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.
Keri-Lynn Siker, owner of a trucking distribution company
THE OPPORTUNITY AND THE CHALLENGE
A distribution company needs to distribute. This couple-owned, small distribution business operates with a single truck. Keeping that truck running is mission critical for their business, but engine trouble meant expensive motor repair bills.
Their past truck troubles had caused thin cash flow, which resulted in a poor payment history. And this all adds up to a less than stellar credit rating. Without finding an alternative business funding source that could see this couple’s potential, not just their challenges, this business would have to shut down.
Our account executive Thomas was able to find the Sikers funding options. He said, “Most lenders need strong cash flow but after working some numbers and shopping their scenario around to our network, I was able to work up an approval for this business—an opportunity for them to get some working capital while building positive payment history.”
It wasn’t easy, as these business owners didn’t meet most underwriting standards. Yet Thomas went the extra mile to get them approved with an exception from the underwriter, which UCS can get often times because of the vast volume of quality funding volume UCS does. He explains, “The fact that they couldn’t get funding elsewhere had me motivated to find a program that would help them. Without the help, they wouldn’t have been able to keep their truck up and running.”
The Sikers got approved for a Merchant Cash Advance, for more than they thought they’d ever qualify to get. They also got their money for an extended term, so they’re not bogged down by high repayments and constricted cash flow.
After having been turned down everywhere else, they were ecstatic and surprised that United capital Source was able to get them the funding they needed to keep their truck running and their business open.
WHAT SHE SAID
“I had Thomas help me with a loan process. He was extremely helpful, attentive to my needs, supportive in my decisions, excellent customer service and very prompt with getting me answers to all of my questions. I would go through him again if I ever need another loan. I would give him 10 stars if I could!”
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.