United Capital Funding and KLC Financial Provide Equipment Finance and AR Facility to Commercial Printing Company

NASHVILLE (March 1, 2023) - United Capital Funding Group LLC, a Florida-based factoring firm with offices in Tennessee recently provided a $3 million accounts receivable facility to a Tennessee-based commercial printing company in partnership with KLC Financial, a Minnesota-based equipment finance firm, to issue an equipment loan. This was secured after the company was denied an increase in its SBA-guaranteed bank line of credit.

The company had contracts with U.S.-based manufacturing and packaging companies and experienced accelerated growth as demand grew. The company had a bank line of credit, which was guaranteed by the Small Business Administration (SBA), but the structure was insufficient to support its growth demands.

“In partnership with KLC, this solution presents a complete package for this company, allowing them to maintain steady cash flow by using two distinct sources of collateral to secure working capital,” said Matt Perkins, Business Development Officer at United Capital Funding.

To assist with maximizing the company’s revenue opportunity, KLC Financial provided a $275,000 equipment finance loan to acquire two, lightly used machines to help automate the pouching and slitting in its packaging process.

In review for an invoice finance facility, United Capital Funding reviewed the company’s financial performance and determined a credit facility of $3 million to facilitate more working capital in the company’s balance sheets. After successfully onboarding this client, the company will generate additional profitability and increased shareholder value from increased revenue, stable gross margins and relatively flat fixed fee expenses. KLC Financial and United Capital Funding are wholly owned subsidiaries of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank.

About KLC Financial

KLC Financial is a national equipment finance company that leases and finances capital equipment and assets for businesses, across a diverse group of industries.

Since 1986, KLC Financial has been built on strong relationships with companies that need equipment in order to maintain/grow their businesses. KLC puts an important focus on providing expertly constructed flexible financing solutions that accurately meet the needs of business owners.

KLC is headquarter in the Minneapolis area with employees spread through the United States.  KLC is a subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank. For more information, please visit our website at www.klcfinancial.com.

About United Capital Funding Group, LLC.

United Capital Funding Group, LLC. (UCF) is one of the nation’s leading providers of working capital finance by successfully leveraging collateral due from major retailers, top-tier government agencies, and Fortune 500 companies.

Since its founding in 1997, UCF has helped small businesses succeed by providing a very efficient accounts receivable management service and supporting its customers with a reliable source of funding for both business and government receivables managed.

UCF is headquartered in the Tampa Bay area with additional offices in Nashville, Tenn., Chicago, Ill., Los Angeles, Calif., Charleston, S.C., and Columbus, Ohio. 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, Marketing Communications Specialist
(877) 894-8232
alinahall@ucfunding.com