New “Freight Bill Factoring” Program

Universal Funding Corporation Implements new “Freight Bill Factoring” program exclusively for the Transportation industry.

The new program will include two plans: a low rate of 1.5% or a one time flat fee of 5%. Additionally, transporters are gauranteed 90% cash advances and 99% credit approvals on all qualified accounts.

Universal Funding helps small to mid-sized trucking companies get the cash they need to stay competitive in the ever changing transportation environment. Freight Bill Factoring is the buy-sell process of freight bills. Universal Funding purchases the freight bill for a one time 5% fee from the transporter, advances them 90% and when Universal Funding receives payment, advances the remaining amount (minus the fee) to the transportation company.

For example: 5% Flat Fee Plan

Invoice Amount: $ 1,000
Advance: $ 900
Reserve: $ 100
5 % Flat Fee (one time) $ 50
Your Total Return $ 950

The new program saves truckers time with streamlined paperwork allowing for funding within 24 hours. Obtaining approval is easier than traditional banking because factors do not have the federal regulations banks have and it is approved on the credit-worthiness of the debtor, not the Transporter.

Because of this, Factoring can be used as a Cash Flow Management tool if prepared for correctly. Universal Funding is also providing payment in any form necessary; from direct deposit to fuel cards. Additional services includes, book keeping, payroll and tax paying assistance.

For free Information on Factoring or to see if Universal Funding can help you please visit http://universalfundingmain.com/defaulttransportation.html or call 1-800-781-3978 for immediate assistance.