“Over half of the new clients that we acquired last month are on the Atlantic seaboard,” noted Universal Funding’s CEO, Henry Wozow.
Some of the new factoring accounts that started factoring facilities in May include:
A $100,000 factoring line for a paint and coatings manufacturer in North Carolina
A $300,000 factoring line for a commercial plumbing maintenance company in California
An $80,000 factoring line for a piping fabricator in North Carolina
A $40,000 factoring line for an IT consultant agency in the Boston metro area
A $100,000 factoring line for an employment agency in Tennessee
An $80,000 factoring line for a commercial electronics supplier in the SLC metro area, and
A $100,000 factoring line for a mystery shopping service based in the Baltimore metro area
“In April we set-up a handful of new clients clustered in Florida,” shares Wozow. “Now we’ve added even more new clients along the eastern shore. We will continue to watch this positive trend of business expansion on the East Coast.” This is upbeat news for a region that has been continually battered by tornadoes, rains, flooding, and other weather anomalies in recent month.
About Universal Funding:
Universal Funding Corporation, one of the country’s leading factoring companies, is a privately-held invoice factoring company providing businesses with working capital to stabilize cash flow and foster growth. Since 1998, Universal has been developing personalized invoice factoring finance programs for a variety of industries including the staffing, transportation, printing, and oilfield industries. Based in Spokane, Washington, Universal Funding provides account receivable financing for companies throughout the United States.
Company Name: Universal Funding Corporation
Contact Person: Heather Burford, Marketing Manager
Email: Send Email
Address:16201 East Indiana Avenue, Suite 2600
Country: United States