“This growth was the natural organic growth from a company that focuses on its customers, minding our P’s and Q’s, and just doing a good job of taking care of our customer’s needs.” says Henry Wozow, CEO
Spokane, WA (PRWEB) June 04, 2013
Universal Funding announced today their May 2013 sales grew by over 200% over May 2012 numbers.
Although many companies show sales growth numbers through a major initiatives, in this case, Universal funding has traditionally taken a slow and steady growth strategy for over the last 20 years.
May’s growth was not the result of acquisition or any major marketing campaign.
“This growth was the natural organic growth from a company that focuses on its customers, minding our P’s and Q’s, and just doing a good job of taking care of our customer’s needs,” says Henry Wozow, CEO
These new customers include:
A $40,000 factoring line for an oilfield company based out of Shamrock, TX
A $150,000 factoring line for an oilfield service provider based in Alvin, TX
A $200,000 factoring line for a shipping & freight services company located in Bozeman, MT.
A $350,000 factoring line for a business service provider located in San Juan Capistrano, CA.
As this list indicates, Universal Funding’s clients range from services to manufacturing, from oil to gold, from east coast to west coast, and everything in between.
Universal Funding advances money to both small and medium sized businesses based on that company’s accounts receivables. In the past, companies needing cash for expansion were forced to approach banks or private lenders for loans. These lenders in turn looked to the company’s hard assets for collateral. And all too often the loans were turned down or came with exorbitant fees.
The factoring invoices and factoring receivables services provided by Universal Funding are a very attractive alternative to traditional bank loans. In this case, the client company’s accounts receivables can be advanced up to 90%. With low fees and fast turnaround, often in a matter of days, more and more businesses are turning to this attractive alternative.
This financing option is not new to the business world, but what makes Universal Funding unique is its roots of family ownership and its customized customer care. Universal Funding takes the time and energy necessary to get to know each of its customers and then creates a customized program that is unique to that customer and their needs.
Not all businesses are the same, nor are their financial needs. That is why any factoring receivables agreement should be highly tailored to the specific needs of your business. With Universal Funding’s executive family having over 65 years of combined experience in factoring receivables, businesses can be confident that they are in good hands.