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| Business Funding Press Room |
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United Capital Funding Corp. Announces Record
Number of New Funding Facilities Originated for the year
2008; Outlook for 2009 Promising
Saint Petersburg, FL (January 13, 2009); United
Capital Funding Corp., the leading Internet based
provider of professional Accounts Receivable Management
services, factoring and specialized Accounts Receivable
management services, announced today that they
originated a record number of new client funding
relationships for the year ended December 31, 2008.
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“In spite of the current credit
“crisis”, sub prime mortgage lending situation,
housing devaluation and credit default/insurance
concerns, we are very pleased to be able to
report that our client relationships have grown
to the highest levels in our firm’s 12 year
history as of the end of 2008”
commented Mark S. Mandula, Managing Partner and
Principal of United Capital Funding. “We are
also encouraged that our top ranked Google
website, www.ucfunding.com has continued to
exceed planned levels of inquiries, referrals
and overall website traffic projections. Our
website has consistently been the top ranked
organic site on Google, MSN and Yahoo for 2008.”
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“In short, this achievement would not be
possible without the unwavering support of our
clients, partners and our seasoned professional
team of employees. This support provides us the
opportunity to capitalize on serving new clients
nationally without interruption.
Our ownership structure enables us to take a
long term approach to serving our clients, with
a singular focus on what is best for the long
term interests of our clients. Being a private
company gives us a significant advantage because
we are not attempting to achieve short term
objectives or trying to maximize earnings over
one quarter, which could have meant a higher
risk strategy” commented Mandula. |
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“At the same time, we recognize and acknowledge
that the current economic recession has
negatively impacted many small businesses. We
are constantly implementing new ways to ensure
that our professional funding services are as
cost effective for our clients as possible. Our
recent expansion of our online tools for clients
is an excellent example of our dedication to
developing solutions for our clients. In
addition, the opening of our office in Phoenix
will also allow us to better serve our current
and future clients in this region.”
Over the course of 2008, United Capital Funding
Corp. added new client relationships in 24
states including Nevada, Montana, Pennsylvania,
Maryland, North Carolina, Tennessee, Florida,
Mississippi, California, New Mexico, Minnesota,
New York, Wyoming, Oklahoma, Illinois, Texas,
Virginia, New Jersey, Georgia, Massachusetts,
Kentucky, Arizona, Indiana and the District of
Columbia. Together with unprecedented retention
levels well in excess of industry peer data, the
firm’s level of funding is the highest recorded
since formation in April, 1997. |
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New Office Now Open in Phoenix, Arizona
As previously announced, United Capital Funding
opened a new sales office in Phoenix, Arizona
December 1, 2008. This was due to the strong
demand in the Southwestern United States for
working capital and Accounts Receivable
management solutions, particularly in the
staffing, transportation, distribution and
manufacturing industries.
“As can been seen from the list of states where
our new clients are located, we have seen
significant growth in our client base in the
Southwest, and with this expansion, we foresee
even greater client expansion in 2009 in
Arizona, California, Oregon, Washington, Idaho,
Nevada, Montana, Wyoming, Colorado, Utah, New
Mexico and Texas” said Mandula.
“Our clients are expanding and to ensure that we
provide them excellent support, we are investing
our human and capital resources in this
important geographic area. Our Phoenix office
will allow us to continue to deliver superior
marketing and support to our clients and growing
prospect base in the region.” |
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United Capital Funding Corp. Marketing
Leadership
“United Capital Funding Corp. is intently
focused on enhancing the value we provide our
clients, now located in 34 states” commented
Mandula. “We are adding resources and
infrastructure and this allows us to
successfully roll out a higher touch, marketing
support structure, all of which fosters a
culture focusing on client satisfaction and
retention. Since our formation as a specialized
factoring and Accounts Receivable funding and
management firm in April, 1997, we have always
focused our efforts on serving the needs of our
clients.”
Additional information on the specialized
financial services provided by United, including
factoring, Accounts Receivable management, and
working capital are available online at
www.ucfunding.com; via email at
mark@ucfunding.com; and by telephone (877)
894-8232. United Capital Funding Corp. can also
be reached at its main office, located at 146
2nd Street North, Suite 200, Saint Petersburg,
Florida; or at their Nashville office, located
at 4525 Harding Road, Nashville, Tennessee at
(615) 483-5720, or in Phoenix at 2425 East
Camelback Road, Suite 950, Phoenix, Arizona;
telephone (602) 346-5025. |
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