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 has successfully protected clients from bankruptcy risk in 2009
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 firstname.lastname@example.org; and by telephone (877) 894-8232.
Article Posted On: July 01, 2009