Spokane, WA -- (SBWIRE) -- 08/12/2016 -- Universal Funding Corporation, a direct funding source factoring company, released that they have agreed to provide invoice funding to the tune of $91,000,000 over the course of the next 1-2 years for new clients earned in the second quarter of 2016.
The second quarter and first half of the year finished strong for the factoring company Universal Funding. Over a third of their new clients who started using their factoring services in the second quarter are in the transportation or logistics based industry.
New client lines using accounts receivable financing are:
A $50,000 monthly factoring facility for a healthcare staffing company based in North Carolina,
A $50,000 monthly factoring facility for an IT consulting firm in Virginia,
A $50,000 monthly factoring facility for a trucking company out of West Virginia,
A $50,000 monthly factoring facility for an Oklahoma based trucking company,
A $60,000 monthly factoring facility for a commercial appliance repair business in South Carolina,
A $100,000 monthly factoring facility for a trucking company based in northern Texas,
A $150,000 monthly factoring facility for a manufacturer in southern Florida,
A $300,000 monthly factoring facility for a shipping logistics company based in California,
A $500,000 monthly factoring facility for a South Carolina e-waste recycling center,
A $500,000 monthly factoring facility for a drilling operation in Texas,
A $700,000 monthly factoring facility for a commercial janitorial operation out of Washington, and
A $5,000,000 monthly factoring facility for a legal services firm based in southern California.
About Universal Funding
Since 1998, Universal Funding has been creating personalized invoice factoring financing solutions by examining each business, the climate of their industry, and the strength of their customers. They are committed to their clients and are able to offer scalable factoring that grow as their business grows. Based in the Pacific Northwest, Universal Funding is one of the country's premier factoring companies; financing for companies throughout the United States.
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216