Factoring Companies in San Antonio

Benefits of Factoring Companies

Invoice factoring, also referred to as accounts receivable financing, is a funding solution many companies use. Instead of waiting to get paid, invoice factoring pays companies same-day.

While there are many factoring companies in San Antonio, Scale Funding offers several added benefits.

First, our invoice factoring programs are quick to get approved for. Our financial experts can approve you in as little as 15 minutes. Once you’re approved, the setup process is quick, easy and free.

Once you’re setup with our custom San Antonio invoice factoring program, we’ll get you funded quickly. Once we receive your invoice, we’ll immediately transfer up to 95 percent of the invoice total directly into your bank account.

While we wait to collect payment for your customer on your behalf, you’ll have working capital to get caught-up on bills, meet payroll and invest in new resources. Once your customer pays the invoice in 30, 60, 90 days or more, we’ll remit the remaining amount back into your account, minus our low, guaranteed factoring fee.

Why Scale Funding?

While there are many factoring companies in San Antonio to choose from, Scale Funding offers custom programs to fit any business situation.

You need quick cash.	If your business needs quick cash, our San Antonio accounts-receivable financing programs provide you with just that.
You’re expanding.	If you’re expanding quicker than your cash is coming in, turn to Scale Funding. We pay you the day you’re ready to invoice.
Your credit is less-than-perfect or maxed.	Don’t worry about your credit issues if you’re thinking about using our San Antonio factoring company program. We’ll look at the credit worthiness of your customers instead.
You’re waiting to get paid.	Many industries have to deal with slow-paying customers. Invoice factoring takes away this problem by paying you same-day.
You’re a start-up.	Start-ups need access to working capital to get off the ground running. If you need the cash to accept more jobs, contact us. We’ll get you access to the working capital you need.
You were turned down by a bank.	If the bank turns you down because of tax liens, credit or any other reason, you still have options. When the bank says “no,” Scale Funding says “yes.”
You filed for business bankruptcy.	If you’re in need of cash to get back on your feet after a business bankruptcy, look no further. For more than 20 years, we’ve helped companies get reestablished through our San Antonio factoring company programs.

Expertise

Scale Funding has a team of knowledgeable professionals ready to help you with your cash flow. Since 1994, we’ve helped a variety of industries.

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

San Antonio

San Antonio is the 7th largest city in the United States and the second largest in Texas following Houston. According to the latest estimate by the U.S. Census bureau in 2015, San Antonio’s city population was around 1.5 million. San Antonio is part of the larger San Antonio-New Braunfels metro area which had an estimated population above 2.3 million in 2015. The metro area has grown at a rate of 2 percent or more since 2010 with no signs of slowing down. There are many reasons for the sudden growth.

Economy

San Antonio’s economy is very diverse with several distinct industries including manufacturing, aerospace, bioscience, information technology, new energy economy, financial services and military/defense. San Antonio has five Fortune 500 company headquarters including financial services company USAA, refining giant Valero Energy, fuel marketer Tesoro Corp., convenience store operator CST Brands Inc., and radio and billboard company iHeartMedia.

Information technology and cybersecurity are big industries not only in Texas, but also San Antonio. San Antonio’s piece of the pie is comprised of over 34,000 IT professionals and generates over $10 billion dollars per year through more than 1,000 IT companies. San Antonio is number two in the nation for Information Assurance behind Washington D.C. and is home to many defense agencies including multiple Air Force and Army branches, FBI, NSA, U.S. Secret Service and the Department of Homeland Security. The IT products sector includes manufacturing of computers, electronic equipment and components. The IT service sector is the third piece and includes custom programming, internet services, web hosting, training and repair. This sector is the largest piece of the IT industry in San Antonio as a whole and provides up to 80 percent of the jobs available.

The financial services industry is another major industry in the area employing more than 60,500 persons and is the most stable and impactful to the economy. This industry is split up into banking and credit, investments, insurance, funds and trust, and accounting and bookkeeping. Frost National Bank is the largest bank in the area with a total of $20 billion in deposits and $23 billion in assets overall.

Another very sizable industry sector is bioscience and medical, with over 164,537 reported employees in 2013 and a combined $7.6 billion in wages paid. The industry includes research institutions, education programs, biotech companies, and direct healthcare services such as hospitals, physician’s offices, nursing homes and clinics.

Finally, with four area military base locations, the military and defense sector is among the largest in San Antonio. The four bases, which include Randolph AFB, Fort Sam Houston (army), Lackland AFB, and Camp Bullis, contribute 65 percent of the total military GDP for the state of Texas.

History

The area that is now present day San Antonio was first occupied by the Yanaguana Indians and later explored by the Spanish from 1691 to 1709. The first Spanish explorers dubbed the area San Antonio, an homage to St. Anthony. The actual founding of the city was performed by Father Antonio Olivares with the official name of Mission San Antonio de Valero. Directly following this establishment was the addition of five more Spanish missions which were chartered by the Canary Islanders, all located along the San Antonio River. By 1749, the Spanish Governor’s Palace was built and the San Fernando de Bexar Church was added in 1758. By 1778, the population of the area grew to 2,000 which was made of Indians and settlers. The Spanish missions were all delegated tasks to separate them while the Mission Antonio de Valero became the military barracks. After this split in organization came a long period of war.

During the Texas Revolution, San Antonio was the site of several important battles including the Siege of Bexar in December 1835 and the Battle of the Alamo in 1836. The Battle of the Alamo would become one of the most memorable pieces of San Antonio history. During the Battle, 189 Mission defenders held the Alamo against approximately 4,000 Mexican troops for 13 days. Over the course of the next 10 years, battles ensued as San Antonio was juggled between Mexican and Texas occupation and management. After Texas entered the Union, a little more stability came to the area as well as rapid growth due to the servicing and distribution center established there. By 1850, the city’s population had grown to 3,500 and almost triple that size within the decade.

With the secession of Texas and the end of the Civil War, San Antonio began to flourish as cattle, distribution, mercantile, and military efforts in the area served the entire Southwest region. The city became the southern supplier hub of the cattle drives as well as had a developing market for merino sheep wool in Hill Country. All of this growth multiplied exponentially with the addition of the Galveston, Harrisburg, and San Antonio Railway in 1877 which was the area’s first transportation system. By 1900, San Antonio had become Texas’ largest city with more than 50,000 residents.

The charm and draw of present day San Antonio for tourists lies in the upkeep of the old Spanish walls, décor, Victorian-style mansions, and historic Spanish buildings and artifacts.

Education

The San Antonio area is home to more than 31 colleges, universities and higher education institutions. The most prominent include University of Texas at San Antonio, Wayland Baptist University, Texas A&M University – San Antonio, and the Alamo Community College System.

Culture and Recreational Activities

Tourism
Every city has tourist hot spots but San Antonio is jam packed full of them in many different varieties ranging from theme parks and a zoo to historic sites and natural parks and rivers. The top attraction of San Antonio is the Alamo, where the aforementioned historic battle took place. The Alamo is located downtown, as well as the second biggest attraction, the River Walk. The River Walk is a landscaped path stretching over 13 miles along the San Antonio River and is lined with shops, restaurants, bars, a mall and a theater. The River Walk is also decorated with thousands of lights during Christmas and the New Year holiday.

Culture
The downtown area features many historic sites that have been maintained over the years as a preservation of the Spanish culture that San Antonio was built on. Key sites include the San Fernando Cathedral, La Villita and the Spanish Governor’s Palace. Spanish food restaurants throughout the city serve up all of the staple dishes loved by the locals. San Antonio is also home to several museums including the first museum of modern art in Texas, the McNay Art Museum, as well as the Briscoe Western Art Museum, Buckhorn Saloon & Museum and the Texas Rangers Museum.

Sports
San Antonio is home to two national sports teams, the San Antonio Spurs (NBA) and the San Antonio Stars (WNBA) and as you can imagine, the Spurs have the support of the whole area. The Spurs and Stars play at the newly named AT&T Center, which also hosts the San Antonio Rampage (American Hockey League). Two minor league teams in the area are the San Antonio Missions (baseball) and the San Antonio FC (soccer). Lastly, there are two rugby union teams which are the Alamo City Rugby Football Club and the San Antonio Rugby Football Club.

Many notable people have called San Antonio home including president Dwight D. Eisenhower, actor Tommy Lee Jones, basketball legend Shaquille O’Neal, and famous Texas singer/songwriter Pat Green.