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United Capital Source’s #1 goal is customer satisfaction. We pride ourselves on delivering a great client experience. Below is a recent success story from one of our clients.

CLIENT

Catherine, owner of a health insurance agency

THE OPPORTUNITY AND THE CHALLENGE

Catherine’s needs were pretty typical for a small business. She needed an influx of cash for some working capital and to invest in an advertising campaign. Her cash flow was too tight to make this investment without additional working capital, but she knew a formal marketing push was exactly what her business needed to grow.

Catherine’s biggest problem was that she was operating her business out of a personal bank account. The specific account was only used for her business, but the account was opened under her name – not her business name. Sam Sherman, her UCS account exec, knew that business lenders weren’t going to respond positively unless she had a proper business bank account.

HAPPY DAYS

Sam guided Catherine through the operational changes she need to make to become attractive to business lenders. Namely, he advised her to open up a business checking under the DBA’s name and run at least a weeks’ worth of transactions through it, and then get a letter from her bank attesting to the change. As Sam says, “She did exactly what I asked of her and we were able to fund her the following week after opening the account.”

BOTTOM LINE

Having a business bank account just one week old still wasn’t ideal. But Sam was able to use his relationships with the underwriters to get an exception for Catherine and get her business funded. Not every potential client is willing to take the advice of UCS’s experienced account execs that can improve their business’s attractiveness to lenders. Sam explains “Often people are reluctant to do what is needed for funding. Because of this we are unable to help them out the best we can. Catherine made it very easy to get things done for her on my end. If we work together as a team it is a very easy process and she made it just that.”

WHAT SHE SAID

“Very easy to work with. Sam Sherman was friendly, helpful and very responsive. I really appreciated the care and time spent getting a great solution to a short term cash flow issue.”

At United Capital Source, we have provided over $600 million of small business loans to thousands of businesses from a wide range of industries. As banks continue to make it difficult for businesses to source business funding quickly, we provide you with the cash you need to operate your business

At United Capital Source, we have provided over $500 million of small business loans to thousands of businesses from a wide range of industries. As banks continue to make it difficult for businesses to source business funding quickly, we provide you with the cash you need to operate your business.

We will help you grow
your small business.

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