Factoring Companies in Salt Lake City Provide Financial Support
Is your Salt Lake City business in need of working capital to grow? We can get your businesses the funds it needs to make payroll and afford other monthly expenses with invoice factoring. Factoring companies in Salt Lake City can get your businesses advanced payments on your open receivables. We listen to what you are looking for and match you with one of the best factoring companies in your industry and niche.
How Does Invoice Factoring Work?
Invoice factoring is the best way for small businesses to get the funding they need to grow. Once we match you with one of the best factoring companies in Salt Lake City, you can begin the approval process. Once approved, your business can begin factoring. Simply send the open invoices to the factoring company and they will advance your business up to 95% of the invoices and hold the rest in a reserve. Once your customers pay the invoices, the factoring company will release the reserve to you minus a factoring fee.
Industries in Your City
Is your business outside of Salt Lake City? Whether your business is in Provo, West Jordan, or any other city in Utah, we can get your business the funding it needs.
Retail: Salt Lake City has the largest retail market in Utah. We can get your retail business set up with the funds to cover slow-paying clients.
Finance: SLC also has a large financing market. If your business needs the funds to cover payroll, we can get your business funded today.
Tourism: Does your tourism business need funds to expand into new markets? We can help with this. Even if factoring isn’t in your business needs, we offer other types funding options that may be right for you.
When to Start Factoring?
If you think that invoice factoring will help your business, the sooner you start the better! Slow-paying clients can put a damper on your businesses success. When your business is waiting 30-60 days to get paid, you have a lot less working capital. When bills start piling up for the month and you’re still waiting on payment, it can be hard to keep your business afloat. Let us get your business set up with one of the best factoring companies in Salt Lake City. Give us a call or fill out a form and we will get you partnered in just a few minutes.
Beehive State Facts:
Salt Lake City is home to the first Kentucky Fried Chicken.
Salt Lake City gets its name because the lake has no outlets. There is nowhere for the water to go, leaving all the salt behind when evaporated.
The Great Salt Lake is the longest largest lake west of the Mississippi.