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Marketing & public relations firm
Government entities including the Centers for Disease Control and Prevention and Centers for Medicare & Medicaid Services
Companies that benefit from factoring of government receivables may be contractors for federal, state or county contracts. In many cases, minority and women-owned businesses and SBA 8(a) organizations are eligible to factor government receivables. When working with the Federal Government, any receivables funded must follow the guidelines set forth in the Assignment of Claims Act and the processes set forth in the Federal Acquisition Regulations. United Capital Funding provides the necessary tools and resources in house for these processes.
Companies in this industry typically have a need for liquid capital to secure paid advertising opportunities with media outlets. In many cases, businesses have minimal fixed assets and have difficulty procuring credit from traditional lenders.
United Capital Funding proposed its factoring services to alleviate the road rash associated with hyper growth. Factoring would provide the following benefits:
- Advance on the invoice amount (typically 80% of the invoice value)
- Comprehensive accounts receivable management and maintenance of payment recovery and outstanding invoices.
- Credit investigation of future customers
- Online reporting available through CADENCE
The company accepted the proposal and was approved for factoring with United Capital Funding.
With capital available from its invoices due from government agencies, the company could confirm its commitment to its media publication partners.