Spokane, WA -- (SBWIRE) -- 09/17/2015 -- Universal Funding, a business finance company that specializes in invoice financing, provided $1.5MM in accounts receivable financing to five new clients in August. As these new relationships grow over the course of a year, Universal will provide up to $18MM in financing to these companies.
The new accounts that commenced invoice factoring facilities in August include:
A $200,000 monthly line for a trucking operation based in Tennessee
A $150,000 monthly line for a wholesale distributor based in Massachusetts
A $200,000 monthly line for a sport court resurfacing operation based in Florida
A $500,000 monthly line for a trucking company based in California, and
A $500,000 monthly line for a crane fabrication company based in North Carolina
"Over the next two months we anticipate seeing more wholesalers, distributors, and trucking companies to inquire about our factoring services," says Ryan McCrery, Universal Funding's VP of Business Development. "As retailers start stocking up with holiday inventory the wholesale and trucking industries will be busy but prone to cash flow shortages. Our services help these companies run smoothly without interrupting their services due to extended terms and slow paying customers."
About Universal Funding Corporation
Universal is a nationwide leader in invoice factoring solutions, 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. They are 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 factoring companies; providing cash flow financing for businesses all across the United States.
For more information, please visit http://www.universalfunding.com
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216