United Capital Funding Issues $21.25MM in Total Credit Facilities During Q4 2023
ST. PETERSBURG, Fla (January 30, 2024) - United Capital Funding Group LLC, a Florida-based factoring firm completed 12 transactions totaling $21.25 million in accounts receivable financing in Q4 of 2023.
Factoring deals include:
$6,000,000 credit facility awarded to a Virginia-based research company.
$5,000,000 credit facility awarded to a Florida-based interior services firm.
$4,000,000 credit facility awarded to a California-based professional government services contractor.
$2,500,000 credit facility awarded to an Alabama-based engineering government contractor.
$1,000,000 credit facility awarded to a Texas-based machinery manufacturing company.
$750,000 credit facility awarded to a New York-based marketing firm.
$550,000 credit facility awarded to a Florida-based telecommunications company.
$400,000 credit facility awarded to an Alabama-based janitorial company.
$300,000 credit facility awarded to an Ohio-based staffing company.
$300,000 credit facility awarded to a Pennsylvania-based lighting manufacturing company.
$250,000 credit facility awarded to a North Carolina-based plastic material wholesale company.
$100,000 credit facility awarded to a Kentucky-based staffing company.
“This is a challenging time for small to midsize businesses for a variety of reasons including volatile macroeconomic conditions, increasing cost of capital, as well as a more conservative commercial credit environment,” said CEO Ivan Baker. “Financial stress and bankruptcies are also on the rise. When encountering these types of variables growing businesses need a flexible working capital solution to accommodate their growth. United aims to provide clients with a nimble funding solution while offering an additional basket of services that enhances our value proposition.”
For more information about United Capital Funding and its invoice financing services, please visit www.ucfunding.com or call our office at (877) 894-8232.
About United Capital Funding Group, LLC.
United Capital Funding Group, LLC. (UCF), a subsidiary of Gulf Coast Bank & Trust Company, is one of the nation’s leading providers of working capital finance to small and lower middle market companies, by successfully leveraging collateral due from major retailers, government agencies, and Fortune 500 companies.
Since its founding in 1997, UCF has helped more than 1,000 businesses succeed by providing efficient accounts receivable management services and supporting its customers with a reliable source of funding for managed business and government receivables.
UCF is headquartered in the Tampa Bay area and has additional offices in Nashville, Tenn., Chicago, Ill., Los Angeles, Calif., Charleston, S.C., and Columbus, Ohio. For more information, please visit our website at www.ucfunding.com.
Contact
Alina Hall, Marketing Communications Specialist
(877) 894-8232, alinahall@ucfunding.com