Universal Funding Corporation welcomed eight new clients that started factoring receivables in June of 2014. The factoring lines totaled $2.6 million dollars.
Spokane, WA -- (SBWIRE) -- 07/23/2014 -- Universal Funding Corporation, one of the country’s leading invoice factoring companies, welcomed eight new clients that started factoring in June of 2014. The factoring lines totaled $2.6 million dollars.
“Our new clients are a mix of business consultants and IT based business,” shares Universal Funding’s President, Kyle Bergstedt. “This tells us that businesses are ready to expand and are doing so by working with consultants and investing in tech.”
The new accounts that commenced invoice factoring facilities in June include:
A $1,000,000 factoring line for an integration firm in Texas
A $500,000 factoring line for a consulting agency in the Bay Area
A $500,000 factoring line for IT consultants in Michigan
A $300,000 factoring line for a transport company in New Mexico
A $200,000 factoring line for IT specialists in California
A $50,000 factoring line for a trucking operation in Idaho
A $40,000 factoring line for a staffing agency in Louisiana, and
A $40,000 factoring line for an environmental consulting firm in Ohio
“When businesses are investing in consultants, IT, and bulking up their workforces, it’s a sign of a healthier economy, which is echoed in the recent announcement that the unemployment rate is now at its lowest point since 2008,” shares Bergstedt. “Our business finance programs ensure that the growing companies, that are fueling the economy, maintain healthy cash flows to achieve success.”
About Universal Funding
Universal Funding Corporation is a privately-held factoring company providing businesses with working capital to stabilize cash flow and foster growth. Since 1998, Universal has been developing personalized invoice factoring finance programs for a variety of industries including the staffing, IT, transportation, printing, and oilfield industries. Based in Spokane, Washington, Universal Funding provides account receivable financing for companies throughout the United States.
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216