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.
Florida-based commercial finance firm unveils innovative platform
The platform allows clients of United Capital Funding to interact with their invoices in a new way
TAMPA, Fla (June 3, 2019) - Commercial finance firm, United Capital Funding, unveiled a new reporting platform this month to its clients. The reporting platform, Cadence, is the latest addition of cutting-edge features that mark the finance firm’s continued commitment to client-centric offerings.
Cadence allows its users to view invoice statistics by the minute. Users can view financial information on demand, import and export accounts receivable data at their convenience and better understand the status and inner workings of their invoices.
“We wanted to upgrade our service offering so our clients will have access to their invoice information at any time of the day,” said Mark Mandula, chief marketing officer of the firm. “So often, we hear stories of factoring firms that don’t communicate with its clients. A business owner deserves to know every detail of their accounts receivables and that’s what we’re giving our clients.”
New features on the platform are scheduled to debut in the coming months.
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.
Article Posted On: June 03, 2019