Factoring Company Provides $450K in Factoring in March ’14

April 2, 2014 – Universal Funding Corporation announced that three clients were brought on in March of 2014 to wrap up the first quarter of newly funded clients. 

 “The three clients we brought on in March represent varying industries like staffing, distribution, and video production.  With Q1 coming to a close, we have more inquiries for accounts receivable financing than ever,” states Universal’s President, Kyle Bergstedt. 

The new accounts that started factoring facilities in March include:

A $200,000 factoring facility for a coffee distributor based in the Bay Area

A $50,000 factoring facility for a film production company on the east coast, and

A $200,000 factoring facility for a staffing firm based in the Bay Area

“We set-up more new clients in California every year as the state economy continues to grow and stabilize,” shares Bergstedt.  “Acquiring two new clients in the Bay Area in one month shows us this is a region in the midst of growth phase and we’re happy that our financing solutions foster that growth.”

Leave a Reply