Spokane, WA -- (SBWIRE) -- 02/09/2016 -- Universal Funding Corporation served a total of 130 clients in 2015 by funding over 63,000 invoices that totaled over $164,000,000. This is an increase of 14.5% for total amount financed, as compared to 2014.
$3.8 million to a California-based reseller of data storage media
$3.6 million to a Colorado asphalt maintenance operation
$2 million to a warehouse solution company in California
$1.8 million to a trucking company based out of southern California
$1.5 million to a janitorial operation in Florida
$1.4 million to a Dallas based construction management firm
$1.4 million to a software company in the Florida gulf coast area
"The past few years of growth at Universal Funding have allowed us to really hone into the customer experience," says Henry Wozow, chief executive officer and principle of the factoring company. 17% of the annual volume was created from the new clients earned in 2015. "We have extremely low turnover for our staff which means our clients are working with some of the most experienced Account Executives in the factoring industry. We also have a low turnover for clients. Our invoice factoring program is meant to be a short term solution for most companies, but we find that clients choose to stay on with us beyond their initial twelve or eighteen month contract. This is especially true for clients who have worked with other factoring companies before coming to Universal Funding."
About Universal Funding Corporation
Universal is a nationwide invoice factoring solutions leader, supporting growth focused businesses with scalable factoring solutions. With its invoice factoring, payroll funding, and purchase order financing services, Universal provides clients with the necessary capital needed to grow and support their businesses without taking on new debt. Universal is committed to their clients and are able to offer scalable factoring that grows as their business grows. Based in the Pacific Northwest, Universal Funding is one of the country's leading invoice factoring companies; providing cash flow financing for businesses all across the United States. For more information, please visit www.universalfunding.com.
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216