Universal Funding Corporation, a factoring company specializing in enterprise and middle market financing, has engaged four new clients in recourse factoring facilities. Over the course of the next year, Universal Funding will be providing over $25 million dollars to these new clients.
Invoice Financing Leader Provides Multi-Million Dollar Facilities Commencing in June 2015
The last month in the second quarter followed suit with previous months, boasting all new clients are southern-states-based. The new clients that Universal Funding began financing in June include:
- A $400,000 /month factoring facility for an industrial fabrication operation out of Mississippi,
- A $500,000 /month factoring facility for a commercial janitorial service in Florida,
- A $300,000 /month facility for a used motor vehicle parts supplier in Texas, and
- A $1,000,000/ month factoring facility for an Electrical Project Manager in Arkansas.
“Businesses in the south are growing and we’re able to provide them with the financing they require to grow in their markets,” shares Universal Funding’s President, Kyle Bergstedt. “54% of our new clients in 2015 are from the southern states including South Carolina, Texas, and Florida. This is the first year we’ve noticed a significant increase of southern based clients.”