Working Capital Solutions for Businesses in Salt Lake City, UT
Salt Lake City, UT is known as “The Crossroads of the West” for a very good reason. Our city is home to one of the most diverse economies in the United States, with businesses ranging from mom-and-pop stores on Main Street to medical practices, tech startups, trucking companies, businesses in the energy sector, e-commerce companies, and more. As varied as our economy is, every business needs a reliable source of working capital. Synergy Commercial Funding is headquartered in Salt Lake City, and we work with businesses of all types to provide the working capital they need to sustain and grow their operations. We provide working capital to new, established, and growing businesses spanning every industry in Salt Lake City so they can:
- Cover overhead
- Hire skilled staff
- Increase their purchasing power
- Make payroll
- Launch marketing campaigns
- Develop new products
- Pay down existing financial obligations
- Purchase supplies, inventory, and raw materials
- Smooth out uneven revenue cycles
- Take advantage of time-sensitive opportunities
- Upgrade equipment and assets
Unsecured Lines of Credit for Businesses in Salt Lake City, UT
Access to working capital can be a big challenge for many businesses in Salt Lake City. Traditional lending channels have prohibitively high collateral requirements, often preventing new and small businesses from getting the extra funds they need. At Synergy Commercial Funding, we believe working capital should be accessible to businesses, because more entrepreneurs make for a healthier economy. For these reasons and more, we provide lines of credit without any collateral requirements. Our unsecured lines of credit offer businesses discretionary capital that can be used for anything they need, from small purchases to reaching major milestones. Unsecured lines of credit from Synergy Commercial Funding offer the following benefits to businesses in the Salt Lake City area:
- Lines of credit up to $500,000 (based on financials)
- Low interest rates
- No collateral required as long as other qualifications are met
- Fast prequalifications
Merchant Cash Advances for Companies in Salt Lake City, UT
When businesses need a fast infusion of working capital without the restrictions of institutional lending vehicles, they turn to merchant cash advances from Synergy Commercial Funding. Our merchant cash advances do not require collateral, nor do they impact credit ratings or place debt on the balance sheet. Additionally, our merchant cash advances do not have fixed payments, giving local businesses in Salt Lake City greater flexibility. Instead of monthly payments, the balance on a merchant cash advance is repaid from a small percentage of credit card receipts. This prevents payments from placing a strain on cash flow, while also giving local businesses more leeway. Merchant cash advances from Synergy Commercial Funding feature:
- Working capital advances up to $200,000 for each business location
- No collateral required
- Flexible payment methods
- No fixed payments, application fees, or closing costs
- Minimal paperwork to qualify
- No prepayment penalties
- Financing available in as fast as 7 days
We accept repayment from sales made to customers who use any major credit card brand, such as:
- American Express
- Discover
- MasterCard
- Visa
Get Started Today
If you own a business in Salt Lake City and need a reliable, flexible source of working capital, reach out to the team at Synergy Commercial Funding today.