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 CMO Serves as Chairperson and Featured Speaker at the 18th Annual Receivables
(Saint Petersburg, FL) - Mark S. Mandula, CMO of United Capital Funding Group, LLC is a featured presenter and Chairperson at 18th Annual Receivables Finance International Convention RFIX 2018, London, England March 13-15, 2018.
“I am honored to be able participate again at the leading International Conference for the Factoring Industry as a Speaker and Chairperson” commented Mandula. “As one of the few invited presenters from the United States, my presentation was a unique opportunity to educate other specialized Commercial Finance and Funding firms around the world about our industry and how to maximize future growth opportunities.”
The Conference was again organized by BCR Publishing. BCR is the worlds’ leading knowledge provider in receivables finance. BCR’s global clients include the leading commercial banks, factor, invoice discounters, corporate, Fintechs and AltFin platforms, credit insurers, laws firms, brokers and consultants. BCR also partners with numerous trade bodies and development banks. The Conference attendees included leading Managing Directors, CEOs, Presidents, International Managers and Directors from Business Finance Companies, Factoring Companies, Banks, and Asset Based Financiers. Previous BCR RFIX Conferences had factoring and supply chain experts from 27 countries including Estonia, The Netherlands, Spain, The United Kingdom, Egypt, Poland, Germany, Turkey, Belgium, Greece, Austria, Sweden, Mauritius, Croatia, Portugal, France, Cote D’Ivoire, China, Ireland, Canada, Norway, Nigeria, Finland, UAE, Romania, and Singapore attended the Conference.
About United Capital Funding Group, LLC
United has grown significantly since its formation in 1997, and is now a Wholly Owned Subsidiary (WOS) of Gulf Coast Bank & Trust Company, New Orleans, Louisiana. Gulf Coast Bank & Trust Company is a FDIC insured Commercial Bank, with significant commercial finance and SBA lending expertise. United Capital Funding Group, LLC now serves clients in 24 states, and is based in Tampa Bay, Florida. United Capital Funding Group, LLC also has an offices in Chicago and Nashville. United utilizes a conservative, risk adverse business model to provide entrepreneurial clients with Accounts Receivables based funding, professional working capital and credit management solutions.
Article Posted On: February 05, 2018