Saint Petersburg, Florida, July 1, 2009 – United Capital Funding Corp. www.ucfunding.com, the leading provider of professional Accounts Receivable based funding and credit management solutions in the United States today announced that it has successfully shielded 100% of its clients from credit losses due to bankruptcy in 2009. United’s credit analysis, monitoring and access to Credit Insurance, an integral part of their professional AR factoring and efficient AR Accounts Receivable management solution has allowed clients to not endure any credit loss due to bankruptcy, so prevalent in the economy today. This risk minimization approach in turn has increased the overall profitability of their clients, now located in 34 states.
“It is no understatement that we are living in very interesting yet difficult times” commented Mark Mandula, Managing Partner of United Capital Funding Corp. “The list of recent bankruptcies in 2009 alone, including General Motors, Chrysler, General Growth Properties, Charter Communications, R.H. Donnelley, Nortel, Smurfit-Stone Container, Six Flags and Masonite is almost unbelievable. However, what is more important to recognize is that for every one of these “large” bankruptcies, there are literally thousands of other less “visible” ones that are many times whom are clients sell their product or provide services to. This underscores why it is so important, now more than ever, for every business to have a partner helping them with their Credit Screening, Insurance and monitoring, as we do.”
A recent article noted at www.bankruptcy.com had some very scary data, observed Mandula. “If the trends continue as they are now going, there will be nearly a 200% increase in major Corporate bankruptcies in 2009 versus 2008. And 2008 had an abnormally high number of bankruptcies to start with.” However, he also noted that “We serve our clients by ensuring that we provide them accurate, timely credit information as part of our professional, turnkey approach [no incremental fees for this valuable information] to help them make sound credit decisions about making a sale or not. Credit risk is, and will be a real concern going forward, even as the economy improves. The need to be vigilant has never been more important.”
United is able to add significant value to a client by providing this service, along with their professional Accounts Receivable Management, credit services and working capital tools. United has built an excellent reputation by providing professional services in an equitable, fast and flexible manner , and this has been the primary driver of their success in the past 12 years and for their growth, according to feedback provided by clients of United.
United Capital Funding Corp. is the fiscally savvy option for healthy companies in the manufacturing, service, staffing, distribution, technology and professional services sectors looking to profit from the flexibility and speed of partnering with a privately held, well capitalized funding source. A partnership with United means that the company gains monetary as well as back room efficiencies when competing in the current very challenging economic environment.
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. Established in 1997, United has successfully partnered with entrepreneurial firms with annual revenue from startup stage to over $50 Million. With clients in over 34 states, 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 also has regional offices in Nashville and Phoenix . Additional information on the specialized business financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at their top rated Google website; www.ucfunding.com; via email at [email protected]; and by telephone (877) 894-8232.