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Salt Lake City
Bridge Your Cash-Flow Gap

Factoring Companies in Salt Lake City

Benefits of Accounts-Receivable Financing

Accounts-receivable financing, commonly referred to invoice factoring, is a funding solution companies use to bridge the cash-flow gap from slow-paying customers.

The process works by selling your invoices to TCI Business Capital. The same-day you’ll receive up to a 95 percent advance on your invoice amount. Once your customer pays the invoice at a later date, the remaining will be remitted back to you, minus a small fee for our services.

While there are many factoring companies in Salt Lake City and the surrounding areas, TCI Business Capital offers many advantages when you choose it as your factoring company.
Factoring Companies in Salt Lake City

  • Quotes and approvals in as little as 15 minutes
  • igh, same-day advances up to 95 percent
  • Low, competitive industry rates
  • Dedicated account manger
  • Professional collectors
  • Online customer reporting
  • Free credit checks on your customers
  • More than 22 years of experience

B2B Industries

Our Salt Lake City invoice factoring programs are able to fund almost any B2B business that is waiting to get paid. Some of the industries we’ve provided a cash-flow solution to include:

  • Telecommunications & Wireless
  • Trucking & Freight
  • Oilfield Services
  • Heavy Construction
  • Renewable Energy
  • Government Contractors
  • Staffing Agencies
  • Utility & Pipeline
  • Many More

Why TCI Over Other Factoring Companies in Salt Lake City?

One of the reasons companies choose our Salt Lake City accounts-receivable financing and invoice factoring programs is because we’re able to fund businesses of many sizes, in many stages and even those going through financial troubles.

We can fund:

  • Companies that need quick access to cash
  • Companies that are waiting on slow-paying customers
  • Start-up companies
  • Expanding companies
  • Companies with tax liens
  • Those with maxed-out or less-than-perfect credit
  • Business bankruptcies
  • Bank turn-downs and workouts

Salt Lake City

A church leader and his followers, avoiding conflict and persecution, ended their journey in a peaceful (peaceful because uninhabited) place on July 24, 1847. It is an eerie recreation of a famous scene in a more distant past, Moses leading his people to the Promised Land. In fact, the church leader would be later referred to as the American Moses.

Today, more than a century after Brigham Young and his troop settled in the Utah area and founded Salt Lake City, there is no denying the often-lasting power of religion. Because Young’s church, the Church of the Latter Day Saints (LDS), is still widely felt in the city that also happens to be the state capital. Not only has religion thrived in Salt Lake City, so have many aspects of cityhood including its cultural life and economy.

Geography and Climate

Factoring Companies in Salt Lake CityOn a map, North Salt Lake is in the northern side. Alpine Meadows and South Salt Lake in the south. Grand View Peak and Emigration Oaks in the east and Salt Lake International Airport in the West. And further West is the Pacific Ocean.

Salt Lake City is surrounded by the Great Salt Lake and the Wasatch mountain range looms on its eastern borders. It has a total land area of 110.4 square miles. Its highest elevation is 2,868 meters, known as the Grandview Peak.

The city has hot summers and cold winters. The latter, along with the nearby mountains, make Salt Lake a popular site for skiing and other outdoor winter activities.

History

Prior to Mormon occupation, the area that will become Salt Lake City was the territory of North Shoshone, a tribe of Native Americans. But, they hardly live there.

On July 4, 1847 members of the LDS moved from Illinois to Salt Lake City, led by its leader Brigham Young, the second president of the Mormon church. Other Mormons soon followed and settled in nearby areas like Idaho and Nevada. They did this trek because their religious practices, especially polygamy, were being questioned by the federal government.

Young and his followers developed the area. They also marked a site for what would become a city landmark, Salt Lake Temple. Construction would last for 40 years.

In 1857, President James Buchanan wanted Young to step down as Salt Lake governor, after finding out that Young’s group still practiced polygamy. Soldiers were sent to the area. Those who were caught were imprisoned. It was only when Young’s church repealed polygamy that the federal government granted them their freedom.

The First Transcontinental Railroad was finished on May 10, 1869 at South Lake, bringing about more economic activities to the state. This also brought a lot of immigrants that were not Mormon members and even Asians, including Chinese and Japanese. People were goaded to settle in the area because of jobs and other money-making activities, including mining which had a boom in the late 19th century.

In 1872, the first electric streetcar ran in the city. In 1896, Salt Lake City became the capital of the State of Utah.

Economy

The city (and the State of Utah) has the most number of industrial loan companies, money-lending financial institutions. There are a number of major companies that have headquartered in the city such as Huntsman Corporation (chemicals), Zion Bancorporation (banking), and Questar Company (gas).

Steel, mining and the railroad have given the city sources of steady income.

The top five highly recommended companies and their products or services in 2016, according to a survey done by Deseret News, are Prince, Perelson, and Associates (business services); Health Catalyst (information technology); Instructure (information technology); Direct Business Lending (business services); and Castle and Cook Mortgage (finance).

When the city hosted the Winter Olympics in 2002, tourism was given a very big boost. Today, tourism is also a major industry of Salt Lake City.

Factoring Companies in Salt Lake CityPlaces to See

The most visited site in Salt Lake City is the Temple Square owned by the LDS church. Its area covers 10 acres. Three to five million tourists visit this complex each year. Among its curiosities are the Family History Library which contains the largest files on family history in the world, and the grounds at night during the Christmas season which uses 100,000 Christmas lights for its display.

Salt Lake City Public Library is a five-story building that houses one of the largest graphic novel collection in the country. It has over 500,000 books and subscribes to 80 major newspapers. There is also a coffee shop inside. Outside are shops and a radio station.

Old Hansen Planetarium used to be the city public library. It became a planetarium afterwards but somehow closed shop. A company, O.C. Tanner, bought the building in 2007. And after repairs and remodeling became the company’s flagship store. It has a chandelier that almost matches the length of the building. This building is listed on the National Register of Historic Places.

Clark Planetarium is the replacement of the Hansen Planetarium. In fact, the owner of the building where the Hansen Planetarium used to be located donated the dome of the former planetarium. The dome, a high-tech affair, can transform into a replica of glittering outer space. The planetarium also has an IMAX theatre that shows science and nature documentaries.

The Great Salt Lake, the body of water that started Utah’s boom, can also be visited and appreciated for the views that it provides. A marina on the south shore can enable you to sail the lake through a yacht or any other small water vehicle. Saltair is not just a resort. It is a concert venue as well.

The Olympic Cauldron Park reminds guests that the city once hosted the 2002 Winter Olympics. It is named as such because it still has the famous cauldron that was lit during the games. This park has an art gallery that features photographs taken from the games.

The Rosa Park is an ethnically diverse neighborhood with two parks, a golf course, a community garden, Mexican restaurants and shops, an eco-garden and a public library. Its streets are tree-lined. It is named after a very important figure of the civil rights movement, Rosa Parks, who was known to refuse sitting at the back of a bus (where African Americans were supposed to in a time of segregation), a move that sparked a racial revolution.

Varied Restos

In Salt Lake City, cravings are easily satisfied with restaurants offering different menus. Japanese? There’s Takashi. Mexican? Try Red Iguana 1 and 2. Italian? Go to Valter’s Osteria. Authentic-tasting Indian chicken tikka? Bombay House will not disappoint.

Transportation

Buses, light rail, and commuter rail are the means of transport for intercity travel.

Biking around the city is also encouraged. Salt Lake is considered a bike-friendly city. There are many bike lanes in the city. There is even a bicycle map. The Bicycle Transit Center, opened in 2010, is a place where a person can park a bicycle safely and go somewhere else either on foot or in transit.

Salt City International Airport

Salt City International Airport is the 21st busiest airport in the country. Delta Airlines, United Express and SkyWest Airlines provide flights around and outside the country, including Paris and Amsterdam.