Accounts Receivable Financing in Salt Lake City
Finding a reliable source of working capital can be a challenge for both established and start-up businesses. Bear River Financial understands the funding needs of businesses in Salt Lake City and we’re committed to providing the best possible financial solutions. Tapping into the revenue that you have tied up in your unpaid accounts receivable is one of the smartest ways to get the cash you need at the time you need it most — and we can make it easy for you!
Our Accounts Receivable Financing Programs Serve a Wide Range of Salt Lake City Businesses and Industries
Bear River Financial provides attractive and effective accounts receivable financing programs for more than just a handful of businesses in Salt Lake City. Our programs aren’t restricted to only a small number of business types; our plans benefit a wide range of industries and companies
These are some of the many Salt Lake City businesses that can benefit from our accounts receivable financing programs:
- Food processing and packaging companies
- IT contractors
- Construction companies
- Trucking fleets
- Healthcare providers
- Any business that offers customers 30-day or longer payment arrangements
Benefits Gained by Salt Lake City Businesses Using Our Accounts Receivable Financing
Our accounts receivable financing plans can improve your cash flow and eliminate your concerns over working capital. A major benefit that comes with a Bear River Financial accounts receivable financing plan is your company being relieved of the need to seek out debt-based solutions to your working capital needs. You’ll appreciate the ability to turn your customers’ invoices into quick cash that can be used to grow your available working capital, avoid debt and preserve your business’s credit rating.
The many additional benefits Salt Lake City businesses can obtain through our accounts receivable financing programs include the following:
- Funding amounts that grow with sales amounts
- Cash within 24 hours
- Non-recourse funding
- Credit insurance for customer invoices
- Elimination of cash flow worries
The Advantages Salt Lake City Businesses Gain by Doing Away With Collection Agencies and Payment Schedules
In addition to the cash flow benefits, our accounts receivable financing plans enable you to do away with the need to send your customers’ overdue invoices to a collection agency. A Bear River Financial accounts receivable plan can also make your operation more efficient by streamlining your accounting system; greater operational efficiency can contribute to reducing an AR department’s overhead.
You’ll appreciate having no further concerns over a customer’s payment account going past the aging window and a need to turn that account over to a collection agency. A collection agency’s internal processing schedule can add up to 45 more days to the time you’ve already been waiting for payment. That can place a significant strain on your cash flow needs — especially if the overdue invoice is a large one. With a Bear River Financial accounts receivable plan, such concerns can be a thing of the past. You would essentially be selling us your invoices — and we pay quickly!
Get Started Today and Begin Turning Your Invoices Into Cash
Now is the best time to get started on clearing out any unpaid invoices and turning them into cash. Contact Bear River Financial today. Our accounts receivables specialists are ready and available to answer your questions and get you started.