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 New Funding Program to Assist Companies Helping in the Hurricane Sandy Recovery Effo
United Capital Funding Corp. www.ucfunding.com, the leading provider of professional Accounts Receivable based funding and credit management solutions in the United States announced today that it has set up a special program to provide funding immediately for businesses helping in the recovery efforts due to Hurricane Sandy.
Saint Petersburg, FL (PRWEB) November 02, 2012 -- United Capital Funding Corp. www.ucfunding.com, the leading provider of professional Accounts Receivable based funding and credit management solutions in the United States announced today that it has set up a special program to provide funding immediately for businesses helping in the recovery efforts due to Hurricane Sandy.
“We are very pleased that that our firm is the first to proactively establish a fund like this to help in the cleanup effort” remarked Mark Mandula, Managing Partner of United. “Our firm is based in Florida, so we are very aware of the destructive force of hurricanes and storms like Sandy. We believe it is very important to make available capital to businesses providing services in the recovery, and to get others back on their feet again. We know that in a time of need such as this, we will be ready to provide funds to clients in staffing, transportation, service and other sectors.”
Mandula also noted, “Not only are we making a serious financial commitment to areas that have suffered, we are in a position to serve new clients very quickly with capital. We can fund a new client in less than 10 days: from the acceptance of our simple, no cost Application to having funds to cover operating expenses, payroll and recovery efforts. We have eliminated all of the “red tape” to make funds available immediately. In addition, we have previously funded clients who subcontract with nearly every government agency, including FEMA.”
United has also established a toll free number to make the application process easy. The number to contact United Capital is (877) 894-8232. United also has committed to provide all prospective clients who apply for funding an answer within one business day from the receipt of the application. Interested companies can also apply online at www.ucfunding.com
United also recently announced record funding [not including participations managed] for the first nine months of 2012, recording an increase of 25.4% in client funding levels versus 2011. When managed participations were also included, total funding by United increased 62% versus the comparable period in 2011. United
provides Intelligent Working Capital via factoring, credit insurance coverage and efficient Accounts Receivable management solutions to clients nationwide. These professional services allow small business clients to strengthen their cash flow, streamline internal operations and assist them in competing successfully in the current challenging economic environment. United has provided nearly $1.9 Billion in client funding since its formation in 1997.
About United Capital Funding Corporation
United Capital Funding Corp. (www.ucfunding.com) is the leading professional Accounts Receivable funding, and AR management services based firm in the United States today. Providing solutions with Intelligent.Working.Capital, since 1997 United has successfully provided funding of nearly $1.9 billion to entrepreneurial firms with annual revenue from startup stage to over $50 Million. United possesses the financial resources to serve firms seeking to improve their cash flow and reduce costs. United is headquartered in the Tampa Bay area, and has regional offices in Nashville and Cleveland. Additional information on the specialized business financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at their website; www.ucfunding.com; via email at mark(at)ucfunding(dot)com; or by telephone (877) 894-8232.
Article Posted On: November 02, 2012