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.
The Factoring Industry Today
The factoring industry in 2020 is diverse and exciting in its offerings. Factoring or invoice factoring is a very simple process. It can be defined easily as the conversion of unpaid invoices into working capital. There has never been a better time in history to capitalize on factoring services like the ones we offer at United Capital Funding.
We like to think of our business as the growth factor because our intelligent working capital brings your business to new heights. Learn a little more about us and our financial solutions. We promise that you will not regret it!
How UCF Tackles Factoring
The world factoring industry is now a $3-trillion-plus business. Yes, you heard us right. We said trillion! Our competitive advantage is the power of choice. The choice in choosing the invoices you would like to turn into working capital. If you run on a B2B or B2G business model, then our services are for you. Don’t fret if you’re the newest business on the block. Not only do you have a good chance of qualifying, but we also have a simple and transparent fee structure:
- A five-day fee schedule allows you the flexibility to pay for the funds you use when you use them. We also calculate your fee based on the date you are funded. On the other hand, many of our competitors charge from the earliest invoice date.
- Lower fees mean more money in your pocket. Unlike many of our competitors, the only additional fees are for the wire transfer and related ACH fees. Check out the 2019 Capital Markets Report that shows how much lower we are than the industry average.
You might be wondering how easy is it to apply? It’s as simple as clicking the application button and filling out four simple pages. Once you complete the brief application you are well on your way to the independence you get with invoice management. With UCF, this independence directly correlates to more options and—in turn—saves you money in the end.
Contact A Leader In The Factoring Industry
Our team of factoring experts wants to get you started with the application process. Reach out to us by calling at 866-647-2680 or feel free to take a few minutes and get a quick quote online. In order to expedite the process fill out our brief application and then request a consultation. Don’t forget to follow us on Facebook and Twitter to keep up with all the latest industry buzz. We are looking forward to taking your business to the next level today!
Article Posted On: February 26, 2020