Invoice Factoring Company, Universal Funding Releases February 2014 Deals - KNOE 8 News; KNOE-TV; KNOE.com |

Invoice Factoring Company, Universal Funding Releases February 2014 Deals

Posted: Updated:

A California-based injection molding company had been utilizing invoice financing for about one year when they realized that they still required additional cash flow at the time they received a purchase order. The owner at the molding company maintained a good relationship with the Business Development Rep at Universal Funding Corporation, one of the country’s leading invoice factoring companies, and thought to reach out to his Rep for advice. When the Rep determined that the molding company would benefit from using PO financing in conjunction with their already established invoice financing program, the light bulb lit up.

Within a months’ time an extraordinary transformation was under way for this California- based business. No longer worrying about how to fulfill their PO’s, they were able to pay off suppliers and purchase more raw materials to produce and fulfill larger orders. Almost overnight they were able to bring their A/P current and built up their A/R with new larger accounts. “We are so grateful that our client turned to us to find a more flexible financing option that combined purchase order and accounts receivable financing,” states Universal Funding Corporation’s founder and CEO, Henry Wozow. “Our programs are uniquely designed to help businesses grow and they’re flexible to change as a company’s needs change over time. In this situation, it’s a win-win for everyone involved.” Universal Funding can provide purchase order funding for companies, up to one million dollars per month, per client, in conjunction with an invoice factoring agreement.

February Deal Update

Universal Funding Corporation funded 3 new factoring lines in February, including:

$100,000 factoring facility for a New England-based recycling center

$100,000 factoring facility for a West Coast-based aerospace supplier

$150,000 factoring facility for a Southwest-based apparel company

About Universal Funding:
Universal Funding Corporation is a direct funding source providing companies with working capital to stabilize cash flow and foster growth. Since 1998, Universal Funding has been factoring receivables and developing personalized solutions by looking at an individual business, the climate of their industry, and the strength of their customers. Universal Funding is committed to its clients and are able to offer scalable programs that grow as their customer’s business grows. Universal Funding assembled a dynamic team of specialists who strive to provide excellent service every day so that its customers will experience first-hand the value and quality of its business relationship far more than the quantity of business that they do together. Universal Funding, a factoring company based in Spokane, Washington, provides invoice factoring services for companies throughout the United States.

Media Contact
Company Name: Universal Funding Corporation
Contact Person: Heather Burford – Marketing Manager
Email: Send Email
Phone: 800-405-6035
Address:16201 East Indiana Avenue, Suite 2600
City: Spokane
State: WA
Country: United States
Website: http://UniversalFunding.com

Source: www.abnewswire.com

ReleaseID: 9735

  • Most Popular StoriesMost Popular StoriesMore>>

  • Black bear plays hide-and-seek in Winnsboro

    Black bear plays hide-and-seek in Winnsboro

    Sunday, August 31 2014 3:16 PM EDT2014-08-31 19:16:24 GMT
    WINNSBORO, La. (KNOE 8 News) - One KNOE viewer sent in some cute video of what looks to be a Louisiana Black Bear hanging out in a rice field.
    WINNSBORO, La. (KNOE 8 News) - One KNOE viewer sent in some cute video of what looks to be a Louisiana Black Bear hanging out in a rice field.
  • Second arrest made in April 2013 murder

    Second arrest made in April 2013 murder

    Saturday, August 30 2014 3:00 PM EDT2014-08-30 19:00:56 GMT
    MONROE, La. (KNOE 8 News) - A second arrest has been made in the April 2013 murder of Steve Brown.
    MONROE, La. (KNOE 8 News) - A second arrest has been made in the April 2013 murder of Steve Brown.
  • US judge blocks enforcement of new La abortion law

    US judge blocks enforcement of new La abortion law

    Monday, September 1 2014 12:02 AM EDT2014-09-01 04:02:42 GMT
    BATON ROUGE, La. (AP) — A federal judge has temporarily blocked enforcement of Louisiana's restrictive new abortion law.
    BATON ROUGE, La. (AP) — A federal judge has temporarily blocked enforcement of Louisiana's restrictive new abortion law.
  • Two women arrested on conspiracy, fraud and forgery

    Two women arrested on conspiracy, fraud and forgery

    Saturday, August 30 2014 7:21 PM EDT2014-08-30 23:21:06 GMT
    WEST MONROE, La. (KNOE 8 News) - Two Monroe women have been arrested for multiple counts of conspiracy, fraud, and forgery. West Monroe Police say former Cash Time employee Kisha Scott allegedly set up several fake accounts in order to get hundreds of dollars from each one.' Police report Mary Mustin helped Scott steal the money.  
    WEST MONROE, La. (KNOE 8 News) - Two Monroe women have been arrested for multiple counts of conspiracy, fraud, and forgery. West Monroe Police say former Cash Time employee Kisha Scott allegedly set up several fake accounts in order to get hundreds of dollars from each one.' Police report Mary Mustin helped Scott steal the money.  
  • Louisiana police arrest man in Montana killing

    Louisiana police arrest man in Montana killing

    Sunday, August 31 2014 3:06 PM EDT2014-08-31 19:06:59 GMT
    SHREVEPORT, La. (AP) - Shreveport police say a two-day manhunt has brought the arrest of a 27-year-old man accused in Montana of killing a homeless man.
    SHREVEPORT, La. (AP) - Shreveport police say a two-day manhunt has brought the arrest of a 27-year-old man accused in Montana of killing a homeless man.
  • San Antonio man shoots two children during domestic dispute

    San Antonio man shoots two children during domestic dispute

    Sunday, August 31 2014 2:47 PM EDT2014-08-31 18:47:50 GMT
    SAN ANTONIO, Tx. (KENS) - A shooting in southeast San Antonio left two children riddled with gunshot wounds Saturday.
    SAN ANTONIO, Tx. (KENS) - A shooting in southeast San Antonio left two children riddled with gunshot wounds Saturday.
  • Search Engine benipal Launches Online Marketplace

    Search Engine benipal Launches Online Marketplace

    Search Engine benipal.com announces the launch of its Online Marketplace offering individuals, sellers and merchants a unique venue to showcase and sell their New and Used products online. Offering simple, easy...
    Search Engine benipal.com announces the launch of its Online Marketplace offering individuals, sellers and merchants a unique venue to showcase and sell their New and Used products online. Offering simple, easy product...
  • 49ers linebacker Aldon Smith suspended by NFL

    49ers linebacker Aldon Smith suspended by NFL

    Friday, August 29 2014 9:30 PM EDT2014-08-30 01:30:05 GMT
    San Francisco 49ers linebacker Aldon Smith has been suspended for nine games by the NFL after a series of off-field legal issues.
    The San Francisco 49ers have been preparing for months to play on without Aldon Smith over an extended period.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KNOE. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.