Salt Lake City Factoring
Receivables factoring in Salt Lake
Salt Lake City has a thriving economy due to the the state’s policies that promote private sector and job growth, for both high-tech and middle-skill industries. SLC is strategically located between major western and eastern commercial routes, so it’s no surprise that it has a number of factoring companies that specialize in trucking and freight factoring services. Call centers love the Salt Lake City and Utah areas because of the mild western accent and pleasant tone of Utah natives that is easily understood all over the United States.
Invoice financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. The factoring company buys your invoices and sends you cash within 24 to 48 hours. Rather than sinking into debt and making loan payments, invoice factoring is similar to a bank line of credit. You also get to enjoy the many benefits of receivables factoring that banks don’t offer.
Factoring companies can approve your application within 3 to 10 business days. Often, you can get your first funding within another 1 or 2 days, making invoice factoring a quick and easy process.