Get cash to pay off big bills before you get hit with extra fees for late payments. Get control of your cash flow so you can always make payroll, pay owner-operators, and keep your trucks moving. We offer month-to-month financing programs based on your business needs. Contact our factoring experts today to find out how Scale Funding can help your business get net sales the cash you need.
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To explore the value of your ScaleFactor shares, create a free account to access Forge’s marketplace. Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while ScaleFactor is still private. If you’re considering selling, you can register today for free to get started. Once registered, you can evaluate pricing insights and market activity to inform your decision, then post your shares for sale and set the terms, like quantity and price—all directly through our platform. As with any type of small-business financing, reviewing multiple options can help you make sure you’re getting the best terms and lowest fees. To get factoring from Scale Funding, you can fill out a form on the company’s website or call and speak with a business representative.
Francisco Valesco Payan
Unlike traditional bank financing, factoring isn’t based on a loan. As your business grows (and your invoices grow), your line also grows. When you’re in growth mode, you need access to working capital quickly.
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Texas is filled with oil and gas businesses, including water haulers, gravel haulers, fracking service providers, trenching services, roustabout services, and many others. Headquartered here are large companies like Exxon Mobil Corporation, Phillips 66, Valero Energy Corporation, and ConocoPhillips. With invoice factoring in Texas, funding is based on your customers’ creditworthiness, not yours. With invoice factoring, the setup can take as few as three days, giving you working capital to keep up with demand. Your invoice factoring may be considered recourse or nonrecourse factoring. This determines what happens if your customers don’t pay their invoices.
We’re ready to help you get access to the cash you need.
- None of this was known publicly last month, when Rathmann announced that ScaleFactor was closing.
- Our Seattle accounts-receivable financing and invoice factoring programs provide reliable cash flow to companies in a variety of situations.
- With predictable cash flow and professional support from our factoring specialists, you can stay focused on deliveries and customer satisfaction while we handle the collections process.
- Best of all, you choose which invoices to factor and when, giving you complete control over your cash flow.
Invoice factoring and invoice financing sound alike, but they leverage your accounts receivable in different ways.With invoice factoring, you sell your outstanding invoices to a third-party company for a portion of the face value. The company then handles collecting customer payments on your behalf. You still need to collect payment for your outstanding invoices, using the funds to repay the business loan.
- If invoice factoring sounds right for your business, then you can research and compare factoring companies to find the best option for your needs.
- The Scale Funding A/R management team uses their knowledge and experience to identify issues early, and prevent trouble down the road.
- As the demand for clean energy and green energy increases, business and work opportunities for contractors grows as well.
- Yes, subject to any contractual or corporate transfer restrictions, it is possible to list your shares to sell while ScaleFactor is still private.
- Many companies lure you in with the promise of incredibly low rates, only to add extra fees afterward.
If you need fast funding, eCapital aims to verify and pay your unpaid invoices within the same day, as long as you submit before 10 a.m. However, this option comes with slightly higher fees.Learn more about eCapital. If you need funds fast, Riviera Finance guarantees payment within 24 hours of verifying and approving your unpaid invoices.Learn more about Riviera Finance. Investing in private company securities is not suitable for all investors, is highly speculative, is high risk, and investors should be prepared to withstand a total loss Accounting Errors of their investment. Private company securities are highly illiquid and there is no guarantee that a market will develop for such securities.
- Factoring is an extremely effective financial tool for receiving fast working capital, meeting payroll, purchasing equipment and fueling business growth.
- Instead of invoicing your customer, you send the invoice to Scale Funding.
- Scale Funding’s ownership is not changing as part of the rebrand and the company will continue to employ the same team in supporting clients in the staffing, trucking, oil and gas, and telecommunications industries.
- “Full service” factoring usually includes free credit and collection services, which helps you decide what customers to work with and gets your invoices paid quicker.
- The core business is the timely delivery of documents and packages to its customers worldwide.
If you choose non-recourse factoring, the factor will charge more for the added credit risk. Qualifying and receiving approval for factoring is a fast and straightforward process that takes only a matter of days. One critical difference between factoring and a loan is the credit standards. Factoring companies determine approval based on the credit and payment history of the client’s customer. There are three common factoring rate types; flat, tiered, and prime plus. Factoring rates are calculated based on several variables, including monthly invoicing volume, industry, and customer payment trends.
Once you’ve submitted an invoice, you can receive funds as fast as the same day. Although factoring fees do vary from company to company (the average fees landing somewhere between one and five percent), the best indicator of what your rate will be is volume. Companies that bring in higher monthly volume tend to have lower rates and vice versa.
Our contracts are month-to-month, so you are not locked into a long term agreement. There is also the option of long-term contracts, which can include price breaks or flexible rates. As ScaleFactor expands its team it’s also looking to expand its product scalefactor offering.