Maintain growth with fast financing
Larry – Pro Building Maintenance
“We no longer have to make the choice of making payroll or accepting a new job.”
Thank you, Larry! We’re happy to have served you and look forward to your continued success. Watch the following video to see what we were able to do for Pro Building Maintenance.
We recently sat down with Larry, a new client of Universal Funding’s, to find out why his company chose to factor their invoices.
Q: What was life like before you started invoice factoring?
Larry: We previously funded growth spurts with credit cards, assuming personal risk, and we waited 45 days to get payment from our biggest customer.
Q: What differentiated Universal Funding from all other factoring companies?
Larry: The account rep who manages my account on a daily basis and other people on her team are some of the best people I’ve worked with. I also appreciated that no new debt was being generated. I don’t like debt.
Q: How has working with Universal Funding made your work easier?
Larry: We have stabilized our cash flow and can anticipate needs. We are now able to look at monthly projections, and it’s easier to accept new work without being strapped for cash.
Q: What is an obstacle that could have prevented you from using factoring services?
Larry: Larger companies are a bit more understanding of businesses using this technique to finance growth. I was careful on how this was presented to my customers. I expressed to them that we chose to work with a funding partner as a part of an accelerated growth program and this allows us to accept more work. The staff at Universal Funding has been professional and protective of my relationship with my customers.
Q: What did you find as a result of invoice factoring?
Larry: Reduced stress and we no longer have to make the choice of making payroll versus accepting a new job. It allowed us to grow revenues from $3M to $7M in a matter of months.
If you’re like Larry and ready to choose invoice factoring as your growth solution give us a call.