Invoice Factoring Company, Universal Funding Releases February 2014 Deals - ABC 33/40 - Birmingham News, Weather, Sports

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

  • Latest StoriesMore>>

  • Greene County Schools ready to "turn up"

    Greene County Schools ready to "turn up"

    Wednesday, July 30 2014 8:49 AM EDT2014-07-30 12:49:10 GMT
    The Greene County School System has announced a back to school event. It's called the “Back to School Turn-Up.” More >>
    The Greene County School System has announced a back to school event. It's called the “Back to School Turn-Up.” More >>
  • Social Media Night big draw at Regions Field

    Social Media Night big draw at Regions Field

    Wednesday, July 30 2014 7:22 AM EDT2014-07-30 11:22:59 GMT
    In Baseball, it's important to keep your eye on the ball, but local baseball fans are also keeping their eyes on social media. It's something that's helping the Birmingham Barons fill the seats for home games.Lynnsey Nowell says, "I keep up with a lot of things around Birmingham through Facebook, Twitter, Instragram. I'm one of those people always re-posting stuff." It's that effort that scored Nowell free tickets to Tuesday night' s Barons Game.She also threw the first pitch.Nowell says, "I'...More >>
    In Baseball, it's important to keep your eye on the ball, but local baseball fans are also keeping their eyes on social media. It's something that's helping the Birmingham Barons fill the seats for home games.Lynnsey Nowell says, "I keep up with a lot of things around Birmingham through Facebook, Twitter, Instragram. I'm one of those people always re-posting stuff." It's that effort that scored Nowell free tickets to Tuesday night' s Barons Game.She also threw the first pitch.Nowell says, "I'...More >>
  • Jews and Christians pack out the Levite Community Center for the largest rally since 1974

    Jews and Christians pack out the Levite Community Center for the largest rally since 1974

    Tuesday, July 29 2014 11:13 PM EDT2014-07-30 03:13:13 GMT
    The guns and rockets are on the other side of the world but the conflict is impacting people in Alabama.More >>
    The guns and rockets are on the other side of the world but the conflict is impacting people in Alabama.More >>
  • Shelby wants plan to fix Central Alabama VA

    Shelby wants plan to fix Central Alabama VA

    Tuesday, July 29 2014 9:19 PM EDT2014-07-30 01:19:22 GMT
    U.S. Senator Richard Shelby (R-Ala.) today sent a letter with U.S. Representative Martha Roby to VA Secretary Robert McDonald, who was confirmed by the Senate Tuesday. The letter requests that Secretary McDonald provide a plan within 60 days that identifies the problems at the Central Alabama Veterans Health Care System, what can be done to correct them, and a timeline for implementation. It also requests that Secretary McDonald visit the facility in Montgomery with Senator Shelby and Represe...More >>
    U.S. Senator Richard Shelby (R-Ala.) today sent a letter with U.S. Representative Martha Roby to VA Secretary Robert McDonald, who was confirmed by the Senate Tuesday. The letter requests that Secretary McDonald provide a plan within 60 days that identifies the problems at the Central Alabama Veterans Health Care System, what can be done to correct them, and a timeline for implementation. It also requests that Secretary McDonald visit the facility in Montgomery with Senator Shelby and Represe...More >>
  • Sam factor prepares Rams for sensitivity session

    Sam factor prepares Rams for sensitivity session

    Tuesday, July 29 2014 8:26 PM EDT2014-07-30 00:26:35 GMT
    To guard against another Miami Dolphins bullying scandal, NFL teams are holding sensitivity sessions during training camp.More >>
    To guard against another bullying scandal, NFL teams are holding sensitivity sessions during training camp.More >>
  • Uber blasts Birmingham Councilwoman over transportation code

    Uber blasts Birmingham Councilwoman over transportation code

    Tuesday, July 29 2014 7:14 PM EDT2014-07-29 23:14:19 GMT
    A weeks-long, heated debate over the City of Birmingham's transportation code ends with more friction.More >>
    A weeks-long, heated debate over the City of Birmingham's transportation code ends with more friction.More >>
  • UAB guard Chad Frazier granted his release from basketball program

    UAB guard Chad Frazier granted his release from basketball program

    Tuesday, July 29 2014 7:12 PM EDT2014-07-29 23:12:02 GMT
    The leading scorer on the UAB basketball team is leaving the program. Guard Chad Frazier was granted his release and will not return."Chad Frazier has been granted his release from our program," head coach Jerod Haase said in a statement. "We appreciate his contributions to our program and wish him the best." Frazier, a first team All-Conference USA selection, was arrested last month and charged with third degree domestic violence. The case was later dismissed.Frazier played one season at UAB...More >>
    The leading scorer on the UAB basketball team is leaving the program. Guard Chad Frazier was granted his release and will not return."Chad Frazier has been granted his release from our program," head coach Jerod Haase said in a statement. "We appreciate his contributions to our program and wish him the best." Frazier, a first team All-Conference USA selection, was arrested last month and charged with third degree domestic violence. The case was later dismissed.Frazier played one season at UAB...More >>
  • Stephen A. Smith suspended by ESPN for comments on Ray Rice domestic abuse discussion

    Stephen A. Smith suspended by ESPN for comments on Ray Rice domestic abuse discussion

    Tuesday, July 29 2014 6:50 PM EDT2014-07-29 22:50:13 GMT
    ESPN has suspended outspoken sportscaster Stephen A. Smith for a week because of his comments about domestic abuse suggesting women should make sure that they don't do anything to provoke an attack.More >>
    ESPN has suspended outspoken sportscaster Stephen A. Smith for a week because of his comments about domestic abuse suggesting women should make sure that they don't do anything to provoke an attack.
    More >>