Universal Funding Corporation, a factoring company serving businesses across the United States, announced that they will provide invoice funding to the tune of $10,000,000 over the course of the next year for new clients earned in the fourth quarter of 2016.
While some businesses and industries slowdown in the fourth quarter of the year, Universal Funding has found their new clients in the wholesale and the oilfield industries, are not currently affected by seasonal slowness. New key clients using invoice factoring are:
A $200,000 monthly factoring facility for a home goods supplier based in Ohio,
A $400,000 monthly factoring facility for a wholesale/distributor in Florida,
A $200,000 monthly factoring facility for a pipeline welder out of North Carolina, and
A $70,000 monthly factoring facility for an oilfield service provider based in Wyoming.
“We found that the companies seeking our services in the fourth quarter were anticipating serious growth during the winter,” observes Universal Funding’s President Kyle Bergstedt. “Our recent wholesale clients also manufacture their goods so access to cash flow is necessary for them to maintain year over year growth. We’re elated to be able to provide them with the financing they need for a successful 2017.”