Accounts Receivable and Invoice Factoring in Salt Lake City, UT
What is Accounts Receivable Factoring?
A/R Factoring provides a method to free up cash for your Salt Lake City business by selling your invoices at a discount. If you are offering quality invoices, invoices that you expect to be paid in the near future, then chances are good that a Salt Lake City factoring company will buy your invoices for a discounted price. This will get you cash within 3 to 5 days instead of 3 months or more.
What Invoices Will Salt Lake City Factoring Companies Buy?
Many factoring companies in Salt Lake City will not buy accounts receivable that are self-pay (owed by patients directly) or long term payments from personal injury, workers compensation or no-fault accounts receivables. If the payment is expected in a shorter time frame, some Salt Lake City factoring companies will consider buying medical accounts receivable invoices from personal injury, workers compensation or no-fault services.
- Medical Receivables Factoring in Salt Lake City
- Truck Invoice Factoring in Salt Lake City, UT
- Factoring Loans in Salt Lake City
To find out how much you qualify to have factored, take the time to fill out a brief online factoring form.
Quickly Calculate How Much Cash Flow You Could Generate With Invoice Factoring
Try to put in exact payroll figures and provide best estimates for customer creditworthiness. If you have a current invoice factoring company in Salt Lake City, they should provide a monthly invoice that will show your total charges and cash flow. Compare and save.
Current Invoices: $29430
Projected Factor: 11.28%
Our Cost: $3,384.45
Immediate Cash for Your Business: $26,046
Examples detail the fees paid by the clients based on the creditworthiness of their customers, average length of accounts receivable, and individual company factors.
| Invoice Factoring | Accounts Receivable | Amount Factored | Immediate Cash for Business |
|---|---|---|---|
| Example 1 | $78,657 | $7,740 | $70,916 |
| Example 2 | $23,694 | $2,168 | $21,526 |
| Example 3 | $40,602 | $4,120 | $36,481 |
| Example 4 | $132,974 | $12,263 | $120,711 |
| Example 5 | $157,313 | $15,230 | $142,083 |
| Example 6 | $47,388 | $4,588 | $42,800 |
| Example 7 | $121,813 | $12,263 | $109,550 |
| Example 8 | $65,972 | $6,401 | $59,571 |
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What Our Customers Say
I first considered AR Factoring when our business ran into a cash flow snag. Payroll was due in just 3 days and all of a sudden our largest customer adopted a "new policy" to pay our invoices no sooner than 54 days after they had been billed. And that was compounded by the fact that we had already paid our staff for the previous 30 days they had been working in order to meet the "deliverable" we had agreed to!
Roger H.
Ours was a small service business with about 20 employees. It sure was a relief to pay employees and vendors promptly - even while we were getting poor treatment from our big customers - invoice factoring was a great solution for us.
Samantha A.
Save up to 30% by comparing prices today!