Salt Lake City Factoring Companies

Salt Lake City Factoring Companies

See all the factoring companies in Salt Lake City. Each FactoringClub listing has descriptions, terms, credit facilities, featured services and more.

Summit Financial

Summit Financial Resources

2455 East Parleys Way, Salt Lake City, UT 84109, USA
$100,000 - $4,000,000
Summit Financial Resources provides working capital financing to small and medium-sized businesses in a broad range of industries.
Diversified Transportation

Diversified Transportation Finance

3100 West Pinebrook Rd., Park City, UT, United States
$10,000 - $10,000,000
Diversified Transportation Finance started in 1986 and has assisted small and mid-size businesses for decades.
Affiliated Funding

Affiliated Funding Corportation

6924 S 2300 E, Salt Lake City, UT 84121, USA
$5,000 - $5,000,000
AFC has been providing working capital solutions including purchase order financing and accounts receivable financing to the Western U.S. since 1994.

Salt Lake City Invoice Factoring

Small businesses are using Salt Lake City invoice factoring as an alternative to traditional financing. The thriving Salt Lake City economy is attributed to the state’s government policies that empower the private sector and advocate job growth in both high-tech and middle-skill industries. Call centers love the Salt Lake City and Provo areas because of the mild western accent and pleasant tone of Utah natives that is easily understood all over the United States.

The top Salt Lake City industries use invoice factoring:

  • Manufacturing
  • Construction
  • Transportation
  • Warehousing
  • Information Technology

Salt Lake City factoring companies serve industries such as trucking, manufacturing, distribution, technology and most other commercial services (B2B). Some factoring companies specialize in trucking and freight. No matter the industry, accounts receivable factoring is an ideal solution if you don’t qualify for traditional financing. You can get cash in as soon as 5 to 10 business days. Not only do Salt Lake City factoring companies provide factoring services that solve cash flow problems, but they also reduce your overhead costs. You can reduce or even eliminate your in-house personnel for receivables management and collections.

Benefits of accounts receivable factoring include

  • No waiting for receivables collections.
  • Reliable and steady cash flow.
  • Immediate cash to pay suppliers and employees.
  • No debt or loan payments.

Businesses looking for accounts receivable factoring should research factoring companies. Factoring Club is the best source of information to find the right Salt Lake City factoring company.

Work with a Salt Lake City Factoring Company

  • Accounts Receivable Factoring Step One

    Provide Goods or Services to Your Customer

    Deliver your product or complete your service for your customer.

  • Accounts Receivable Factoring Step Two

    Send Your Invoices to Your Factoring Company

    Send your fresh invoices to your factoring company.

  • Accounts Receivable Factoring Step Three

    Get Funded Immediately

    Your factoring company buys your invoices and wires you 80% to 95% of the invoices within 24 to 48 hours.

  • Accounts Receivable Factoring Step Four

    Receive Final Payment

    Your factoring company collects the receivables from your customer and remits the remaining invoice amount less fees to you.

Salt Lake City Businesses benefit from Invoice Financing

Improved Cash Flow

Eliminating your receivables days outstanding significantly speeds up your cash flow.

Receivables Management

All the accounts receivable functions including accounting, collections and reporting are usually done by the factoring company.

Credit Services

Factoring companies typically analyze the credit scores and suggested credit limits for your customers.

No Debt or Loan Payments

Invoice factoring prevents you from incurring risky debt or hassling with loan repayments.

Easy to Qualify

Invoice factoring doesn’t required a history of profitability, spotless credit or a long application process.

Peace of Mind

Stable cash flow gives you the comfort and peace of mind to enjoy running your business.

FactoringClub Resources

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