It’s truly unfortunate that the program is being placed on hold due to bad actors trying to exploit it. It’s also frustrating that the IRS hadn’t taken more proactive measures to stop or prevent fraud prior to the rising concerns.
It’s now a waiting game for eligible business owners until the moratorium is lifted. In the meantime, you can review your
Following the collapse of Silicon Valley Bank (SVB), regulators announced they were also shutting the doors on NY-based Signature Bank. The SVB-panic spread like a contagion to Signature, causing a similar bank run and subsequent collapse.
There is a simple answer and a complex answer to why the bank failed. The simple answer is that it experienced bank run and didn’t have the money on hand to cover withdrawals. A bank run is when many depositors withdraw their funds at the same time. When the bank couldn’t produce the funds to cover withdrawals, regulators stepped in
United Capital Source Inc. is proud to announce that we have surpassed $1 billion in transaction volume. We have proudly matched over 1 Billion dollars to businesses across the United States since its inception in 2011.
On Friday, March 27, 2020, Congress officially passed the Coronavirus Aid, Relief, and Economy Security Act, a.k.a. The CARES Act. This $2 trillion relief package was created to help individuals and small businesses that are currently in financial straits due to Covid-19.
NEW YORK, May 15, 2018,/PRNewswire-iReach/ — The Small Business Finance Association (SFBA) on 5/14/18 announced the launch of a new initiative called the SFBA Broker Council dedicated to bringing together responsible brokers that serve small businesses to focus on creating best practices. The Council has selected Jared Weitz, founder & CEO of United Capital Source Inc. has been selected as
United Capital Source is honored to announce our inclusion in the 2017 Inc. 5000 list of the fastest-growing private companies in the United States. Inc. is a magazine and website featuring content geared towards starting and improving small businesses.
United Capital Source was founded on the principle of giving back to the community that it serves. I wanted to give business owners opportunities who may have never been granted the means to grow their businesses had they not discovered my company. The way I see it, people who run great businesses should gradually expand to new heights, just like
New York, NY — California small business owners can now get customized small business loans from United Capital Source (UCS) at the lowest competitive rates. A few days ago, UCS was licensed in the California Department of Business Oversight as a finance lender and broker. This means California small businesses can take advantage of the same benefits and exclusive funding
When the alternative business finance market really got going during the tough economic years starting around 2007, everyone was in survival mode. Big banks couldn’t have been giving small business loans even if they wanted to. Everyone was trying to ride out the storm. Alternative business financing grew because it was the only option for unsecured and bad credit business