Universal Funding Corporation served a total of 130 clients in 2015 by funding over 63,000 invoices that totaled over $164,000,000. This is an increase of 14.5% for total amount financed, as compared to 2014.
$3.6 million to a Colorado asphalt maintenance operation
$2 million to a warehouse solution company in California
$1.8 million to a trucking company based out of southern California
$1.5 million to a janitorial operation in Florida
$1.4 million to a Dallas based construction management firm
$1.4 million to a software company in the Florida gulf coast area
“The past few years of growth at Universal Funding have allowed us to really hone into the customer experience,” says Henry Wozow, chief executive officer and principle of the factoring company. 17% of the annual volume was created from the new clients earned in 2015. “We have extremely low turnover for our staff which means our clients are working with some of the most experienced Account Executives in the factoring industry. We also have a low turnover for clients. Our invoice factoring program is meant to be a short term solution for most companies, but we find that clients choose to stay on with us beyond their initial twelve or eighteen month contract. This is especially true for clients who have worked with other factoring companies before coming to Universal Funding.”