Utah Accounts Receivable Factoring

Utah Accounts Receivable Factoring is when a business sells its unpaid receivable invoices to a specialized financing institution called a "Factor," for a discount. This service is useful to a business that cannot afford to wait 30, 60, or 90 days to collect payment from customers because cash is needed immediately.

How our accounts receivable factoring works

With our receivable factoring program cash is advanced to your business, and an automated system is set up to collect a small percentage of each credit card transaction through a preferred processing bank. We will match current processing rates.

Qualifications for our accounts receivable factoring program

In order to qualify for our receivable factoring program you must meet the following requirements:

• Restaurants, retail or service business
• Accepts credit cards as a form of payment
• Provide the past six months of bank statements to qualify for larger amounts
• One year in business
• Can provide the current processing statements from the past six months with at least $4000 per month in credit card sales
• good standing with landlord with at least one year remaining on lease
• Acceptable personal and business credit
• No open tax liens, judgments or bankruptcies

Benefits of our accounts receivable factoring program

• Easy payback process - no fixed payments
• Fast Funding
• Builds business credit
• No financial's required
• No collateral
• Approvals in as little as 24 hours
• No up-front fees or closing costs

About Our Accounts Receivable Factoring Company

Our accounts receivable factoring company regards itself as a "boutique funding shop" offering our agents and merchants hands-on personal service. The principals of our receivable factoring company take an active roll in day-to-day operations. Our receivable factoring company markets its program exclusively through its network of agents and does not employ a sales force. This permits our accounts receivable factoring company in Utah to focus exclusively on underwriting and finance while maintaining partnerships with honesty and integrity.