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.
UCF Announces Milestone with First Tennessee New Client Funding Facilities Originated in 2008
United Capital Funding Corp., the leading Google rated Internet based provider of professional Accounts Receivable management services, factoring, and specialized Accounts Receivable management services in the United States, announced today that it reached a milestone with First Tennessee New Client Funding Facilities in the months of January and February 2008.
“We are very excited to announce that the exclusive referral relationship that we began with First Tennessee in December 2007 has already resulted in a number of new clients for United Capital Funding Corp. Due to the excellent support from First Tennessee, we are very happy with the initial series of clients that we are serving with our professional Accounts Receivable funding, working capital, and AR management services. We also want to take this opportunity to thank Brooke Macy, Kristina Head, Mark Wood, Bridgette Bethune, Alinda Richards and Martin Akin, the First Tennessee relationship managers who have been instrumental in helping us establish these Tennessee based client relationships.”
“The ability to serve these First Tennessee clients will only be strengthened by our physical presence in Tennessee,” commented Matt Perkins, Regional Business Development Officer of United Capital Funding Corp. “Our new office located in Nashville clearly signals our commitment to serve First Tennessee clients over the long term.”
The new First Tennessee clients of United Capital Funding Corp. include:
- Fabrication firm, with a funding facility of $750,000
- Industrial Services firm, with a funding facility of $800,000
- Services firm, with a funding facility of $100,000
- Services firm, with a funding facility of $1,000,000
“In addition, we are honored that our client relationships have grown to the highest levels in our firm’s 11 year history,” commented Mark S. Mandula, Principal of United Capital Funding. “We are also encouraged that our top ranked Google website, www.ucfunding.com has continued to exceed planned levels of inquiries, referrals, and overall website traffic projections. Our website has consistently been the top ranked organic site on Google, MSN, and Yahoo for the first several months of 2008.”
About United Capital Funding Corp.
United Capital Funding Corp. is the recognized leader in the working capital, factoring, Accounts Receivables Management industry. Privately held and managed, it has been honored as the Small Business of the Year, based on seven criteria established by the United States Small Business Administration [SBA]. The firm was the only financial services firm selected, and clients of United Capital Funding Corp. are currently located in 34 states and include manufacturing, distribution, service, staffing, retail, and technology sectors firms.
Additional information on the specialized financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at www.ucfunding.com; via email at email@example.com; and by telephone (877) 894-8232. United Capital Funding Corp. can also be reached at our regional office located at 4525 Harding Road, Nashville, Tennessee at (615) 483-5720.
Article Posted On: March 15, 2008