Factoring Companies in Galveston

Speed Up Your Cash Flow with Invoice Factoring

Invoice factoring (accounts receivable financing) is a financing solution that speeds up your cash flow and eliminates the wait on customer payment. Scale Funding is proud to be the top choice among factoring companies in Galveston and Texas. We make the process of speeding up your cash flow simple and quick. Once you’re quickly approved and set up for a customized program, send your invoices to us and get paid same day.

Companies in a variety of business stages and situations use our Galveston invoice factoring programs to obtain the working capital they need to meet payroll, catch up on bills, and expand their operations.

From start-up companies to growing businesses, invoice factoring can work for you. Even if you have no credit, less-than-perfect credit, or maxed credit you can easily qualify for a factoring program as the approval is based on your customers’ credit rather than yours.

Get Approved for Factoring in 15 Minutes

Invoice Factoring versus Business Loans

While business loans are a common financing solution, there are many advantages to using invoice factoring instead. First, since invoice factoring is not a loan, no additional debt is created. Second, companies that don’t qualify for a business loan can easily qualify for factoring. And lastly, invoice factoring grows with your business, whereas loans have a cap and it is difficult to get approved for more capital.

Industries We Serve

Since 1994, Scale Funding has provided Galveston accounts receivable financing programs to many industries. Throughout North America, we’ve funded companies in a variety of industries including:

Oilfield Services

• Gravel Haulers
• Frac Sand Haulers
• Site Preparation
• More

Trucking & Freight

• Tanker Fleets
• Dry Van Carriers
• Heavy Hauling
• More

Staffing Agencies

• Medical
• Administrative
• Clerical
• More

Utility & Pipeline

• Utility Services
• Pipeline Construction
• Pipeline Maintenance
• More

Telecom & Wireless

• Tower Installation
• Tower Erectors
• Tower Maintenance
• More

Heavy Construction

• Fabrication & Welding
• Environmental Services
• Bulk Material Handlers
• More

Technology

• IT Services
• Web Design
• Software Development
• More

Renewable Energy

• Site Preparation
• Wind Farm Maintenance
• Solar Project Installation
• More

Government Contractors

• Federal, State & Local
• Security
• Transportation
• More

Other

• Apparel
• Distribution
• Wholesale
• Other

Galveston, Texas

The state of Texas boasts a decent number of coastal resort cities, one of them being Galveston. This beautiful city is located on the Galveston and Pelican islands and has a population of over 50,000 people who call the city home. Galveston is in Galveston County, and despite being second in terms of size, it is the county’s seat.

History

This picturesque resort city is named after Bernardo de Gálvez y Madrid, a Spaniard who was born in Macharaviaya in Spain. He was the Count of Gálvez. The initial European settlements on Galveston were built around 1816 by a French pirate known as Louis-Michel Aury. The settlements were built to aid the weakening Mexico in the war against Spain.

In 1825, The Port of Galveston came into being following Mexico’s independence from Spain. It served as the main port for the Texas Navy in the Texas revolution. Later on, the city was established as the capital of the Republic of Texas.

Galveston’s continued growth led to it becoming a major United States commercial base during the 19th century. It also became one of the largest ports in the country. It was the largest city in Texas until the 1900 Galveston Hurricane ruined it. The city was not able to withstand the flooding and storm that accompanied the hurricane. It is estimated that 6,000 to 12,000 people lost their lives in the hurricane. Galveston was later rebuilt, and it became a popular tourist destination as well as, unfortunately, a base for illegal gambling.

Economy

Galveston earns the bulk of its revenue from:

• Tourism
• Shipping
• Healthcare
• Financial Industries

The University of Texas Medical Branch Campus is located in the city and has a population of over 2,500 students. Galveston also hosts six districts which are recorded in the National Register of Historic Places. These are districts that any visitor to the city would want to visit.

Galveston is also home to the American National Insurance Company which is one of the largest in the United States. The company, which offers life insurance coverage, has operations in every US state. It has also spread out to countries outside of the United States like Puerto Rico and Mexico.

The city also hosts the Moody National Bank, a privately owned bank which is one of the largest in the nation with over 12 billion dollars in assets. Furthermore, the United Fire and Casualty Company has its headquarters in the city of Galveston.

Culture and Art

Visitors always want to know where they can get their art or culture fix as well as where they can go for entertainment. There is plenty to see and do in Galveston. Consider the following:

• Galveston Arts Centre
• Galveston Artwalk
• Galveston Symphony Orchestra
• Galveston Ballet
• Galveston Artist Residency
• The National Hotel Artist Loft

The Galveston Arts Centre was established in 1986 as a non-profit organization. It is also a non-collection arts outfit which features artwork mostly by artists based in Texas. It offers support to the artists in the form of educational workshops and outreach plans. There is also the Galveston Artist Residency which offers studio space and some earnings, every year, to three visual artists.

The Artwalk is organized every six weeks, preferably on Saturday evenings. The Galveston Arts Centre is in charge of organizing this event, and it releases a brochure which gives details of the venues, exhibits, and shows. Artists and art lovers would find this a worthwhile event to attend. There is also music in addition to the art on display in galleries and studios. Artists also show their art on outdoor avenues like the Art Market located on Market Street, as well as designated walls.

Music lovers will get their treat by attending a performance by the Galveston Symphony Orchestra. The ensemble consists of both amateur and professional musicians directed by the renowned maestro Richard W. Pickar. The orchestra was established in 1979. The chances of experiencing an opera are quite good. There is also the Galveston Ballet to look forward to. The company offers an annual full-length classical ballet performance every spring hosted by the Grand 1984 Opera House.

Climate

Galveston is known for its hot summers. Temperatures often go beyond 90 degrees Fahrenheit, and the humidity can push the heat index even higher. South and southeast winds bring in moisture from the Gulf of Mexico.

The winters are however bearable. The temperature can rise above 60 degrees  Fahrenheit in January and go to lows of 50 degrees. Snow is a rare occurrence. There was a blizzard in February of 1895 when approximately 15.4 inches of snow fell. That is the largest amount of snow recorded to date for the city.

The city experiences an annual rainfall which has been known to go up to 50 inches. Hurricanes which are a constant threat during the summer and the fall. As a result, Galveston has been put in the Coastal Windstorm Area. Security measures have been put in place, but the shoreline remains a place to watch during hurricane season.

Galveston is a treasure trove for the arts-inclined and also lovers of history. Tourists throng the city during peak seasons and enjoy the pleasures served up by the beautiful city.