Invoice Factoring in Orem, UT
Invoice factoring in Orem converts your outstanding invoices into immediate working capital.
Invoice factoring in Orem converts your outstanding invoices into immediate working capital.
Invoice factoring
Invoice factoring lets you sell unpaid customer invoices to a third-party company at a discount. You receive most of the invoice value up front, usually within 24 to 48 hours. The factoring company collects payment directly from your customer when the invoice comes due. This is not a loan. You're selling an asset you already own. No new debt appears on your balance sheet, and approval hinges on your customers' creditworthiness, not yours.
Invoice factoring
Orem sits along the I-15 corridor between Provo and Lindon, home to tech firms near the Cascade business district and service companies around University Place and State Street. Many of these businesses invoice on net-30 or net-60 terms, creating a cash-flow gap between payroll, inventory orders, and customer payments. Invoice factoring in Orem bridges that gap without adding debt. If you're a staffing agency placing workers at tech companies or a wholesaler supplying retailers along University Parkway, factoring keeps your operation funded while you wait for invoices to clear.
Invoice factoring
Foothill Lenders is a commercial loan broker, not a direct lender. We connect Orem businesses with factoring companies that fit your industry, invoice size, and customer base. We handle the paperwork, compare terms, and walk you through each step. Our office is at 412 W Rivers Edge Dr in Provo, minutes south of Orem via I-15. Call us at (801) 880-5047 to discuss your receivables and get matched with a factoring partner.
We also broker other financing options across Orem, including invoice factoring programs for companies throughout the Provo area.
A staffing firm near Geneva Road places contract workers at several Orem tech companies. Clients pay on net-45 terms, but the firm must cover payroll every two weeks. The owner contacts Foothill Lenders. We broker a factoring arrangement that advances funds against open invoices, so payroll clears on time and the firm can take on new placements without waiting for slow-paying clients.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.