Need Help With Your Cash Flow?
From time to time, businesses fall short when it comes to their cash flow. This can cause problems with payroll, business expenses, or even with client acquisitions. Most businesses have accounts receivable, but it takes time to invoice clients and then collect any outstanding debt. Well, what happens when your money runs dry?
How Does Factoring Work For My Company?
No matter if it’s a good time or a bad time for the economy, businesses may still need liquid capital to enhance its cash flow cycle and when you’re waiting on capital from your clients, you need that cash more than ever. Consider factoring your company’s invoices to access that capital and don’t worry if you haven’t heard of factoring before. If you’re wondering “what is factoring?” or “how does factoring work?” United Capital Funding is here to help.
From Mark Mandula: Thoughts on the COVID-19 Pandemic Part IV
As the COVID-19 pandemic continues at full strength in much of the United States, it is becoming clearer that the economic damage done by the virus will be widespread and significant. The first inkling of this unsettling fact appeared last week when an unprecedented surge in jobless claims was announced. From the prior weeks, data of 282,000 claims came the stunning news that the current weeks total was about 3.3 million. At that point, equity and other markets in the United States nearly came unglued and the optmisitic chatter was that this would be the highest claim that would occur in the COVID-19 period. Most economists and experts had predicted that the number of claims would be nowhere as high as the 3.2+ million that wa actually reported.
Loan Programs for Small Businesses Impacted by COVID-19
Small businesses are the backbone of the American economy. There is no debate that the current COVID-19 pandemic will cause significant economic harm to this critical part of our nations GDP. How important is it for small businesses in the United States to be vibrant and successful? Consider these facts about the magnitude of the role small businesses contribute to the United States economy (data from the Office of Advocacy, Small Business Administration).
The History of Factoring From A Trusted Factoring Company
So, you know about how the factoring industry operates today—but where did it all begin? Learn about the history of factoring from the specialists a United Capital Funding. We’re the factoring company you can trust with your capital.
An update to our clients on COVID-19
- Coronavirus (COVID-19): Small Business Guidance & Loan Resources
- (Account required) Latest webcasts from World of Open Account (WOA)
- Webinar: NFIB Coronavirus Weekly Briefing for Small Business
Dear clients of United Capital Funding:
We understand that there is concern surrounding coronavirus disease 2019 (COVID-19). We want to provide a simple update to let you know that our firm’s priority is keeping our employees safe while continuing to deliver high quality service.
United Capital Funding is closely monitoring all information released by the Centers for Disease Control and Prevention (CDC). Our parent company, Gulf Coast Bank & Trust Company, is also taking steps to reduce the risk of spreading COVID-19, this includes exercising strict hygiene practices for all of our employees, restricting travel, and closely monitoring the health and wellbeing of our staff.
United Capital Funding remains committed to delivering exceptional service to you and your team. Please know that the issues posed by COVID-19 will not inhibit our ability to service your company or provide funding and you can access your account information and reports 24/7 through CADENCE.
We value your relationship and care about the financial health of your business. We will continue to monitor this evolving situation and remain available to assist in any way possible. If you have any questions, please give us a call at (877) 894-8232.
United Capital Funding
146 Second Street North, Ste 200
St. Petersburg, FL 33701
Article Posted On: March 16, 2020