Invoice Factoring Company, Universal Funding Releases February 2014 Deals - kcentv.com - KCEN HD - Waco, Temple, and Killeen

Invoice Factoring Company, Universal Funding Releases February 2014 Deals

Posted: Updated:

A California-based injection molding company had been utilizing invoice financing for about one year when they realized that they still required additional cash flow at the time they received a purchase order. The owner at the molding company maintained a good relationship with the Business Development Rep at Universal Funding Corporation, one of the country’s leading invoice factoring companies, and thought to reach out to his Rep for advice. When the Rep determined that the molding company would benefit from using PO financing in conjunction with their already established invoice financing program, the light bulb lit up.

Within a months’ time an extraordinary transformation was under way for this California- based business. No longer worrying about how to fulfill their PO’s, they were able to pay off suppliers and purchase more raw materials to produce and fulfill larger orders. Almost overnight they were able to bring their A/P current and built up their A/R with new larger accounts. “We are so grateful that our client turned to us to find a more flexible financing option that combined purchase order and accounts receivable financing,” states Universal Funding Corporation’s founder and CEO, Henry Wozow. “Our programs are uniquely designed to help businesses grow and they’re flexible to change as a company’s needs change over time. In this situation, it’s a win-win for everyone involved.” Universal Funding can provide purchase order funding for companies, up to one million dollars per month, per client, in conjunction with an invoice factoring agreement.

February Deal Update

Universal Funding Corporation funded 3 new factoring lines in February, including:

$100,000 factoring facility for a New England-based recycling center

$100,000 factoring facility for a West Coast-based aerospace supplier

$150,000 factoring facility for a Southwest-based apparel company

About Universal Funding:
Universal Funding Corporation is a direct funding source providing companies with working capital to stabilize cash flow and foster growth. Since 1998, Universal Funding has been factoring receivables and developing personalized solutions by looking at an individual business, the climate of their industry, and the strength of their customers. Universal Funding is committed to its clients and are able to offer scalable programs that grow as their customer’s business grows. Universal Funding assembled a dynamic team of specialists who strive to provide excellent service every day so that its customers will experience first-hand the value and quality of its business relationship far more than the quantity of business that they do together. Universal Funding, a factoring company based in Spokane, Washington, provides invoice factoring services for companies throughout the United States.

Media Contact
Company Name: Universal Funding Corporation
Contact Person: Heather Burford – Marketing Manager
Email: Send Email
Phone: 800-405-6035
Address:16201 East Indiana Avenue, Suite 2600
City: Spokane
State: WA
Country: United States
Website: http://UniversalFunding.com

Source: www.abnewswire.com

ReleaseID: 9735

  • Latest NewsMore>>

  • Riesel Mourns Loss of 6yr Old Boy After Crash

    Riesel Mourns Loss of 6yr Old Boy After Crash

    Tuesday, September 16 2014 11:55 PM EDT2014-09-17 03:55:43 GMT
    (RIESEL) -- An 18-wheeler and an SUV were in an accident Tuesday afternoon. It happened along Highway 6 and FM 1860 in Riesel.The extent of the injuries were unknown but there were reports that passengers had to be rescued from one of the vehicles. Two photos sent to KCEN by Kimberly Sowders, who was working nearby, showed extensive damage to the SUV. It appeared the 18-wheeler hit the SUV in the passenger side.We have a crew headed to the scene and we'll update this story as we get more info...More >>
    (RIESEL) -- An 18-wheeler and an SUV were in an accident Tuesday afternoon. It happened along Highway 6 and FM 1860 in Riesel.The extent of the injuries were unknown but there were reports that passengers had to be rescued from one of the vehicles. Two photos sent to KCEN by Kimberly Sowders, who was working nearby, showed extensive damage to the SUV. It appeared the 18-wheeler hit the SUV in the passenger side.We have a crew headed to the scene and we'll update this story as we get more info...More >>
  • Local Crooks Turn to Different Outlets to Sell Stolen Goods as Pawn Shops Improve

    Local Crooks Turn to Different Outlets to Sell Stolen Goods as Pawn Shops Improve

    Tuesday, September 16 2014 6:16 PM EDT2014-09-16 22:16:33 GMT
    Pawn Express in north WacoPawn Express in north Waco
    (KCEN) -- Pawn shops often get a bad rap; but the last few years have seen a dramatic change in the way pawn brokers operate. They're working with police more, and criminals are taking notice and changing up how they work.More >>
    (KCEN) -- Pawn shops often get a bad rap; but the last few years have seen a dramatic change in the way pawn brokers operate. They're working with police more, and criminals are taking notice and changing up how they work.More >>
  • 'A Global Threat': Obama Reveals Plan for Ebola Outbreak

    'A Global Threat': Obama Reveals Plan for Ebola Outbreak

    Tuesday, September 16 2014 5:30 PM EDT2014-09-16 21:30:31 GMT
     The United States is setting up a military command center to fight the "out of control" Ebola epidemic in West Africa, President Barack Obama said Tuesday. An Army major-general is already in place to direct a major U.S. push to build clinics, distribute supplies and train health care workers.The White House says it'll involve up to 3,000 troops and more than $500 million in spending."Hospitals, clinics and the few treatment centers that do exist are completely overwhelmed," Oba...More >>
     The United States is setting up a military command center to fight the "out of control" Ebola epidemic in West Africa, President Barack Obama said Tuesday. An Army major-general is already in place to direct a major U.S. push to build clinics, distribute supplies and train health care workers.The White House says it'll involve up to 3,000 troops and more than $500 million in spending."Hospitals, clinics and the few treatment centers that do exist are completely overwhelmed," Oba...More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN. All Rights Reserved. Users of this site agree to the Terms of Service, Privacy Notice/Your California Privacy Rights, and Ad Choices.