Universal Funding Corporation offers easy invoice factoring and accounts receivable (A/R) financing services tailored to the needs of a business. The company can fund up to $5 million for startup funding or ongoing capacity. In this article, we cover Universal Funding Corporation reviews and pricing. Ready to get started? Get a quote.
Summary of Positive Universal Funding Corporation Reviews
As of February 2019, there are not many positive Universal Funding Corporation client reviews online. However, most clients commended the company’s polite and professional account representatives. They also appreciate its tailor-fit funding options, saying this is very beneficial to their businesses.
Summary of Negative Universal Funding Corporation Reviews
There are not many negative Universal Funding Corporation reviews as of this writing. Some clients said they wished for more transparency with the company’s fees and rates. Overall, good customer experience is still a strength of the company.
Universal Funding Corporation Pricing
Universal Funding Corporation pricing includes a credit line of $25,000 to $5 million/month with factoring rates of 0.55% to 2% and an advance rate of 95% of the invoices. It also charges $35 for credit approvals, $50 for lockbox fee, and $30 for outgoing wire fees.
|Total Worth of Invoice|
|Funding Amount at 95% (variable rate)|
|Interest Rate at 2% (variable rate)|
The figures shown in the table above are only part of a sample computation of Universal Funding Corporation’s rates. Interested clients may contact the company for more information and to get an instant and customized quote.
Ready to get started with Universal Funding Corporation? Get a quote.
Top Universal Funding Corporation Pick From Fit Small Business
6 Best Invoice Factoring Companies 2018: With invoice factoring, your unpaid invoices are converted into immediate cash through an advance of 80 to 90 percent of the total amount owed. We reviewed invoice factoring companies to find the six best factoring companies. These companies are experienced at collecting payments for small businesses with some of the best advance and discount rates in the industry.
Universal Funding Corporation Features
Check out the list below of some of Universal Funding Corporation features:
- Dedicated account representative
- Purchase order financing
- Payroll funding
- A/R insurance
- Loan workouts
- Tax lien resolution
- Real-time access to account via eFactor Programme
Universal Funding Corporation FAQs
What if a lender already has rights to my accounts receivable as collateral?
The Universal Funding Corporation has many years of experience working with other financial institutions. Since the company must hold the rights to the asset they are purchasing, they usually arrange a subordination agreement or negotiate the release of any liens that may be encumbering the client’s receivables.
Can I still qualify even if my business is new and with little or no credit history?
Because it is your customer who pays Universal Funding Corporation, the company concentrates more on their creditworthiness. The company has helped many companies in their early stages grow into profitable entities.
Universal Funding Alternatives
Have you read these Universal Funding Corporation reviews and are still not sure if it’s the right fit for you? Read our reviews of all top invoice factoring companies or check out one of these three Universal Funding Corporation competitors.