, has its corporate headquarters in Greensboro and is a leader in jeans, outdoor products, image apparel, and sportwear.

Because of the numerous innovative aviation companies, the Piedmont Triad International Airport, and the aviation education facilities in the city, Greensboro is seen as a leader in aviation for the Southeast region of the United States. TIMCO Aviation Services is the nation’s largest independent third-party maintenance and repair provider with headquarters in Greensboro. Honda Aircraft Company recently named Greensboro as the site for its world headquarters and manufacturing location known for the HondaJet. Finally, the training programs at T.H. Davis Aviation Center and Andrews High School Aviation Academy provide preliminary and professional education and training for future aviators in the area.

Technology has become a growing sector in Greensboro with a large rise in technology infrastructure facilities. The city boasts power reliability, dual-feed capacity, low utility costs and low risk of natural disasters, all of which are very important characteristics that make the perfect climate for network-provider data centers. Mission-critical facilities and call-center operations add to this sector for the same reasons listed. RFMD, headquartered in Greensboro, is the nation’s largest manufacturer of amplifier chips and integrated circuits for wireless communications.

According to the Greensboro Chamber of Commerce, Greensboro is midway between New York and Miami, making it the ideal transportation hub. They also report that more than half of the U.S. population can be reached within 650 miles of the city. Greensboro offers access to eight different major highways which is one of the main reasons that FedEx and UPS both have large distribution operations there. The Piedmont Triad International Airport is home to more than 50 companies including FedEx Express and UPS which both sort tens of thousands of packages per hour in their respective facilities.

History

Prior to European settlement, the area where present-day Greensboro sits was a land inhabited by Saura and Keyauwee Indians. German, Quaker and Scotch-Irish settlers from northern colonies began to slowly trickle into the area, and in 1740 permanent settlement was established. The Quaker settlers made their mark on the area early on by setting up religious meetings, eventually drawing Quakers from all over the county. During the American Revolutionary War that began, the city was threatened by the British Army. Major General Nathaneal Greene commanded rebel Americans at the Battle of Guilford Court House in 1781 and even though they lost, made a big dent in British forces. Greensboro was named after General Greene even though the last letter “e” was left out of the official name.

Following the war, Greensboro’s evolution from thick forests began. Six main intersecting streets were laid out while a courthouse was built at the center. In the early 1840s, Greensboro was chosen as a stop on the new railroad line being built through the state. The railroad installation improved access to other cities and helped to increase the population. The city became known as the “Gate City” because of its newfound transportation hub for the state and the eastern coast. Cotton textile mills and other goods factories were set up in and around the city, creating a need for working housing. With the success from textile sales and cotton trade came wealthy business owner’s quests to build large buildings in the city. Several mansions and estates were developed during this time.

During the 1860s the city survived another war, the American Civil War, with little notice of the residents save the food and supply shortages. Greensboro was unknowingly written into the history books when Confederate President Jefferson Davis and cabinet fled to Greensboro during an evacuation. Because they separated after arriving in Greensboro, the city is known as the last place where the entire Confederate government convened as a group.

By the 1890s business was beginning to run as normal and growing with more interest from northern industrialists. Moses and Caesar Cone established larger Scale textile plants which catapulted Greensboro on the manufacturing map. The city’s development took off during this time with the addition of a new courthouse, Methodist church and the University of North Carolina at Greensboro. Other manufacturers began to pop up in the city including Vicks Chemical Co., Carolina Steel Corporation and Pomona Terra Cotta Works. Exponential growth took place, even through the Great Depression.

Education

The Greensboro area is home to more than 25 colleges, universities, and higher education institutions. The most prominent include the University of North Carolina at Greensboro, North Carolina A&T State University, Virginia College – Greensboro and Guilford Technical Community College.

Culture and Recreational Activities

Performing Arts
Greensboro has an active performing arts community that includes many festivals, concerts, plays and other events each year. The Carolina Theatre of Greensboro, the Greensboro Ballet, the Livestock Players, the Greensboro Children’s Theatre, the Greensboro Concert Band and the Philharmonia of Greensboro are a just a few of the very talented companies in the city.

Recreation
Greensboro is rumored to have gotten its name from all of the greenery in and around the city and even though untrue, the city does have many beautiful outdoor venues to visit. The Bog Garden, Bicentennial Garden, Greensboro Center City Park and Greensboro Arboretum are some of the city’s most popular recreational attractions.

Sports
The Greensboro Coliseum Complex is a multibuilding facility that hosts many events annually and have included basketball, hockey, and figure skating championships. The Yadkin Bank Park is another field in the city where the Greensboro Grasshoppers Baseball Club play. The Greensboro Swarm (basketball), Gate City FC (soccer), Carolina Dynamo (soccer), Triad Rugby Club and Greensboro Roller Derby round out the city’s minor league sports teams.

Many notable people have called Greensboro home including singer Chris Daughtry, author Nicholas Sparks, First Lady Dolley Madison, and Tanger Outlets founder Stanley Tanger.