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.
Nashville office supports local business incubator
Photo: Matt Perkins, business development officer with United Capital Funding and chairman at the Nashville Business Incubation Center, pictured with Marilyn Robinson, executive director of the Nashville Minority Business Center, and Angela Crane-Jones, executive director of the Nashville Business Incubation Center. Robinson was awarded with the Might Oak Leadership Award at the Center's recent luncheon.
NASHVILLE (February 27, 2020) - Florida-based alternative finance firm United Capital Funding (UCF) recently showed its support for growing young businesses in Nashville at a recent incubator graduation luncheon.
The 33rd Annual Awards & Graduation Luncheon honors the graduates of the Nashville Business Incubation Center (NBIC) and key individuals whose contributions have helped small businesses in the Nashville area. Matt Perkins, business development officer at UCF, serves as chairman of the executive board of the NBIC.
“Nashville continues to transform into an area of rich economic growth,” said Perkins. “I’m proud to have the opportunity to be so involved with companies that have the desire to intensify that economic growth.”
The graduates include R & Co. Building Construction, LLC and Utopia Building Group. Combined, the companies accomplished over $4.5 million in revenue upon graduation.
Perkins presented several awards during the ceremony, including the Mighty Oak Leadership Award, which recognizes individuals who best demonstrate the mission of the NBIC and help it achieve success. This year, the Might Oak Leadership Award was given to Marilyn Robinson, executive director of the Nashville Minority Business Center. Robinson is credited with pushing policy changes that leveled the playing field for minority business owners, ensuring their success. She also led Metro Nashville's most recent public contracting initiative, the Equal Business Opportunity Program.
The NBIC offers programs that promote sustainability and support for entrepreneurs. Several classes are provided by the incubator, ranging from Foundations – for individuals with an idea for a business to its hallmark incubation program Mighty Oak - for businesses that are at least two years established. United Capital Funding is proud to support local organization like Nashville Business Incubation Center. To learn more about the Nashville Business Incubation Center and its program, visit nbiconline.com.
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, Illinois and Ohio (Capital Plus). 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: February 27, 2020