This is even more of an accomplishment when you consider that the Fortune 500 companies represent 2/3 of the U.S. GDP with $12 Trillion in revenues, $890 Billion in profits, $19 Trillion in market value, and employ 28.2 Million people worldwide, according to Fortune Magazine
SAINT PETERSBURG, Fla. (PRWEB) December 20, 2018
Mark Mandula, CMO of United Capital Funding Group, LLC, the leading provider of professional B2B and B2G Accounts Receivable based funding and credit management solutions in the United States, announced today that it has now collateralized/acquired B2B Accounts Receivables from 41 of the top 50 Fortune 500 firms in the United States, a new record. In addition, it has collateralized/acquired B2b AR from a total of 80 of the top 100 Fortune 500 firms in the United States on behalf of its clients.
“These facts are pretty amazing, when you think about it. To have served our B2B and B2G clients by collateralizing their B2B AR from over 80% of all of the current Top 50 Fortune 500 firms over the past 21 years illustrates the wide array of services and products our clients sell to the most visible names in corporate America today,” remarked Mandula. “To put this in proper perspective, this is even more of an accomplishment when you consider that the Fortune 500 companies represent 2/3 of the U.S. GDP with $12 Trillion in revenues, $890 Billion in profits, $19 Trillion in market value, and employ 28.2 Million people worldwide, according to Fortune Magazine.”
United has collateralized 98% of the top 50 [49 out of 50] Fortune 500 companies based on the 2017 ranking. In addition to the top 10 noted in the prior Press Release, 39 of the other 40 leading companies in the United States have been collateralized by United:
United Capital Funding has particularly strong representation in key industry sectors such as: Aerospace and Defense, Chemicals, Commercial Banking, Computer and Office Equipment, Food and Drug Stores, Consumer Food Products, General Merchandisers, Pharmaceuticals and Specialty Retailers.
About United Capital Funding Group. LLC
United has grown significantly since its formation in 1997, and is now a Wholly Owned Subsidiary (WOS) of Gulf Coast Bank & Trust Company, New Orleans, Louisiana. Gulf Coast Bank & Trust Company is a $1.7 Billion F.D.I.C. insured Commercial Bank, with significant commercial finance and SBA lending expertise. United Capital Funding Group, LLC now serves clients in 24 states, and is based in Tampa Bay, Florida. United Capital Funding Group, LLC also has offices in Nashville, Tennessee and Chicago, Illinois. United Capital Funding Group, LL C utilizes a conservative, risk adverse business model to provide entrepreneurial clients with B2B and B2G Accounts Receivables based funding, professional working capital and credit management solutions.