Saint Petersburg, Florida (PRWEB) September 25, 2013
United Capital Funding Corp., the leading provider of professional Accounts Receivable based funding and working capital management solutions in the United States today announced that it has exceeded $2 Billion in funded and managed relationships since its formation in 1997.
“We are honored to be able to accomplish this historical milestone in 2013, in spite of a very challenging and unsettled economic environment,” said Mark S. Mandula, Managing Partner of United Capital Funding Corp. “It is truly a testament to our great clients, partners and employees that we have been able to serve our clients successfully. We thank each and every one of them for being a key part of our success. Considering that it took our firm 12 years  to provide our initial $1 Billion in funding, to be able to provide and manage the next $1 Billion in less than 4 years time is remarkable. ”
United Capital has been able to support this growth, due to support from a strategic relationship with First Tennessee Bank, a subsidiary of First Horizon National Corp., (NYSE: FHN). Starting with a single Florida based client, United Capital now serves clients in 29 states, and is based in the Tampa Bay, Florida. United Capital Funding Corp. also has an office in Nashville, Tennessee. United Capital Funding Corp. utilizes a conservative, risk adverse business model to provide entrepreneurial clients with Accounts Receivables based funding, professional working capital and credit management solutions.
United Capital Funding is the fiscally savvy alternative for healthy companies in the staffing, government, manufacturing, service, distribution, technology and professional services sectors looking to profit from the flexibility and speed of partnering with a privately held, well capitalized source. A partnership with United Capital Funding Corp. results in a client gaining monetary as well as back room efficiencies to better compete in the current very competitive economic environment.
About First Horizon
The 4,300 employees of First Horizon National Corp. (NYSE:FHN) provide financial services through about 180 bank locations in and around Tennessee and 21 FTN Financial Group offices in the U.S. and abroad. First Tennessee Bank has the leading combined market deposit share in the counties where it does business and one of the highest customer retention rates of any bank in the country. FTN Financial is a capital markets industry leader in fixed income sales, trading and strategies for institutional clients in the U.S. and abroad. FHN has been recognized as one of the nation's best employers by AARP and Working Mother magazines. More information is available at http://www.fhnc.com.
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. Providing solutions with Intelligent.Working.Capital, since 1997 United has successfully provided funding or management of in excess of $2 billion to entrepreneurial firms with annual revenue from startup stage to over $50 Million. 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