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The A/R Gap in SLC Professional Services
SLC's professional services sector spans the downtown financial and legal district. It includes University of Utah Health affiliated practices, consulting, accounting, and marketing agencies.
Every firm in this sector faces the same structural timing problem. Services are delivered in week one, invoiced in week two.
Payment comes 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. It draws when payment timing creates pressure and repays when invoices clear.
Which Practice Types Qualify
The professional practice program covers service businesses that bill on terms. Law firms, accounting firms, healthcare practices all qualify.
Engineering consultants and marketing agencies qualify under the same framework. Underwriting looks at monthly invoicing volume and deposit averages.
Client payment consistency matters more than the specific industry. A firm billing $200,000 per month with consistent collections qualifies.
The billing source doesn't matter. It can come 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, and physical therapy practices face a specific A/R timing issue. Insurance carriers pay on 21–45 day cycles after claim submission.
A practice delivering $150,000 in services per month may only collect $100,000 that same month. The remaining $50,000 arrives in the following 30–60 days.
A revolving line covers this structural lag. It prevents deferring staff pay or delaying supplier invoices.
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 and Draper. Other Wasatch Front markets are also covered.
The Farmington Capital Hub anchors the full northern Utah network.
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