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Universal Funding Corporation Review: Invoice Factoring Services

Universal Funding Corporation might be a good fit for your small business with its competitive terms and fees, but be aware of its long-term contract.

    Shannon Vissers
  • UPDATED

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Universal Funding Corporation

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Shannon Vissers

Shannon Vissers

Expert Analyst & Reviewer at Merchant Maverick
The former editor-in-chief of SteelOrbis, Shannon has been researching and writing about small business software and financing since 2015. Her shopping and retail expertise has been cited in numerous publications, including Reader's Digest, MSN, Yahoo Finance, and GOBankingRates . She has also published articles for LIVESTRONG.COM, eHow, Life'd, and other websites. Shannon attended San Diego State University, graduating in 2005 with a BA in English.
Shannon Vissers
View Shannon Vissers's professional experience on LinkedIn.



We've done in-depth research on each and confidently recommend them.

We've done in-depth research on each and confidently recommend them.

2 Comments

Responses are not provided or commissioned by the vendor or bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the vendor or bank advertiser. It is not the vendor or bank advertiser's responsibility to ensure all posts and/or questions are answered.

    Neil Buchan

    Organization Name: 1 to 1 Tutoring

    STAY AWAY! This company is not in the business of helping your business succeed. They are rather in the business of bleeding you for every dime. They will waive all sorts of fees and give you great rates to get you signed up. But the contracts have hidden poison pills that will kill you. They have two full-time attorneys on staff that have the job of collecting every last dime owed. I paid $15,000 on top of regular fees to make it all go away.

    1
    • Organization Name: 1 to 1 Tutoring

    This comment refers to an earlier version of this review and may be outdated.

    Scott Haslam

    Wow, where to start. The term sheet Universal Funding sent stated we would pay a 1.52% factoring fee. Universal Funding failed to mention (and used dubious verbiage in the contract) that they would also charge an additional 1.52% “processing fee.” The factoring fee has also never been below 1.77%. This alone doubles your actual cost to factor. Then Universal Funding will not release your reserve funds (the remaining funds from an invoice that they factored, which for us was 20%) unless you factor more invoices. They actually withheld about $50k of ours (most of which was non factored funds) because they wanted us to set up more customers to factor. Then I just found a $1300 “non factor fee” and a $3k “MVR” fee, which is apparently for not factoring enough with them. We did not get setup with them because we were desperate for funds, we did because their proposition made business sense, and they touted themselves as a “family business.” Now they are trying to withhold $25,000 of my own non factored money from me.

    1

      This comment refers to an earlier version of this review and may be outdated.

    Comments are closed.

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    Merchant Maverick’s ratings are editorial in nature, and are not aggregated from user reviews. Each staff reviewer at Merchant Maverick is a subject matter expert with experience researching, testing, and evaluating small business software and services. The rating of this company or service is based on the author’s expert opinion and analysis of the product, and assessed and seconded by another subject matter expert on staff before publication. Merchant Maverick’s ratings are not influenced by affiliate partnerships.

    Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity. The editorial content on this page is not provided by any of the companies mentioned and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author’s alone.

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