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.
United Capital Funding $1 Billion Funding Milestone Achieved
Saint Petersburg, Florida, December 15, 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 reached $1 Billion in funding for clients since formation in 1997.
United Capital Funding, based in Saint Petersburg, Florida, began operations in 1997, utilizing a conservative, risk adverse business model to provide entrepreneurial clients with Accounts Receivables based funding and professional credit management solutions. Starting with a single Florida based client, United now serves clients in 34 states, and now also has offices located in Nashville, Tennessee and Phoenix, Arizona.
“We are honored to be able to accomplish this historic milestone in 2009, in spite of a very challenging economic environment,” said Mark Mandula, Managing Partner of United Capital. “It is testament to our great clients, partners, and employees that we have been able to operate successfully and achieve this milestone this month; recalling that our firm was formed by our Chairman, Jerry Curley in 1997. We thank each and every one of them for being a key part of our success.”
United Capital has been able to support this growth, due to support from key partners such as First Tennessee Bank, Memphis, Tennessee. In addition, United Capital’s state of the art online tools allow clients to access information securely via the Internet, which has contributed to the significant expansion at United. Clients are able to access critical information to allow them to more profitably manage their businesses at United’s top rated Google website, www.ucfunding.com
"We plan to leverage our success and look forward to growing in 2010”, Mandula also commented. "Our goal is serve our clients to the best of our ability, and continue to manage utilizing a conservative, professional approach to providing AR based funding to clients nationally."
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: December 15, 2009