Invoice Factoring Company, Universal Funding Releases February 2014 Deals - News and Weather For The Quad Cities -

Invoice Factoring Company, Universal Funding Releases February 2014 Deals

Posted: Updated:
  • Most Popular StoriesMost Popular StoriesMore>>

  • Man Falls From Eagle Point Park Cliff

    Man Falls From Eagle Point Park Cliff

    Monday, July 28 2014 11:24 PM EDT2014-07-29 03:24:58 GMT
     Medforce landed in Eagle Point Park in Clinton, IA. this evening after a man fell from a cliff there.More >>
     Medforce landed in Eagle Point Park in Clinton, IA. this evening after a man fell from a cliff there.More >>
  • Man Found Shot In Rural Scott County-UPDATED

    Man Found Shot In Rural Scott County-UPDATED

    Monday, July 28 2014 3:56 PM EDT2014-07-28 19:56:57 GMT
    UPDATE: Officials are asking for help locating a van they say is involved in a shooting that happened early Monday morning. The Scott County Sheriff’s Office received the call around...More >>
    UPDATE: Officials are asking for help locating a van they say is involved in a shooting that happened early Monday morning. The Scott County Sheriff’s Office received the call around...
    More >>
  • Two Boats Collide Near Clinton

    Two Boats Collide Near Clinton

    Monday, July 28 2014 3:03 PM EDT2014-07-28 19:03:52 GMT
    One person was taken to the hospital after two boats collided in the Mississippi River near Clinton, Iowa over the weekend.The crash happened...More >>
    One person was taken to the hospital after two boats collided in the Mississippi River near Clinton, Iowa over the weekend.The crash happened...More >>

A California-based injection molding company had been utilizing invoice financing for about one year when they realized that they still required additional cash flow at the time they received a purchase order. The owner at the molding company maintained a good relationship with the Business Development Rep at Universal Funding Corporation, one of the country’s leading invoice factoring companies, and thought to reach out to his Rep for advice. When the Rep determined that the molding company would benefit from using PO financing in conjunction with their already established invoice financing program, the light bulb lit up.

Within a months’ time an extraordinary transformation was under way for this California- based business. No longer worrying about how to fulfill their PO’s, they were able to pay off suppliers and purchase more raw materials to produce and fulfill larger orders. Almost overnight they were able to bring their A/P current and built up their A/R with new larger accounts. “We are so grateful that our client turned to us to find a more flexible financing option that combined purchase order and accounts receivable financing,” states Universal Funding Corporation’s founder and CEO, Henry Wozow. “Our programs are uniquely designed to help businesses grow and they’re flexible to change as a company’s needs change over time. In this situation, it’s a win-win for everyone involved.” Universal Funding can provide purchase order funding for companies, up to one million dollars per month, per client, in conjunction with an invoice factoring agreement.

February Deal Update

Universal Funding Corporation funded 3 new factoring lines in February, including:

$100,000 factoring facility for a New England-based recycling center

$100,000 factoring facility for a West Coast-based aerospace supplier

$150,000 factoring facility for a Southwest-based apparel company

About Universal Funding:
Universal Funding Corporation is a direct funding source providing companies with working capital to stabilize cash flow and foster growth. Since 1998, Universal Funding has been factoring receivables and developing personalized solutions by looking at an individual business, the climate of their industry, and the strength of their customers. Universal Funding is committed to its clients and are able to offer scalable programs that grow as their customer’s business grows. Universal Funding assembled a dynamic team of specialists who strive to provide excellent service every day so that its customers will experience first-hand the value and quality of its business relationship far more than the quantity of business that they do together. Universal Funding, a factoring company based in Spokane, Washington, provides invoice factoring services for companies throughout the United States.

Media Contact
Company Name: Universal Funding Corporation
Contact Person: Heather Burford – Marketing Manager
Email: Send Email
Phone: 800-405-6035
Address:16201 East Indiana Avenue, Suite 2600
City: Spokane
State: WA
Country: United States
Website: http://UniversalFunding.com

Source: www.abnewswire.com

ReleaseID: 9735

Powered by WorldNow

805 Brady Street, Davenport, IA 52803

Telephone: 563.383.7000
Fax: 563.383.7131
Email: news@kwqc.com

Can’t find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Young Broadcasting of Davenport, Inc. A Media General Company.