Universal Funding
Universal Funding Corporation is a privately held, family-owned invoice factoring and accounts receivable financing company, founded in 1998 and based in Spokane Valley, Washington, serving SMB and lower mid-market B2B businesses across staffing, manufacturing, wholesale, oil/gas, transportation, and other verticals with advances up to 95% of invoice value.
- Company typePrivate
- Founded1998
- HeadquartersSpokane, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Universal Funding does
Universal Funding Corporation is a privately held, family-owned invoice factoring and accounts receivable financing company founded in 1998 by Henry Wozow and headquartered in Spokane Valley, Washington. The company's core product is invoice factoring: B2B clients sell their unpaid invoices and receive an advance of up to 95% of face value within 24 hours, with Universal Funding collecting from the end customer and remitting the balance minus a factoring fee. Stated economics are 0.55%-2% for the first 30 days, with no monthly access fees, no overadvance fees, and transparent add-on charges (lock box $50, credit approval $35, outgoing wire $30). The underlying platform consists of an in-house underwriting, approval, and AR management workflow plus the eFactor client portal for real-time invoice tracking and payment management; no public API or AI/ML capabilities are disclosed.
The product portfolio extends beyond core factoring into adjacent financing modules—Payroll Funding (targeted at staffing agencies), Purchase Order Financing, Loan Workouts, and Factoring for IRS Debt—plus supporting tools including QuickBooks reconciliation guides and financial calculators. Universal Funding targets SMB and lower mid-market businesses with monthly invoice volumes of $25,000 to $20,000,000 across at least eight verticals: staffing/payroll, manufacturing, wholesale/distribution, oil-gas-energy, transportation/fleet trucking, security companies, printing, and business services. Customer acquisition runs through direct inside sales (phone at 800-405-6035, online inquiry form), a broker referral program paying up to 20% commission plus residuals to accountants/attorneys/financial advisors, content marketing via an Insights Blog and SEO-optimized site, and an organic social presence.
Cumulatively, the company reports funding $2 billion+ to 3,500+ clients over its 27-year history and holds a BBB A+ rating. The business model is transaction-based fee revenue on factored volume; pricing is published transparently in contrast to MCA providers (35-50% fixed fees). The leadership team of approximately 18+ named professionals includes founder Henry Wozow (Principal & CEO), Monica Wozow (Principal & Corporate Secretary), Kyle Bergstedt (President & General Counsel), Jordan Hestness (COO, since 2006), Lee Nelson (CFO), and dedicated sales leadership (VP of Sales, VP of Business Development, Marketing Director). The company is bootstrapped with no disclosed external funding rounds, acquisitions, or institutional ownership.
Universal Funding firmographics
Firmographics- Name
- Universal Funding
- Legal name
- Universal Funding Corporation
- Website
- https://universalfunding.com
- Company type
- Private
- Founded year
- 1998
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Universal Funding Corporation is a privately held, family-owned invoice factoring and accounts receivable financing company, founded in 1998 and based in Spokane Valley, Washington, serving SMB and lower mid-market B2B businesses across staffing, manufacturing, wholesale, oil/gas, transportation, and other verticals with advances up to 95% of invoice value.
- Ownership category
- akta.pro rank
Universal Funding industry classification
Industry- Product category
- Invoice Factoring & Working Capital
- NAICS
- Sales Financing (52222), Sales Financing (522220)
- SIC
- Short-Term Business Credit Institutions (6153), Miscellaneous Business Credit Institution (6159)
- akta.pro primary industry
- B2B / Invoice-Based BNPL (Trade Credit at Checkout) (FSAGAIAC)
- akta.pro secondary industry
- Expense Management & Employee Reimbursements (FSAGAJAE)
Keywords
Where Universal Funding is headquartered
LocationHeadquarters
- HQ city
- Spokane
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Universal Funding business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Invoice Factoring Fees: Transaction-based fees charged as a percentage of invoice value (0.55%-2% for first 30 days). Businesses sell unpaid invoices to receive immediate cash advance of up to 95%, paying a small factoring fee from the remaining balance upon customer payment.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Universal Funding Corporation Invoice Factoring - $25K-$20M/month volume |
| Transaction based/ take rate | Pay-as-you-go | Standard Factoring Rates |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels7 records
Universal Funding product offering
Product offeringCore offering
Universal Funding purchases B2B companies' unpaid invoices and advances up to 95% of the invoice value within 24 hours, then remits the remainder (minus a factoring fee of 0.55%-2% for the first 30 days) once the customer pays. The company delivers full-service accounts receivable management including invoicing and collections, with parallel offerings in payroll funding, purchase order financing, loan workouts, and factoring for IRS debt obligations.
Product overview
Universal Funding offers a unified invoice factoring and accounts receivable financing platform for B2B businesses. The core offering is Invoice Factoring, which allows companies to convert unpaid invoices into immediate cash (advancing up to 95% within 24 hours). This is supported by Accounts Receivable Financing as a parallel service. Additional financing modules include Payroll Funding (for staffing companies), Purchase Order Financing, Loan Workouts, and Factoring for IRS Debt. The company also provides self-service tools including the eFactor Client Portal for real-time invoice tracking, QuickBooks Reconciliation guides, and Financial Calculators. The service is not a debt product but rather an advance on existing receivables, and the company tailors programs to specific industries including manufacturing, staffing, wholesale distribution, oil/gas, transportation, security, and printing.
Differentiator
Problem solved
Functional benefit
Products and services
- Invoice Factoring
Companies that use Universal Funding
Customer profileNamed customers5 records
Segments8 records
Ideal customer profiles1 record
Universal Funding technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Universal Funding partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Accountants and CPAsminorProfessional referral partner program targeting accountants, attorneys, insurance brokers, financial planners, and investment advisors. Partners provide client referrals for invoice factoring services and earn commission payments including residual income on ongoing client relationships.
Scale indicators4 records
Recent moves5 records
Expansion highlights6 records
Universal Funding competitors and assessment
Company assessmentDirect peers
- BlueVine: BlueVine is a venture-backed fintech offering invoice factoring and lines of credit to SMBs. It competes directly with Universal Funding on speed, pricing transparency, and digital onboarding in the same B2B working-capital category.
- Fundbox: Fundbox provides invoice-based financing and working capital to small businesses via a digital platform. It is a direct competitor in invoice-driven SMB funding with overlapping verticals such as staffing, agencies, and B2B services.
- AltLine by Fundbox: AltLine (formerly AltLine by The Alta Group) is an invoice factoring service for SMBs integrated with partner banks. It competes in the same factoring category as Universal Funding with a similar target client size and product structure.
- Riviera Finance: Riviera Finance is a longstanding non-bank invoice factoring company serving SMB and mid-market clients across multiple industries. It directly overlaps Universal Funding's verticals (staffing, manufacturing, distribution, transportation) and relationship-led sales approach.
- TCI Business Capital: TCI Business Capital provides invoice factoring and asset-based lending to SMBs and mid-market companies, including staffing and transportation. It competes head-to-head on factoring rates, advance percentages, and vertical specialization.
- eCapital: eCapital is a large alternative-finance provider offering factoring, AR financing, and supply-chain finance to SMBs and mid-market companies. It is a scaled direct competitor across many of the same verticals Universal Funding serves.
- Breakout Capital Finance: Breakout Capital provides working-capital solutions including invoice factoring and revenue-based financing to small businesses. It competes directly in the SMB factoring segment Universal Funding targets.
Broad incumbents
- TAB Bank: TAB Bank is an FDIC-chartered bank offering factoring, lines of credit, and equipment financing to SMBs across multiple industries. It is a broader incumbent with overlapping factoring capabilities and a wider product portfolio.
Emerging players
- Kapitus: Kapitus provides small business financing including invoice factoring, revenue-based financing, and SBA loans. It targets similar SMB clients and competes in working-capital products, though with a multi-product platform approach.
- Fundation: Fundation is a digital SMB lender offering term loans and lines of credit. It overlaps with Universal Funding in serving SMB working-capital demand, particularly among businesses that could otherwise consider factoring.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Universal Funding social profiles
Digital presenceUniversal Funding financial estimates
Financial estimateRevenue estimate
Valuation estimate
Universal Funding leadership team
Management profileNumber of profiles
Profiles8 records
Universal Funding funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Universal Funding M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Universal Funding
What does Universal Funding do?
Universal Funding purchases B2B companies' unpaid invoices and advances up to 95% of the invoice value within 24 hours, then remits the remainder (minus a factoring fee of 0.55%-2% for the first 30 days) once the customer pays. The company delivers full-service accounts receivable management including invoicing and collections, with parallel offerings in payroll funding, purchase order financing, loan workouts, and factoring for IRS debt obligations.
Is Universal Funding a public or private company?
Universal Funding is a private company. It is classified as family owned and is currently operating.
When was Universal Funding founded?
Universal Funding was founded in 1998. It employs 11 to 50 people.
Where is Universal Funding based?
Universal Funding is headquartered in Spokane, United States, in the North America region.
How does Universal Funding make money?
One revenue line is on record: invoice Factoring Fees.
Who are Universal Funding's main competitors?
Direct peers on record are BlueVine, Fundbox, AltLine by Fundbox, Riviera Finance, TCI Business Capital, eCapital and Breakout Capital Finance. TAB Bank is listed as a broad incumbent. Emerging players are Kapitus and Fundation.
Does Universal Funding have an API?
No public API is recorded for Universal Funding.
What industry is Universal Funding in?
Universal Funding's product category is Invoice Factoring & Working Capital. Its primary akta.pro industry code is FSAGAIAC, B2B / Invoice-Based BNPL (Trade Credit at Checkout), with a secondary code of FSAGAJAE, Expense Management & Employee Reimbursements. Its NAICS code is 52222 and its SIC code is 6153.