Universal Funding Corporation

Best for: U.S. B2B companies (staffing, manufacturing, distribution, energy services, transportation) that invoice other businesses on 30- to 90-day terms, factor $25,000 or more a month, and want a low published starting rate with a dedicated account rep.

Not for: Businesses that bill consumers, need occasional single-invoice funding, or want bad-debt protection. Reviewers report recourse terms and a 12-month minimum commitment.

Lender List verdict: Universal Funding Corporation is a family-owned factor operating since 1998 that publishes rare detail: 0.55% to 2% for the first 30 days and a short, low fee list. The trade-off is a long-term recourse relationship; at the 2% top rate a 45-day, $100,000 invoice costs about $3,030, or roughly 27% simple annualized.

Universal Funding Corporation at a glance

What is Universal Funding Corporation?

Universal Funding Corporation is a Spokane Valley, Washington, invoice factoring company that has bought business receivables since 1998 and says it has funded more than $2 billion. It is family owned, underwrites in-house and assigns each client a dedicated account representative.

Beyond standard factoring, Universal Funding offers payroll funding for staffing firms, purchase order financing, loan workouts and factoring for businesses carrying IRS debt. Its core clients are staffing, manufacturing, oil and gas, printing, security, transportation and wholesale businesses.

How Universal Funding invoice factoring works

Universal Funding advances up to 95% of an approved invoice, usually within 24 to 48 hours of submission once your account is open. Approval rests mainly on your customers' credit rather than your own score.

• Advance: 80% to 95% of invoice value, depending on the account.
• Commitment: Fit Small Business reports a 12-month minimum; Universal Funding does not publish contract terms.
• Access: Clients manage invoices through the eFactor online portal.

How the funding cycle works

Universal Funding pays the advance first and the balance, minus its fee, after your customer settles the invoice.

1. You invoice a business customer on 30- to 90-day terms.
2. Universal Funding verifies the invoice and sends the advance.
3. Your customer pays Universal Funding directly.
4. Universal Funding releases the remaining balance less its fee.

Universal Funding advance rate, factor fee, and recourse

Universal Funding charges 0.55% to 2% of the invoice for the first 30 days and advances up to 95%. The 2% top is its own stated ceiling (its rates page also quotes a wider 0.55% to 5% industry range), and it does not say how fees accrue after day 30.

• Published fees: $35 per customer credit approval, $50 lockbox, $30 outgoing wire.
• Fees it says it does not charge: monthly access, overadvance, same-day funding or early wire fees.
• Contract fees: The lender's own example adds $150 in contract fees to a $100,000 invoice.
• Recourse: LendingTree reports recourse terms: invoices still unpaid after 90 days must be bought back or swapped.
• Notification: Yes; customers send payment to Universal Funding.

Worked example: you factor a $100,000 invoice at a 90% advance and receive $90,000. Your customer pays on day 45. Assuming the 2% rate keeps accruing at the same pace after day 30, the fee is $3,000, plus a $30 wire, for a total cost of $3,030; your rebate is $7,000. That is about 27% simple annualized on the $90,000 advanced (about 31% compounded). If the lender's $150 contract fees apply to this invoice, the cost rises to $3,180, about 29% simple annualized. At the 0.55% starting rate, the same invoice costs $855, about 8% annualized.

Universal Funding requirements

Universal Funding sets no published credit score minimum and judges applications mainly on the creditworthiness of the businesses you invoice.

Pros and cons

Universal Funding's biggest strength is a published 0.55% starting rate; its biggest weakness is a recourse, long-term commitment that reviewers report.

Pros

• Publishes its first-30-day rate range and an itemized fee list
• Advances up to 95%
• Handles up to $20 million of invoices a month
• In-house underwriting and a dedicated account rep
• BBB A+ and accredited since 2001; Trustpilot 4.5 from 77 reviews
• Payroll funding and PO financing under one roof

Cons

• Fee basis after day 30 is not published
• Recourse: unpaid invoices come back to you after 90 days (third-party)
• 12-month minimum commitment (third-party)
• Customers are notified to pay the factor
• $25,000 monthly volume floor shuts out very small firms

Universal Funding vs. FundThrough vs. Riviera Finance

Universal Funding has the lowest published starting rate of the three, while FundThrough offers the most flexibility and Riviera Finance offers bad-debt protection.

FundThrough and Riviera Finance figures are from their own sites as logged on 2026-10-26; check their Lender List pages for updates.

Choose Universal Funding for steady, high-volume factoring at a low starting rate. Choose FundThrough to fund single invoices with no contract. Choose Riviera Finance if you want protection when an approved customer goes insolvent.

Universal Funding alternatives on Lender List

Universal Funding has five close alternatives on Lender List, two of which publish per-30-day fees.

• FundThrough — 100% advance, no obligation to factor every invoice
• Riviera Finance — non-recourse factoring since 1969
• Star Funding — 1% to 3% per 30 days, plus PO funding
• Liquid Capital — no long-term contract; exit any time
• SouthStar Capital — startups can qualify
• Browse all invoice factoring companies on Lender List

Frequently asked questions about Universal Funding

Is Universal Funding Legit? Yes. Universal Funding Corporation has operated since 1998 from Spokane Valley, Washington, and says it has funded over $2 billion. The BBB rates it A+ and has accredited it since 2001, Trustpilot shows 4.5 from 77 reviews, and LendingTree and Fit Small Business both rank it. We found no regulatory actions.

How Do I Apply to Universal Funding? You apply online at universalfunding.com or by phone at 800-405-6035. Expect to send an accounts receivable aging report, a customer list, your formation documents and sample invoices. Decisions usually come within one to several days, and account setup typically runs 3 to 5 business days before your first advance.

How Much Does Universal Funding Charge? Universal Funding charges 0.55% to 2% of the invoice for the first 30 days. Add $35 per customer credit approval, a $50 lockbox fee and $30 per outgoing wire. It does not publish how fees accrue after day 30, so get the full schedule in writing before you sign.

Is Universal Funding Recourse or Non-Recourse? Recourse, according to LendingTree. If a customer has not paid within 90 days, you must buy back the invoice or replace it with another. Universal Funding's own site does not publish its recourse terms, so ask whether any non-recourse cover is available for your customers.

Will My Customers Know I'm Factoring? Yes. Universal Funding uses notification factoring: your customers pay Universal Funding directly instead of paying you. The company says most business customers are used to this arrangement. After your customer pays, you receive the rest of the invoice, less the fee.

Where Is Universal Funding Corporation Located? Universal Funding Corporation's headquarters is at 16201 E. Indiana Avenue, Suite 2600, in Spokane Valley, Washington, according to its BBB profile. The BBB lists Henry D. Wozow as CEO and Kyle Bergstedt as president. Its site notes that California deals are arranged under the California Financing Law.

Last verified 2026-10-27. Pricing and terms are provider-stated or third-party-reported and vary by offer; confirm with the lender before applying.