United Capital Funding Provides $4.5 Million Facility to Utility Contractor

NASHVILLE, TN (November 22, 2022) - United Capital Funding Group LLC, a Florida-based factoring firm recently provided a $4.5 million facility to a Tennessee-based utility contractor. With this new flexible form of financing, the company was able to expand its presence in the Southeast and keep its long-time bank relationship and correlating credit line.

This company worked with telecommunication firms and was experiencing accelerated growth as its business operations increased. The company had an existing line of credit with its bank but was unable to increase the line due to its previous financial performance. United Capital Funding reviewed the company’s current performance and diverse customer base to determine a larger credit facility of over $4 million. This new line provides an elastic form of working capital sufficient to grow alongside the company’s increasing customer demand.

“Our goal is to help growing companies gain greater liquidity without the corresponding debt on their balance sheet or giving up equity in the company,” said Matt Perkins, Business Development Officer at United Capital Funding. “With this in place, senior management has more time and energy to dedicate to growing revenue and ensuring customer satisfaction.”

After successfully onboarding this client, they have expanded into nine states and continue its goal of increasing its presence in the Southeast due to stable gross margins and relatively flat fixed expenses. 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) is one of the nation’s leading providers of working capital finance, having successfully provided collateral from most Fortune 500 companies. For more than 20 years, UCF has offered professional B2B and B2G funding through accounts receivable financing, credit insurance coverage and efficient accounts receivable management. UCF has headquarters in Florida with offices in Tennessee, Illinois, South Carolina and California. UCF is a subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank. For more information, please visit our website at www.ucfunding.com.

Contact

Alina Hall, Communications Specialist
(877) 894-8232
alinahall@ucfunding.com