Cash is the fuel companies run on. Having cash on hand when it’s needed is vital to operating a business. With maxed-out lines of credit, cash is no longer available, and a company can come to a grinding halt. Access to immediate cash is why invoice factoring is the solution for maxed-out lines of credit.
Banks set limits on lines of credit, based on the borrower’s credit profile. These limits are monitored closely and can be difficult to adjust. Compared to a bank line of credit, factoring provides companies with a dependable source of cash. Factoring lines aren’t based on the borrower’s credit but are based on their customer’s credit and ability to pay.
Throughout the United States, many companies use invoice factoring or accounts receivable financing as an alternative to bank lines of credit. These companies use cash from factoring to purchase equipment, take on more work or to keep the business operating efficiently.
Bank lines of credit are useful financing options for many companies. But for many companies, securing an adequate line of credit can be a challenge. What happens when the line is maxed out or reduced because of tighter lending policies? Cash is no longer available and the business suffers.
If you need alternative business financing with maxed credit, factoring may be the ideal solution. A factoring line is based on the work your company does. Factoring with Scale Funding will provide a competitive advance on the value of your invoices. You use this money as you see fit; buying supplies, making payroll, whatever your business requires. Once we collect on the invoice from your customer, we’ll send you the remaining balance, less a small fee. Factoring enables you to use the money that’s owed to you much sooner, and you don’t take on more debt.
Scale Funding offers companies the cash they need when it’s needed. Since 1994, companies from a range of industries and a variety of services have turned to Scale Funding for factoring. Our industry knowledge and reputation for service have made us a leader in the factoring industry. Companies searching for an option to maxed-out lines of credit choose Scale Funding.
If maxed-out lines of credit have slowed your company down, call Scale Funding at 800.707.4845, or contact us now.
Accounts receivable factoring, also known as invoice factoring, is a form of financing where a company sells its outstanding receivables for a cash advance. Scale Funding will provide a competitive advance on the value of the receivables. Our clients use the advanced money as they need. The remaining balance is remitted, less a small fee when Scale Funding receives payment on the receivables from the client’s customer.
In addition to the cash flow, Scale Funding has valuable services which benefit clients. These services include online reporting, customer credit analysis, accounts receivable management, and more. The staff at Scale Funding have the expertise and experience to help clients on their road to success.
At Scale Funding, we know company leaders are focused on driving their business towards success. We understand that taking the attention away from the work at hand is counter-productive. We eliminate complications and offer a speedy setup process. With Scale Funding, getting set up for accounts receivable factoring is as easy as 1-2-3.
Step 1 – Get a Quote
The initial step in securing a factoring line is to speak with a Scale Funding representative. We’ll discuss your cash flow situation and needs, and we’ll offer a free, no-obligation consultation and quote for a factoring line. Our simple and straightforward underwriting guidelines allow most customers to receive written quotes in 30 minutes or less. All factoring quotes are customized for the specific needs of the client. We’ll work to make certain the factoring line meets your requirements.
Step 2 – Submit Invoices and Related Documents
Once a factoring line is agreed upon, we’ll schedule your first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the setup process, we’ll walk you through the agreement and discuss your invoices and any related materials.
Step 3 – Get Cash for Your Invoices
When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.
As a leading provider of factoring lines since 1994, Scale Funding is the right choice for companies limited by maxed-out lines of credit. If lack of available cash is holding back your business, talk to a Scale Funding representative today and find out how factoring can become part of your success.
Factoring with Scale Funding is a Solution Business Financing With Maxed Credit. Call (800) 707-4845, or Contact Us Today!