Bankers Factoring is your Salt Lake City Factoring Company
Salt Lake City, the Salt City, is home to approximately 200,000 residents in the city limits, while the metropolitan area is home to more than 1.25 million residents. Utah’s capital city continues to grow and diversify, making it one of the best mid-size cities in the US and an excellent place for young professionals and families to settle down. Downtown Salt Lake City is the world headquarters of the Mormon Church, which more people visit annually than the five National Parks in Utah. Downtown Salt Lake is also home to the Utah Jazz.
Bankers Factoring is honored to be the leading Salt Lake City Accounts Receivable Factoring Company helping businesses solve their cash flow problems.
Why Bankers Factoring for Salt Lake City?
Salt Lake City, Utah’s economy employs 111,000 people and is boosted by its presence in retail trade, oil and gas, agriculture, utilities, and tourism. Salt Lake City has an unemployment rate of 3.0%, well below the national average. Salt Lake City has seen the job market increase by 1.5% over the last year. Over the next ten years, future job growth is predicted to be 39.9%, which is higher than the US average of 33.5%.
Bankers Factoring is proud to provide Salt Lake City-based companies with cash flow solutions such as accounts receivable factoring and PO Financing.
There are many benefits to choosing Bankers Factoring over other Boise ID factoring companies. Below are just some of the benefits.
- Quick qualifying and approval process
- Immediate funding
- Competitive rates
- We take on the credit risk
- Flexible lines of credit for your needs
Bankers Factoring is the leading invoice factoring and PO Funding company in the Salt Lake City, UT area. As an employee-owned invoice factoring company, we are committed to helping our clients grow their businesses by providing quick access to working capital.
Bankers Factoring Funds Salt Lake City Companies in:
Biotech & Bioscience
Government
Aerospace & Aviation
Beverage Production
Bankers Factoring helps Salt Lake City import and export trade companies with alternative lending solutions, such as accounts receivable financing in many regions, including Canada, Mexico, Central and South America.
Accounts receivable financing, also known as invoice factoring, is a standard financial solution many companies use to obtain steady cash flow. Accounts receivable funding speeds up cash flow cycles and gives you cash to operate your business.
Why wait 90-days or longer for payment from commercial customers?
Fast Funding
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What Makes Bankers Factoring Different?
There are many Salt Lake City factoring companies to choose from, but what makes Bankers Factoring unique? Firstly, we are one of the few employee-owned factoring companies.
Our people, the owner-employees of Bankers Factoring, care about their business as much as you care about yours. Fellow entrepreneurs honestly working together leads to success in business. Our finance solutions come from a unique perspective.
Secondly, we take the credit risk for you based on the financial strength of your customers. As long as you take care of your customers’ needs and deal with us honestly, Bankers Factoring can supply you with endless working capital and credit protection through our accounts receivable financing services.
Whether your company is in Provo, West Jordan, or Orem, get funded from a local Utah trade financing and purchase order funding company.
We will never harass your customers. We are not worried about when and if their payment is coming. That’s the beauty of having your customer’s credit pre-approved. After you send your invoices to us, what we do is only verify that your products and services satisfy them.
Sadly, we have noticed through the years that whenever we decline a client’s customer for credit reasons, and the client sells to a not creditworthy customer, the client inevitably takes a hit.
How Invoice Factoring Works
You operate your Salt Lake City business, selling your products or services on Net 30-90 day payment terms to your B2B or B2G clients. Then using our receivables factoring services, you sell your open invoices from customers to Bankers Factoring. We then confirm that your customer is creditworthy and they are happy with your products and services.
After invoice verification, we wire you 80-90% of the net invoice amount on the same day. After your customer pays in 30-90 days, you get the remaining balance, minus the Bankers Factoring fees. Repeat as often as you generate credit-worthy invoices for unlimited working capital via our unique cash flow solution, non-recourse accounts receivable factoring.
We can also buy pres-sold goods for you as part of our unique Boise PO Funding company program.
Benefits You Get with Bankers Factoring in Salt Lake City:
- We take the Credit Risk!
- Discount Rates as Low as 0.75%
- $25,000-$10,000,000 Invoice Line of Credit
- 24 Hour Funding after Setup
- Serving Small & Medium Sized Companies
- Apply Online in Minutes. Faster than a bank loan
- No Hidden Fees
- Purchase Order Financing Company for Importers
- 24/7 Online Reporting
- Credit Services & Risk Analysis
Ready for Bankers Factoring to fund your Salt Lake City company through invoice factoring services?
Call or go to our Bankers-Factoring Application
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