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United Capital Funding Corp.
Factoring Application Approval Process |
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Application/Underwriting/Approval/Funding Procedures
Complete the online
registration form on this website. Please note that
there is never any cost to apply for our professional
services. |
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When a completed/signed Application has
been received, we will email you an Expression
of Interest Letter Proposal with the following
information: |
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Factoring fees
Credit limits for each client(s)
In the event that we are not interested in
serving you, we will also let you know as soon
as we complete our initial Due Diligence.
[Usually one business day] |
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After evaluating the Expression of Interest
Letter Proposal, return the Proposal indicating
your acceptance, along with the following
information via email or fax (813) 433-5304
Company's financial statements, AR, AP reports
Articles of Incorporation
941 Compliance
Drivers License
Other information, based on your unique
situation/industry |
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At this point you will receive a call from
one of our underwriters. We will take through an
interview that will assist us in learning more
about your business model. |
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After we receive the signed Expression of
Interest Letter, we will email to you the
following documents;
Factoring and Security Agreement. This is a
one-time master Contract signed by you and
United Capital Funding Corp.
New Client Information. This is a
comprehensive handbook that presents important
Policies and Procedures, Disclosure Notice,
Contact Reference Guide, Holiday Schedule, New
Client Request form, and our standard
Notification Letter. The Notification Letter is
used to ensure payments from your clients are
collected as quickly as possible at our lock box
facility. |
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Once we receive back from you a signed Factoring
and Security Agreement, please send us the
following:
Signed Schedule of Accounts listing invoice(s)
sent for funding
Copy of invoice(s)
Proof of delivery and/or BL's
Purchase Order (if applicable)
Additional Backup if necessary |
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After the completion of our final Underwriting,
approval, and successful verification of your
invoices with your client, we will purchase your
invoices and electronically fund your account.
We advance 80 percent of the face value of the
invoices via wire transfer or ACH to your bank
account. From this point forward, you are able
to track all account activity using our online,
secure 24/7 account management system, Efactor. |
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Your relationship will be managed by a dedicated
Account Representative (AR). The AR will be your
primary point of contact moving forward. |
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Once United Capital Funding Corp. receives
payment from your client at our lockbox
facilities; we will return the invoice balance
[called the reserve] minus our professional
fees. |
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Please feel free to contact us with any
questions on our Underwriting Approval
Procedures via email at mark@ucfunding.com or by
telephone (877) 894-8232. |
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We can be reached at its main office, located at
146 2nd Street North, Suite 200, Saint
Petersburg, Florida; or at our Nashville office,
located at 4525 Harding Road, Nashville,
Tennessee at (615) 483-5720, or at our Phoenix
office at 2425 East Camelback Road, Suite 950,
Phoenix, Arizona; telephone (602) 346-5025. |
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United Capital Funding Corporation 146 Second
Street North, Suite #200 St. Petersburg, Florida
33701
Phone: 727.894.UCFC (8232) Toll Free:
877.894.8232 Fax: 727.898.4205
Invoice Factoring and Accounts Receivables Management Branch Offices in:
Tampa / St. Petersburg, Florida Nashville,
Tennessee Scottsdale, Arizona
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