United Capital Funding Corp. Announces Funding For Prestige Products, Key Supplier in BP Oil Spill Recovery Efforts

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United Capital Funding Corp. http://www.ucfunding.com, the leading provider of professional Accounts Receivable based funding and credit management solutions in the United States announced that it has successfully funded Prestige Products, Inc., Walker, Michigan. Prestige is a key supplier to BP, manufacturing oil containment boom for the Gulf oil spill.

United Capital Funding Corp. http://www.ucfunding.com, the leading provider of professional Accounts Receivable based funding and credit management solutions in the United States announced that it has successfully funded Prestige Products, Walker, Michigan. Prestige is one of only a few companies nationally producing oil boom devices that float in the water to contain spilled oil for BP.

Brad Brussow, Prestige’s President announced that, "I am looking forward to a long and successful relationship with United Capital. The speed at which they were able to get this funding accomplished [less than 1 week, start to finish] is amazing. Our relationship will allow us to ensure we can continue to add employees and buy needed supplies without any interruption.”

“We are very pleased to be able to add Prestige to our growing list of well run, entrepreneurial clients” remarked Mark Mandula, Managing Partner of United. “They are the first client that we have funded with our recently announced [June 18, 2010] new funding initiative to help firms assisting in the Gulf oil spill cleanup effort. We have built an excellent reputation by providing professional services in an equitable, fast and flexible manner – this has been the primary driver of our success in the past 14 years and for our growth, especially as we take on important new client relationships such as Prestige.”

“Funding with us is the perfect solution for many firms that are experiencing very rapid growth, like Prestige,” Mandula also noted.

Brussow’s partner, Brian Rickel also noted that “Quick funding from United will allow us to ramp up production even more than the 12,000 feet of boom per day we are making now.” Prestige, which started this year with 5 workers, now has more than 75. “I don’t know how we would have made it without United,” Rickel commented.

As noted above, United announced on June 18, 2010 a new funding program to assist companies helping in the BP oil spill recovery efforts. United, based in the Southeast also has set up a special toll free number to make the Application process easy. Interested BP suppliers can contact United at (877) 894-8232 or online at http://www.ucfunding.com

“We are currently talking with other BP service providers, as we look forward to having the opportunity to serve them in this very important recovery effort,” Mandula commented.

United recently reached a milestone in December 2009 when it announced that it has reached $1 Billion in client funding since its’ formation in 1997. In addition, United announced on March 14, 2010 that it had successfully renewed its Senior secured Funding facility with First Tennessee Bank, a subsidiary of First Horizon National Corp.

About United Capital Funding Corporation

United Capital Funding Corp. (http://www.ucfunding.com) is the leading professional Accounts Receivable funding, and AR management services based firm in the United States today. Established in 1997, United has successfully partnered with entrepreneurial firms with annual revenue from startup stage to over $50 Million. With clients in over 34 states, United possesses the financial resources to serve firms seeking to improve their cash flow and reduce costs. United is headquartered in the Tampa Bay area, and also has regional office in Nashville, Tennessee. Additional information on the specialized business financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at their top rated Google website; http://www.ucfunding.com; via email at mark@ucfunding.com; and by telephone (877) 894-8232.

For more information about Prestige:

Brian Rickel; Telephone (616) 784-5480

For more information about United Capital Funding:
Mark Mandula, Managing Partner
Telephone (877) 894-8232

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