Daily News: December 4, 2012

Universal Funding Announces Four Factoring Transactions


Universal Funding Corporation announced it completed four recent factoring transactions totaling $1.7 million.

The company provided a $750,000 factoring facility to a software reselling company based in Florida.

Universal also funded a $450,000 factoring facility to an Internet advertising company in Delaware.

The company closed a $300,000 factoring facility to a custom signs company in Washington.

Universal Funding also provided a $200,000 factoring facility to an oil and natural gas company in Texas.

Universal Funding is a financial services company that provides personalized capital funding programs (invoice factoring, accounts receivable financing) to meet clients’ cash-flow needs.