United Capital Funding Group Provides $17.56MM in Facilities, A/R Management in Q4/22

United Capital Funding Group, a Florida-based factoring firm, completed 10 transactions totaling $17.56 million in accounts receivable financing in Q4/22.

“Small businesses are the lifeblood of the U.S. economy: they create most net new jobs and drive U.S. innovation and competitiveness. As we close 2022 and start 2023, I’m incredibly pleased about our new business momentum by helping so many small businesses located throughout the country with an alternative source of financing when it’s most needed,” Nicholas Pittas, national sales manager of United Capital Funding, said.

Factoring deals include:

• $6 million credit facility to a New York-based logistic solutions company.

• $5 million credit facility to a North Carolina-based pharmaceutical company that specializes in women’s wellness.

• $4.5 million credit facility to a Tennessee-based utility contractor.

• $750,000 credit facility to a North Carolina-based temporary staffing company.

• $350,000 credit facility to an Ohio-based temporary staffing company.

• $350,000 credit facility to a Florida- based temporary staffing company.

• $250,000 credit facility to a Florida-based government contractor.

• $160,000 credit facility to a Tennessee-based temporary staffing company.

• $150,000 credit facility to a Texas-based temporary staffing company.

• $50,000 credit facility to a Connecticut-based management consulting services company.