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. Increase Funding Volume by 28% Over 2009 Levels
SAINT PETERSBURG, FL: January 1, 2011 – 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 today that for the year ended December 31, 2010, total funding for clients increased 28% over levels recorded for the year December 31, 2009. In addition, current daily funding levels have increased 47% over December 2009 amounts. United provides professional AR factoring, Credit insurance coverage and efficient AR Accounts Receivable management solutions to clients nationwide, and services provided allows clients to strengthen their cash flow, streamline internal operations and assist them in competing successfully in the current challenging economic environment. United recently reached a milestone in 2009 when it announced that it has reached $1 Billion in client funding since its’ formation in 1997.
“We are honored that even in this difficult economy, we have been able to serve a record number of new and existing clients as of yearend 2010” remarked Mark Mandula, Managing Partner of United. “Every relationship that we have is important to us. 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. 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 office in Nashville. Additional information on the specialized business financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at their website; www.ucfunding.com; via email at email@example.com; and by telephone (877) 894-8232.
Article Posted On: January 01, 2011