4 Ways to Spot a Bad Customer
It is said that one of the secrets to running a successful business is to have only great customers and to avoid the bad ones. This makes perfect sense, but is much easier said than done.
Collapse of MyPayrollHR: What should I do?
As was widely reported online and in most business-related publications, the abrupt closing of the payroll giant processor, MyPayrollHR has left small businesses and their employees scrambling in a state of financial panic. And with good reason. MyPayrollHR and its parent company, Value Wise Corporation closed last Thursday (September 5, 2019) without any warning. It shut down its website and stopped returning phone calls. The company stated that it had over “5,000 companies as clients” as of this past summer. To say this has caused trouble for their former clients would be an understatement.
Why Choose AR Factoring For Your Business?
Accounts receivables (AR) are about as useful as a check you can’t cash out. Waiting to get your money is the name of the game in many industries, but that doesn’t mean it’s easy. But why shouldn’t you get that money sooner? It’s your money after all!
Why Small Business Invoice Factoring Is The Right Choice
Bills are everyone’s worst nightmare. Especially when the money for those bills is MIA. It’s also an unfortunate truth for many small businesses—invoice payments often come in weeks or months later and it’s hard to keep up. But what are you going to do about the bills you have right now?
Florida-based Commercial Finance Firm to have Expert Speak at International Conference
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.”
Invoice Financing For Companies Of Any Size
No matter the size or amount of workers—managing a company is pricey! You need a constant flow of cash for payroll, inventory, operations, and more. But when you’re waiting weeks or even months for a paycheck, your company feels like it’s in jeopardy. That’s why you need invoice factoring from the right factoring business.
And not just any factoring company, you deserve the best no matter if you have five employees or 500 employees. Contact United Capital Funding today and get started on your factoring.
Factoring? Is It What I Learned In Algebra?
Unfortunately, this isn’t what your math teacher meant when they said: “you’ll use this later in life.” Those new to our industry might not understand what factoring is, or how it’s alike or different from other types of factoring. You see, invoice factoring is a way to sell invoices or accounts receivables. Our company purchases these outstanding invoices from you so you don’t have to wait for you customer’s payment. Quite appealing for the modern business owner, right? Selling your invoices will get you that cash sooner, but how does it all work really?
As a client of United Capital Funding, you are free to send us invoices at any time and we can process it during regular bank hours. Our team of experts start by verifying an invoice to make sure it is clear for funding. Once an invoice is verified, we wire a large percentage (an advance) to your account, this is at least 80% of the invoice amount.
But what about the rest of it? Don’t worry, we take it upon ourselves to work as your Accounts Receivables department and service the invoice. Once your customer pays the entire invoice amount to our secure lockbox, we send you the remaining percentage (a reserve), minus our fees, then you’re done!
Throughout the process, we offer simple, low fees. As you can see, we’re far better than the industry standard. With United Capital Funding, you don’t need to worry about paying thousands of dollars in hidden fees – we provide our clients with complimentary access to secure online reporting that clearly shows your reserve amount, advance amount and all fees associated with each transaction.
And when it comes to the size of your company, we currently work with businesses that make between $20,000 to $5,000,000 a month in revenue. So when you’re looking for a factoring company for your business, find the best service at UC Funding! Apply today and get your money faster.
Apply To The Right Company For Your Invoice Factoring
Stop waiting months for your customer’s payment and apply today to start your profitable journey.
Questions? Schedule a free consultation or call us at 866.647.2680 to speak to a representative.
Article Posted On: August 01, 2019