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 Managing Partner Presentation At 3rd Annual SME Banking & Financing:A Step forward In Kuala Lump
Mark S. Mandula, Managing Partner of United Capital Funding Corp recently spoke as an invited speaker and served as Chairperson at the “3rd Annual SME Banking & Financing: A Step Forward International Conference,” held at the Prince Hotel and Residence, Kuala Lumpur, Malaysia, October 15/16th, 2008.
“In these times of unprecedented global credit turmoil, we believe it is very important to make available to financial firms like ours globally some of the marketing tools we have found successful in the United States when providing working capital to SME [Small and Medium Sized Enterprises],” commented Mandula. “As the only speaker invited from the United States at the conference, my presentation was a unique opportunity to educate other financial CEO’s from firms based in Asia, Africa, Australia, and Europe about the current environment for SME funding in the United States, and how to profitably market their funding services in a very quickly changing environment.”
As conference organizers Marcus Evans noted, “SMEs in Asia face complications in acquiring market intelligence and beneficial business information, lack of innovation, and securing capital and funding. Banks and financial institutions need to develop suitable products and services to support SMEs from all areas in order to grow in every level of its business growth cycle – from start to success.”
The global conference, organized by Marcus Evans, an international business events and information company, included CEOs, Presidents, Corporate Bankers, Relationship Bankers, Corporate Credit Risk Managers, Business Development Specialists, and Product Development experts from banks, SME funds, securitization firms, loan agencies, credit companies, investment banks, factoring firms, financial institutions, credit rating agencies, credit bureaus, and government agencies from four continents. Marcus Evans has offices in over 36 countries around the globe, and delivers intelligence and business products in the capital markets, life sciences, defense, healthcare, information technology, and legal sectors.
Mandula’s presentation was entitled “Forwarding Profitable SME Marketing in Specialized Financial Services to Client Relationships.” Other speakers and attendees included global leaders from India, Pakistan, Malaysia, Indonesia, Philippines, Nepal, Bangladesh, Sri Lanka, Kenya, United Arab Emirates, and other nations.
Mandula currently serves as a Managing Director of United Capital Funding Corp., a Florida based firm providing professional specialized funding for firms nationally utilizing Accounts Receivables as collateral, otherwise commonly known as factoring. United Capital Funding Corp. also provides Accounts Receivable management services to clients ranging from “start ups” to well-established, rapidly growing entities and SMEs.
Mandula was instrumental in the firm being awarded the Small Business of the Year Award, based on seven criteria established by the United States Small Business Administration [SBA]. Clients of United Capital Funding Corp., are currently located in 34 states and include manufacturing, distribution, service, staffing, retail, and technology sectors firms.
He has previously served as Executive Vice President and Principal in an investment banking firm that was involved in over 500 merger & acquisitions transactions in the financial services industry. He has been an invited speaker at the American Bankers Association National Convention, invited lecturer for seven years at the Bank Administration Institute National Banking School and Independent Bankers Association of America National Conference, and has also been a speaker at numerous corporate presentations, including IBM and others.
He has published in print/online over 100 articles on small business management, factoring, Accounts Receivable management disciplines, and most recently has had 21 articles on “Winning Business in Invoice Finance” published on www.factorscan.com
He has published or coauthored several books on strategic planning process and valuation techniques in the M&A process. He has also had articles published in Mergers and Acquisitions: The Journal of Corporate Venture, ABA Banking Journal, and other financial industry publications. He was an invited presenter at BCR’s International Factoring Conferences in Hong Kong , Madrid, Spain  and Shanghai . In addition, he was a feature speaker at the Marcus Evans International Conference on “Successfully Developing and Selling Factoring Products and Services” held in Amsterdam, The Netherlands in May 2008. He was also a presenter/moderator on the invoice funding and factoring industry at the American Cash Flow Annual Conference, San Francisco. He can be reached via email at firstname.lastname@example.org, telephone at (877) 894-8232, or online at www.ucfunding.com
Article Posted On: October 23, 2008