The A/R Gap in SLC Professional Services
SLC's professional services sector spans the downtown financial and legal district, University of Utah Health affiliated practices, and consulting, accounting, and marketing agencies across both public and private sectors.
Every firm in this sector faces the same structural timing problem. Services are delivered in week one, invoiced in week two, and paid between day 30 and day 90.
Payroll, rent, and vendor obligations don't wait for the invoice to clear. A revolving A/R bridge line provides standing capital that draws when payment timing creates pressure and repays when the client invoice clears.
Which Practice Types Qualify
The professional practice program covers a broad range of service businesses that bill on terms. Law firms, accounting firms, healthcare practices, engineering consultants, and marketing agencies all qualify under the same framework.
Underwriting looks at monthly invoicing volume, trailing 90-day deposit averages, and client payment consistency — not the specific industry.
A firm billing $200,000 per month with consistent collections qualifies — whether that billing comes from legal, medical, or consulting work.
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Check Eligibility →Program Details — SLC Professional Practice
| Parameter | Detail |
|---|---|
| Credit Range | $50,000 – $1,500,000 |
| Structure | Revolving A/R bridge — draw, repay, reset |
| Eligible Uses | Payroll, overhead, case costs, equipment |
| Revenue Minimum | $30,000/month invoicing (collections-based underwriting) |
| Time in Business | 12+ months |
| FICO Minimum | 580+ (650+ for lines above $500K) |
| Decision Timeline | 24–48 hours |
Healthcare Practice Capital: Insurance Reimbursement Timing
Medical, dental, physical therapy, and specialty practices affiliated with the University of Utah Health system or operating independently in Salt Lake City face a specific version of the A/R gap. Insurance carriers — including commercial PPO plans, Medicaid, and Medicare — routinely pay on 21–45 day cycles after claim submission. A practice delivering $150,000 in services per month may only collect $100,000 in that same month, with the remaining $50,000 arriving in the following 30–60 days.
A revolving line sized to one to two months of expected reimbursements covers that structural lag without requiring the practice to defer staff pay, delay supplier invoices, or limit patient volume to what current cash on hand can support.
Qualification Benchmarks
- 12+ months of professional practice operating history
- $30,000+ in average monthly invoicing or billings
- Business bank account with 3+ months of statements
- Owner FICO 580+
- No open bankruptcies
Related SLC Capital Programs
Professional practice is one of five service subcategory programs for Salt Lake City businesses. The SLC hub page provides a full program overview. For practices with locations outside Salt Lake City, city-specific programs are available for Murray, Draper, and other Wasatch Front markets. The Farmington Capital Hub anchors the full northern Utah network.
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