Universal Funding announced today their April 2013 indicates a strong start for Q2 when comparing against April 2012 numbers.
April’s growth over last year’s numbers was not the result of acquisition or any major marketing campaign. It is a good indicator of economic growth as more businesses are seeking factoring services to fund growth and increased production
“The growth we saw in April was the natural organic growth from a company that focuses on its customers, minding our P’s and Q’s, and just doing a good job of taking care of our customer’s needs.” says Henry Wozow, CEO.
Some of these new client accounts include:
A $1,000,000 factoring line for a Railway Inspection Company based out of Houston, TX
A $400,000 factoring line for a Security Personnel & Staffing Company based in Las Vegas, NV
A $350,000 factoring line for an Oilfield Consulting Firm located in Flagler, CO.
As indicated on this list, Universal Funding’s clients offer a wide range of services including transportation, staffing, and oil and energy. .
Universal Funding advances money to businesses of all sizes. The cash advances are based on a percentage of the value that company’s accounts receivables. 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. All too often the loans were turned down or came with exorbitant fees.
The factoring invoices and factoring receivables 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.
This fast financing option is not new to the business world, but what makes Universal Funding unique is its roots of family ownership and its customized customer care. Universal Funding takes the time and energy necessary to get to know each of its customers and then creates a customized program that is unique to that customer and their needs.
Every factoring receivables agreement with Universal Funding is highly tailored to the specific needs of your business and industry. With Universal Funding’s executive family having over 65 years of combined experience in factoring receivables, businesses can be confident that they are in good hands.