We are honored that even in this uncertain economic environment, we have been able to accomplish this
Saint Petersburg, FL (PRWEB) April 18, 2011
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 today that it recorded a record 1st quarter in funding for clients for the 3 months ended March 31, 2011. Funding for clients increased 13% over amounts prior year results, and current daily funding levels increased significantly over 2010 levels. United provides Intelligent Working Capital via factoring, credit insurance coverage and efficient AR Accounts Receivable management solutions to clients nationwide, and services provided allow clients to strengthen their cash flow, streamline internal operations and assist them in competing successfully in the current challenging economic environment. United recently reached a milestone in 2010 when it announced that it has reached $1.2 Billion in client funding since its formation in 1997.
"We are honored that even in this uncertain economic environment, we have been able to accomplish this," remarked Mark Mandula, Managing Partner of United. "This is truly a testament to the great team of employees, partners and clients we have. Every relationship that we have, with our clients now located in more than 34 states is an honor. 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 these," Mandula also noted.
United also recently announced a today that it had finalized an increased renewal of its' current financing facility with Memphis, Tenn. based First Tennessee Bank, a subsidiary of First Horizon National Corp. The senior-secured facility is an early renewal of a credit facility first entered into between United Capital and First Tennessee in 2006.
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. Additional information on the specialized business financial services provided by United, including factoring, Accounts Receivable management, and working capital are available online at their website; http://www.ucfunding.com; via email at mark(at)ucfunding(dot)com; and by telephone (877) 894-8232.
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