Factoring Companies in Alexandria

Fund Your Business with Invoice Factoring

Many business owners are unaware that they are sitting on an immediate source of funding. With accounts-receivable financing, which is also called invoice factoring or receivables financing, companies can get the funds they need in 24 hours or less.

The process is simple. A factoring company like Scale Funding provides a same-day, competitive advance on your invoices, right into your bank account. Instead of you waiting for payment, we wait weeks, even months for payment. When payment is received, we provide the remainder, less our low factoring discount.

With our Alexandria invoice factoring programs, we can get you set up and funded in as little as three days. A bank loan or line of credit requires your time and resources for approval. Scale Funding is your top choice among factoring companies in Alexandria and Virginia because we make the process simple. Contact us to talk about it. We can get you approved in as little as 15 minutes.

Financing for Industries Far and Wide

Since 1994, Scale Funding has met the funding needs of businesses in a broad range of industries through our Alexandria accounts-receivable financing lines. Over the years we have made connections with the major players in your industry, as well as thousands of other companies. When it comes time for payment, our professional collectors monitor your account and speak with your customer in a way that strengthens your relationship. Our account administrators are well-trained on the invoicing process in your industry, and know what your particular customer expects.

We make it our business to understand your industry, no matter how unique. Below are some of the many B2B industries we have worked in over the years:

• Trucking & Freight
• Staffing
• Oilfield Services
• Government Contractors
• Renewable Energy
• Telecom
• Technology
• Heavy Construction

What Is Your Need for Financing?

Invoice factoring is often mistaken as a solution for certain companies only. While there are industries that commonly use factoring, this is not at all the case for the types of business situations that factoring helps.

Whether you are dealing with slow-paying customers or are preparing for expansion and growth, Scale Funding is your top choice for business financing because we believe in building strong partnerships with our customers.

What’s more: we tailor our financing to meet your business needs. We even have monthly programs that adjust based on your monthly business volume changes, which is ideal for businesses in fluctuating industries and new companies. At Scale Funding, we make knowing your business our business.

Alexandria, Virginia

The city of Alexandria is located in Virginia, just a few miles south of Washington D.C. It is a charming small town with an estimated population of only 155,000 people spread over 15.5 square miles. Alexandria’s small neighborhoods play a significant role in enhancing this city’s walkability and livability scores.

This city is set along the western edge of the Potomac River, offering residents and visitors uninterrupted stretches of beautiful scenery. Since its establishment, Alexandria has become a hub for both public installations and private corporations in the region.

On its own, Alexandria has a rich historical legacy that has melded seamlessly with modern amenities. However, its proximity to the nation’s capital has also influenced its development in significant ways. It is now one of the most high-income regions in the state of Virginia.

The city’s historic center is called Old Town. Not only does it house old buildings and theaters, but it also features a large concentration of dining and retail outlets. Old Town is a major draw for tourists.

History

Robert Howsing was granted 6,000 acres in the Colony of Virginia in 1669. This expanse of land later became Alexandria City. In 1730, the colony passed a Tobacco Inspection Law that required inspection of all locally-grown tobacco before sale. This inspection would only be carried out in public warehouses set aside for that use. One such warehouse was located in Hunting Creek, right on the bank of the Potomac.

After long-standing boundary issues had been settled in 1745, the Ohio Company of Virginia was founded by some of the gentries from Fairfax County. The purpose of this company was to move trade into America’s interior. Their push to use the Hunting Creek warehouse as a base for their trading center planted the seeds that grew into the development of Alexandria town. A further donation of 500 acres by Captain Philip Alexander helped to anchor this new town. However, Alexandria was not officially incorporated as a town until 1779.

Between 1828 and 1836, the Franklin and Armfield Slave Market was based in Alexandria. This was a dark time in its history, as this slave market was the largest in America. At its height, the market sold more than 1,000 slaves every year throughout the country. It was finally abolished after the Civil War. Because of this, the Alexandrian economy suffered greatly. In a move to reverse its financial misfortune, the area was retroceded to Virginia in 1846. It was then re-chartered as an independent city in 1870.

Economy

After Union soldiers had taken over Alexandria, the city was flooded by newly-freed African American slaves. It became a hub of relative freedom and employment for them. It was during this war that Alexandria also became a major player in transportation along the Potomac, a role it still holds today. By the start of the 20th century, Alexandria’s economy was based on the production of glass, beer, fertilizer and leather. However, prohibition effectively crippled the city’s burgeoning brewery industry. In 1955, Ford moved their operations from Georgetown to Alexandria. This marked the beginning of the prominence of industry and manufacturing to this city’s economy.

Today, Alexandria is home to numerous government installations and defense contractors. The major federal employers in this city include the U.S. Department of Defense, Homeland Security, the Department of Commerce, Department of Agriculture, the Pentagon Federal Credit Union and the U.S. Patent and Trademark Office.

The top private employers here include the Institute for Defense Analyses, InnovaCare Health Systems, Grant Thornton, VSE, Home Depot and Giant Food. You can also find numerous manufacturers here, including the Alexandria Torpedo Factory, Kenfair Manufacturing Co. and Port City Brewing.

Various trade associations, nonprofits and charities also have their headquarters in this city. These include the American Diabetes Association, Salvation Army, the International Center for Missing and Exploited Children and the National Beer Wholesalers Association, among many others.

Leisure and Culture

Apart from miles of beautiful river views, part of Alexandria’s charm lies in the vast greenery dotted across its landscape. More than 70 major parks are distributed over an estimated 950 acres throughout the city. A lot of these great spaces provide other recreation options like tennis, swimming and other sports. The largest of these centers in Chinquapin and Cameron Run Regional Park. City residents can also take advantage of various scenic biking and jogging paths, such as the popular Mount Vernon Trail.

Alexandrians can also take advantage of any of the four public libraries here to find new and old literature. The library system provides various services related to accessing material for different age groups, genealogical records and even ebooks and audio books. They also provide free public access to the Internet and Wi-Fi.

Alternatively, one can tour one of the many sites of historical significance found in Alexandria. These include the Alexandria Black History Resource Center, Jones Point Light and Fort Ward Park and Museum. The Torpedo Factory Art Center, the Masonic National Memorial and Observation Deck, Lee-Fendall House, the Virginia Theological Seminary, the Little Theatre of Alexandria and Market Square are among the other landmarks that are peppered across this city.