Cash flow problems? We will help you turn your accounts receivables in to working capital!
- Rates start as low as 0.55%
- Approval within 72 hours
- Receive an advance worth 95% of the value of your invoices in a matter of minutes
A lot of our clients come to us after being dissatisfied with another factoring company. Here are a few reasons that make the Universal Difference.
Your success is our success; we will tailor an accounts receivable financing program to perfectly fit your business needs. Our principals and executive team are available to speak with you at any time. You will be assigned a dedicated Account Executive who always knows the status of your account.
Universal’s factoring application can be completed in just a few minutes. Approval can be provided as quickly as two business days. Once you’re approved and your account is set up, funding can begin as quickly as two hours after submitting your accounts receivable invoices.
We anticipate your company’s growth; therefore your line of capital can grow with you. Our flexibility allows opportunities for more working capital as the need arises. When taking on new customers, Universal Funding will conduct due diligence for you, to help determine the risk of adding them to your client portfolio. We will also obtain A/R insurance when necessary to protect your business.
Choosing Universal Funding for your accounts receivables factoring solution is the quickest and easiest way to improve your cash flow. The Universal difference means you will receive top notch customer service when factoring your receivables.
Invoice Factoring Rates
When you are interested in an invoice factoring service, you absolutely need to shop around for invoice factoring rates. By knowing competitive invoice factoring rates, you can determine whether or not you are paying a good price for your service. Invoice factoring rates are the fees based on a percentage of the value of the invoices you plan to factor. Some factoring companies have a flat rate that they apply to every company that they serve. At Universal Funding we look at many variables to determine your rate which is why we can be lower than our competition. We look at your monthly sales volume, your customers’ credit strength, trends in your customer payment cycles, total invoice amounts, and the current climate of your industry.
Often times, when businesses feel the stress of maintaining their payroll management, they can sell their accounts receivables to a qualified factoring company that will provide immediate financing for the transaction. This is something that many businesses do in order to stay afloat financially, when their clients have extended payment terms and they are struggling to pay vendors.
Invoice factoring rates that you’ll find with Universal Funding are incredibly competitive compared to other factoring companies. We provide the highest advance rates and lowest fees for our clients so they get the largest percentage of their assets to put back toward their business. We want to see our clients succeed and be prosperous in the coming years, and we help you do that by providing affordable services. If your company needs financial assistance to keep payroll and vendors pleased, don’t give up!
To determine the lowest possible rates please call 1-800-405-6035 or fill out a rate form, and one of our Business Development professionals will follow-up with you.
30, 60, 90 Days to Cash or How About Right Away?
Most B2B businesses who utilize other businesses in order to provide their products and services to their customers offer payment terms of 30, 60, or 90 days before an invoice must be paid. This is a way that companies extend credit to one another and it helps the world go round, so to speak. “You scratch my back and I scratch yours.”
The only trouble with this arrangement of payment terms is that there’s sometimes a long wait to get paid for the products and services that have already been fulfilled. It can be tricky to continue to provide products and services to other customers while waiting 30, 60 or 90 days for outstanding payments to come in. Those outstanding payments are an asset as accounts receivable, but they don’t do much good unless they can be converted to cash and used for operations.
One clever way to bridge the gap between invoice and payment is by factoring invoices. Once an invoice has been received the business turns to a factoring company, such as Universal Funding. The factor purchases the company’s unpaid invoices at a discounted rate and provides an immediate cash advance for the products and services sold to the company’s customers.
It’s like a business cash advance without acquiring any additional debt. For more information on accounts receivable factoring or for a quote, click here or call Universal Funding Corporation at 1-800-405-6035.
Why You Should Factor Receivables
There is no business rule that requires you to get the financing you need to continue operating your business from a bank. There are many ways for you to get the additional financing you need to take advantage of a sudden upsurge in the number of orders you have received for your goods and services. Invoice factoring is a non-traditional financing method that enables you to use the increase in orders itself as a means of getting the cash flow you need to keep up with production and keep vendors happy.
It is often the case that companies experience a sudden and significant surge in the number of sales they make. This can happen for a variety of reasons but regardless of the cause of such an event, it is vital that the business be able to meet the new demand adequately. Universal Funding provides a fast financing option.
Creating the production capacity needed to meet an increase in demand sometimes requires hiring new personnel or acquiring new equipment. This will be an added expense—that must be paid on the spot and coming up with the cash required to bring in new resources puts many business owners in the position of having to borrow. However, when you factor receivables, your business can get an advance against the new invoices you have, and buffer the financial situation.
When you choose to factor receivables, you are using your invoices as assets and can mitigate some of the added expenses that come with growing demand for your product or services. If you are concerned about your cash flow being affected by an increase in demand please call 1-800-405-6035 or click here, and one of our Business Development professionals will follow-up with you.
Custom Capital Funding Solutions For Businesses
Each and every business has a unique way of selling its product or service, recording and billing transactions, and growing profits. Therefore, each business needs capital funding solutions for operations or growth in unique ways. That’s why Universal Funding Corporation offers custom accounts receivable factoring plans designed specifically for each business it funds.
Because a printing and publication company distributes its products and services much differently than an oil drill inspection service meets its customers’ needs, the capital funding for each business must be structured to match its individual needs. Unlike many factoring companies, Universal Funding provides personalized factoring solutions specific to not just the industry, but to each particular business we fund.
When it comes to getting paid for its products and services many businesses offer credit terms to their customers often between 30 to 90 days. This may result in cash flow delays that could threaten to slow down operations. That is when Universal Funding steps in to bridge the gap between delivery of products/services and payment. Exchanging its accounts receivable invoices for fast cash by way of factoring is a solid solution for any business in need of a fast capital funding solution.
Let Universal Funding create a specialized factoring program that is tailor-made for your business. In as quick as two business days we can assess your needs relative to the way your business operates in order to get you the capital funding that you need fast. Once your business is approved and set up for factoring we can fund in as little as two hours upon receipt of invoices. Our principals and account managers are equipped with over 65 years of combined experience in order to provide your business with personalized service and advice.
To find out how we can customize an invoice factoring solution to get the capital funding you need, call us at 1-800-405-6035 or click here to submit a rate form and one of our Business Development professionals will follow-up with you.