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 Corp. Announces Funding For ScripsAmerica
SAINT PETERSBURG, FL: May 7, 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 ScripsAmerica, a Delaware Corporation organized to supply Prescription and Neutracuitical drugs to hospitals, nursing homes, distribution centers and end users.
Robert Schneiderman, SCRIPSAMERICA CEO announced that, "I am looking forward to a long and successful relationship with United Capital. Our relationship will allow us to better serve our growing group of clients."
“We are very pleased to be able to add ScripsAmerica to our growing list of well run, entrepreneurial clients” 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 ScripsAmerica. Funding with us is the perfect solution for many firms in the growth model like ScripsAmerica”, Mandula also noted.
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.
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 office in Nashville, Tennessee. 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@example.com; and by telephone (877) 894-8232.
ScripsAmerica is a Delaware corporation, organized to supply Prescription and Neutracuitical drugs to distribution centers, hospitals, nursing homes, and end users. This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, among others, the potential for additional customer growth from acquired operations and additional opportunities for growth. There are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: general economic business conditions, unfavorable weather conditions, the success of certain cost containment initiatives, changes in regulations or regulatory treatment, availability and the cost of capital, the success of growth initiatives, and other factors discussed in our filings with the Securities and Exchange Commissions. Additionally, this release may not be considered as legal, accounting, or investment advice, and is not, and may not be considered, a solicitation for the purchase of any securities issued by ScripsAmerica, Inc.
For more information about ScripsAmerica:
800-957-7622 ext 102
For more information about United Capital Funding:
Mark Mandula, Managing Partner
Article Posted On: May 07, 2010