Growing Southern Companies Find Factoring Solutions with Universal Funding
Spokane, WA -- (SBWire) -- 02/19/2015 --85% of new clients working with Universal Funding in December and January are based in the southern region of the United States. These statistics are not surprising when considering the State Economic Growth Rankings that were published in the second half of 2014 by Business Insider. This is not surprising, when considering that it is based on eight changing economic measures: unemployment, non-farm payroll jobs, GDP, wages, working age population, value of international exports, housing prices, and auto sales. Universal Funding's new clients that started an invoice factoring finance program in January are based in Florida, Arizona, and Texas which are ranked #6, #4, and #3 respectively.
"Certain states in the south are experiencing a very healthy growth pattern over the past 5 years. We will continue to see developing businesses that require our services in states like Texas, Arizona, and Florida. As a region becomes more economically sound the businesses that support those communities are pumping money into the local economy by providing jobs and by purchasing supplies and services from other local businesses," states Kyle Bergstedt, President of Universal Funding. "As they grow, cash flow issues can arise even with improved revenues."
The new clients that Universal Funding acquired in January include:
A $800,000 /month factoring facility for a commercial paving operation out of Florida,
A $250,000 /month factoring facility for a custom crating company in Texas, and
An $150,000 /month facility for an asset recovery firm in Arizona
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 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 important 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.
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216
Media Relations Contact
View this press release online at: http://rwire.com/582240