Four B2B service providers will be using factoring services provided by Universal Funding to fund their business operations. The annual factoring volumes range from $2.4 million to $12 million.
Spokane, WA -- (SBWIRE) -- 12/26/2014 -- Universal Funding, a US-Based Factoring Company, Announced New Client Accounts Earned in November
Four B2B service providers will be using factoring services provided by Universal Funding to fund their business operations. Each factoring facility was custom tailored to suit the needs of each company with very diverse backgrounds and needs. The annual factoring volumes range from $2.4 million to $12 million.
"Each of our new clients acquired in November represent different industries and different markets. They are all in various stages of growth and we realize that a company that requires $200,000 per month has different needs from a company requiring $1,000,000 per month," says Henry Wozow, CEO of Universal Funding. "We build their financing program around where their productions levels are currently and can increase funding volume as the business grows."
The new clients include:
An $800,000 /month factoring facility for an oilfield service provider based in Texas
A $200,000 /month factoring facility for a freight services company operating out of Texas
A $1,000,000 /month facility for an importer and distributor in New Jersey, and
A $300,000 /month factoring facility for a business consulting firm based in Oregon
"These new deals are within industries where we already have many years of experience," says Wozow. "The need for invoice factoring continues to be prevalent for oilfield service providers, freight hauling operations, and importers/distributors due to the nature of their terms and payment cycles."
About Universal Funding Corporation
Universal Funding Corporation provides optimized cash flow solutions to its invoice factoring customers through financing accounts receivables. Established in 1998, Universal finances enterprise level businesses in the B2B sector. They are longtime members of both the International Factoring Association and the Commercial Finance Association. For information about Universal Funding Corporation, visit www.universalfunding.com.
Universal Funding Corporation
Heather Burford, Marketing Manager
16201 East Indiana Avenue, Suite 2600
Spokane, WA 99216