US Business Funding Announces Record Earnings for 2017 and an Even Better Pace for 2018 Earnings
The Company is a leader in providing small businesses with funding, working capital and equipment leasing and financing
SANTA ANA, Calif., October 18, 2018 (Newswire.com) - US Business Funding ("US Business Funding" or the "Company"), a leader in small business funding, working capital and equipment leasing and financing, announced unaudited funding results for 2017 and revenue results through the third quarter of 2018.
In 2017, US Business Funding funded a record amount of deals totaling $102 million in small business loans, equipment financing and working capital lines. This total included over 1,100 customers and transactions. In comparing 2017 to 2016, the Company saw a 166.76 percent increase in originated loans from the prior year. The average loan size for US Business Funding loans came to a total of $90,717.55.
From 2017 to 2018, US Business Funding also saw record revenue growth in its business. In 2017, US Business Funding generated $9.1 million in revenue and is expected to generate revenue in excess of $13 million in 2018, a 42 percent increase year-over-year.
US Business Funding achieved its increase in revenue year-over-year through new and repeat clients that took advantage of the Company's lending products and equipment leasing and financing services. The top four industries that US Business Funding services fall under manufacturing, retail, medical and construction.
US Business Funding’s CEO Peter Ribeiro had the following to say: "We have been able to grow at a rapid pace due to our proprietary marketing technology that gives us unlimited leads with a very low cost-per-acquisition compared to the competitors we have in the market. At the same time, we have developed a lot of strategic partnerships on the equipment and working capital side of the business that has given us a great boost. We anticipate these growth figures to continue to climb as we scale the business.”
The Company expects to see additional growth in the following years due to their high rate of repeat customers and their focus on customer-centric and professional service.
About US Business Funding
US Business Funding is headquartered in Santa Ana, California, and provides small business loans, working capital and equipment leases to new and established businesses. US Business Funding is one of the top business funding companies in Southern California and the entire nation.
For more information about US Business Funding, visit www.usbfund.com.
US Business Funding
Phone: (800) 991-6287
Source: US Business Funding
Tags: ach products, business capital, business funding, business lines of credit, equipment financing, equipment leasing, fast business loans, small business funding, small business loans, us business funding, vendor program, working capital