Universal Funding provided $1.8 million in accounts receivable financing to three new clients in September. As these new relationships grow over the course of a year, Universal will provide up to $21.5 million in financing to these new accounts.
The companies that commenced factoring facilities in September include:
- A $100,000 monthly line for a learning institute that provides services to school districts in the Lost Angeles metro area.
- A $250,000 monthly line for a trucking company based in Michigan, and
- A $1.5 million monthly line for a minority-owned commercial construction company based in the Dallas metro area.