Summit Financial Resources is a Salt Lake City factoring company that provides invoice financing to small and medium-sized businesses in a broad range of industries. We provide cash flow solutions to companies requiring a financing structure that cannot be provided by banks or other commercial finance sources. We understand the challenges of operating a business in today's competitive environment, and our ability to be a responsive, flexible financial partner separates us from our competition.
Invoice Factoring can improve your cash flow significantly similar to a bank line of credit, yet without having to take on debt. The receivables factoring process is very simple. We give you a line of credit using your outstanding invoices as collateral. We advance you the funds up front so you don't have to wait to collect your receivables. Your advance is paid as your customers pay those invoices.
Summit Financial provides these invoice factoring benefits:
- Credit lines from $100,000 to $4 million
- No application fees for accounts under $250,000
- Advance rates up to 90%
- Not required to factor all your invoices
We welcome the opportunity to work with you. We believe our unique, experienced approach to our business, combined with our financial strength, makes Summit Financial Resources a superior source of financing. Our success is proven by the long-term relationships we build with our clients, which in turn allow them to be successful.