Just Cellular, Inc., a leading online source for affordable new, used,
and refurbished cell phones, today announced a new funding agreement
with UPS Capital, the financial services arm of UPS. Under the
agreement, a line of credit is provided to Just Cellular using the
company’s in-transit inventory as collateral.
“In today’s economic environment small to medium size businesses are
seeking creative ways to finance growth,” said Eric Kirkland, CEO and
founder of Just Cellular. “Our agreement with UPS Capital is reassuring
to our traditional banking partners, who are comfortable knowing that
UPS’s visibility and tracking tools are on the other side of this
The increased cash flow has enabled Just Cellular to accelerate payment
to its suppliers, who are mainly based in China. This in turn has
allowed Just Cellular to negotiate more favorable terms with these
suppliers. The agreement is also ideally suited for the Company’s
international financing needs, as traditional business lenders typically
do not advance funds against inventory that is not within the borders of
their home countries.
To better coordinate its shipping and customer service, Just Cellular
has integrated the UPS delivery system into its custom-designed
enterprise resource planning (ERP) system. The ERP system provides sales
analytics, forecasting, and customer data for maintaining ongoing
Today, Just Cellular products can be found on eBay, Amazon and at www.justcelluarstore.com.
About Just Cellular
Just Cellular, Inc., a family-owned business, is a leading online source
for affordable new, used, and refurbished cell phones. Customers can
visit the Just
Cellular webstore, Amazon or eBay where they can choose products
from major brands like BlackBerry, Casio, HTC, LG, Motorola, and
Samsung. They can also search by carrier, which includes AT&T, T-Mobile,
Sprint, Verizon, and many more.
Through the use of its proprietary, custom-designed enterprise resource
planning (ERP) system, Just Cellular prides itself on delivering
unparalleled service to its hundreds of thousands of customers.