SAINT PETERSBURG, FL: April 1, 2010 – United Capital Funding Corp. www.ucfunding.com, the leading provider of professional Accounts Receivable based funding and credit management solutions in the United States announced that it has successfully funded a significant number of new client relationships. United will provide professional AR factoring, Credit insurance coverage and efficient AR Accounts Receivable management solutions to these new clients. Services provided will allow them to strengthen their cash flow, streamline internal operations and assist it in competing successfully in the current challenging economic environment.
United recently reached a milestone in December 2009 when it announced that it has reached $1 Billion in client funding since its’ formation in 1997. In addition, United announced on March 14, 2010 that it had successfully renewed its Senior secured Funding facility with First Tennessee Bank, a subsidiary of First Horizon National Corp.
New Client relationships include the following:
- A $100,000 Accounts Receivable funding facility to an Arizona service firm.
- A $75,000 Accounts Receivable funding facility to a Maryland staffing firm.
- A $200,000 Accounts Receivable funding facility to a Tennessee service firm.
- A $50,000 Accounts Receivable funding facility to a Connecticut consulting firm.
- A $100,000 Accounts Receivable funding facility to a Mississippi service firm.
- A $50,000 Accounts Receivable funding facility to an Ohio staffing firm.
- A $35,000 Accounts Receivable funding facility to a Georgia consulting firm.
- A $500,000 Accounts Receivable funding facility to a Pennsylvania distribution firm.
- A $100,000 Accounts Receivable funding facility to a Florida service firm.
- A $900,000 Accounts Receivable funding facility to a Georgia distribution firm.
- A $900,000 Accounts Receivable funding facility to a Georgia distribution firm.
- A $150,000 Accounts Receivable funding facility to a Georgia service firm.
- A $200,000 Accounts Receivable funding facility to a Florida service firm.
- A $150,000 Accounts Receivable funding facility to a California staffing firm.
- A $100,000 Accounts Receivable funding facility to a Florida service firm.
- A $1,100,000 Accounts Receivable funding facility to a North Carolina manufacturing firm.
- A $50,000 Accounts Receivable funding facility to a Florida distribution firm.
- A $200,000 Accounts Receivable funding facility to a Florida service firm.
- A $400,000 Accounts Receivable funding facility to an Indiana manufacturing firm.
- A $300,000 Accounts Receivable funding facility to a Florida distribution firm.
- A $15,000 Accounts Receivable funding facility to a Tennessee service firm.
- A $200,000 Accounts Receivable funding facility to a Tennessee service firm.
- A $250,000 Accounts Receivable funding facility to a Pennsylvania service firm.
- An $180,000 Accounts Receivable funding facility to a South Carolina service firm.
- A $205,000 Accounts Receivable funding facility to a Tennessee service firm.
- A $100,000 Accounts Receivable funding facility to an Ohio staffing firm.
“We are very pleased that that all of these firms have selected us to serve their working capital needs” remarked Mark Mandula, Managing Partner of United. “Every relationship that we have, with our clients now located in more than 34 states is an honor. We have built an excellent reputation by providing professional services in an equitable, fast and flexible manner – this has been the primary driver of our success in the past 14 years and for our growth, especially as we take on important new client relationships such as these. Funding with us is the perfect solution for many firms in the growth mode, and when our client needs a strong financial partner”, Mandula also noted.
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.