Universal Funding Corporation, one of the country’s premier factoring receivables and factoring invoices companies, recently announced that it has recently outgrown its current facilities at 1825 N. Hutchinson Road, Spokane, WA 99212 and plans to move April 1st to a larger facility in Spokane Valley’s River View Corporate Center. The new facility is located at 16201 East Indianan Avenue, Suite 2600, Spokane Valley, WA 99216.
Planning to hire about 10 new employees in 2013, Monica Wozow, Universal Funding’s co-owner says, “The new and larger office space will allow for steady growth and also to better serve our customers.” The added staff will support sales, administration and customer service. In the River View building they will be joining other service providers like attorneys, insurance and financial advisors, a marketing firm and a software developer.
Universal Funding advances money to both small and medium sized businesses based on that company’s accounts receivables. They have been at the Hutchinson Road location for 10 years and have outgrown the space. The move to the River View Corporate Center is a convenient move, just 12 miles from downtown Spokane, right off Interstate 90 and nestled next to the Spokane River and Centennial Trail.
Universal Funding is expanding and anticipating the growth of their clients. In the past, companies needing cash for expansion were forced to approach banks or private lenders for loans. These lenders in turn looked to the company’s hard assets for collateral. And all too often the loans were turned down or came with exorbitant fees.
The factoring services provided by Universal Funding are a very attractive alternative to traditional bank loans. In this case, the client company’s accounts receivables can be advanced up to 90%. With low fees and fast turnaround, often in a matter of days, more and more businesses are turning to this attractive alternative.