Spokane, WA -- (SBWIRE) -- 03/17/2015 -- Universal Funding Corporation welcomes new clients that commenced invoice factoring programs in February of 2015. The factoring lines totaled more than $1.5 million dollars per month.
"Half of our new clients this month are based in Florida again. Each month we gain more clients based out of Florida as the economic conditions in that state are prime for our factoring services," shares Universal Funding's President, Kyle Bergstedt. "While the reports show that the state of Florida is still a few years from being fully recovered, the GDP is advancing in the right direction."
Florida's GDP is advancing, albeit slower that the national average, while the personal income growth exceeds the national average. Other statistics show that the unemployment rate is at a 6 year low and that funding has been allocated towards building up transportation infrastructure which inevitably furthers trade.
The some of the new clients that commenced invoice factoring financing programs in February include:
A $150,000 factoring line for an IT consultancy in Florida
A $100,000 factoring line for a medical device manufacturer in Florida
A $700,000/month factoring line for a roustabout operation based in Texas
A $600,000 factoring line for a data storage supplier in California
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 Funding has been personalizing invoice factoring financing solutions by examining each business, the climate of their industry, and the strength of their customers. They are committed to their factoring clients and are able to offer scalable programs that grow as their business grows. Universal assembled a dynamic team of specialists, who strive to provide the same excellent service every day. Universal's clients experience first-hand the value of Universal's business relationships. Those relationships are far more than the quantity of business that they do together. Based in Spokane, Washington, Universal Funding provides account receivable financing for companies throughout the United States.
Contact:
Universal Funding Corporation
Heather Burford, Marketing Manager
Heatherb@UniversalFunding.com
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216
http://UniversalFunding.com
800-405-6035