AR Factoring In 2020
Factoring is a form of financing that can help companies with their cash flow issues. It allows businesses to finance their invoices to increase their working capital. Cash is the lifeblood of businesses and without it, your business can’t grow. Factoring invoices provides flexibility for businesses struggling with cash flow.
How Commercial Factoring Can Benefit Your Company
When times are hard on your business, it’s time to look for an alternative. Luckily, there are several different ways to help your business in its hour of need. Thanks to the work at United Capital Funding, we’re able to help clients get their cash and use it to improve business. But how? With commercial factoring!
Factoring Finance Mythbusting!
Remember the stories we used to hear when we were kids? Creatures like Bigfoot or stories like Hercules were myths we believed… at least for a little bit. But even though we’re older now and know better, there’s still the occasional myth that we tend to believe. Specifically with real-world actualities. And — just like with any industry—there are plenty of myths associated with factoring.
Why Are Companies Selling Account Receivable?
Every business owner encounters a situation where they need more cash for operations. You can have a superior product with large profits. However, if cash flow is bad, your business will suffer. It is possible to be successful in business but still encounter cash flow issues since good cash flow is essential to running a successful business.
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?
Florida-based Commercial Finance Firm to have Expert Speak at International Conference
Mark Mandula, chief marketing officer at United Capital Funding will lead a session at WOA’s inaugural convention in October
Tampa, FLA (August 22, 2019) – United Capital Funding Chief Marketing Officer Mark Mandula will represent the commercial finance firm at WOA’s inaugural convention in Belgium. The conference will start on Tuesday, October 7, 2019 and is a two-day event that offers networking and educational opportunities to professionals in the finance industry. The theme of the conference is “A World of Opportunities.”
Mandula’s session, called IKAGAI, why do you get up in the morning? focuses on how professionals can stay relevant and continue to grow throughout their finance-related career. Attendees will learn how to focus on their personal and professional growth and hear key insight into how to become a vital part of their company. Ikigai (pronounced Ick-ee-guy) is a Japanese concept typically used to identify what gives one’s life value.
Mandula and the team at United Capital Funding have grown the factoring firm from a startup to a now subsidiary of an FDIC-insured bank, which has provided more than $3 billion in funding by using the mindset taught in Mandula’s upcoming session.
“Other commercial finance firms are touting transparency and launching high-tech features to improve accessibility,” said Mandula. “This is something we’ve continually demonstrated from our unveiling of our online platform CADENCE to our commitment to transparency towards prospects and clients. In this session, I’m going to share the concepts and commitments that have kept our firm at the forefront of the commercial finance industry.”
The convention starts with an icebreaker reception on October 7, 2019 in Antwerp, Belgium. The following day, October 8, 2019, is a full day of conference sessions and discussions, which will end that evening with a networking dinner.
Tickets start at $774.37 USD (€695 EUR) for WOA members and $1,052.91 USD (€945 EUR) for non-members. Click here to visit WOA’s website to learn more or register.
About United Capital Funding Group, LLC.
United Capital Funding Group, LLC. (UCF) is one of the nation’s leading providers of working capital finance, having successfully provided collateral from most Fortune 500 companies.
For more than 20 years, UCF has offered professional B2B and B2G funding through accounts receivable financing, credit insurance coverage and efficient accounts receivable management.
UCF has headquarters in Florida with offices in Tennessee and Illinois. UCF is a subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank. For more information, please visit our website at www.ucfunding.com.
About WOA – World of Open Account
World of Open Account (WOA) is the global Community of professionals and companies, engaged in open account receivables finance. WOA’s mission is to improve business skills and create new business opportunities for all community members and to increase the understanding and adoption of receivables finance.
Article Posted On: August 22, 2019