Invoice Factoring for IT Companies: How $50K/Month Solved a Payroll and Growth Challenge
When a fast-growing IT company that installs network equipment needed working capital to keep up with a surge of upcoming projects, Universal Funding Corporation stepped in with a $50,000/month invoice factoring program. The funding turned the company’s outstanding invoices into immediate cash, ensuring payroll would never be a source of stress even as new contracts rolled in. Jeffrey Kinservik, VP of Sales at Universal Funding, shares why factoring is built for exactly this kind of growth-stage cash flow gap.