New York, NY—United Capital Source announced today the funding of over $100 million in self generated business funding transactions in the past 12 months for small businesses. United Capital Source’s growth has increased by 150% year over year.
United Capital Source also announced they have appointed Jon Baum as Executive Vice President of Sales and Danielle Rivelli as Vice President of Sales. United Capital Source has expanded their office size to 9,000 square feet in New York City.
Fueling this growth has been United Capital Source’s funding syndication platform which has integrated via the respective Application Programming Interface (API’s) with the industry’s leading funding institutions.
“Our expert finance team combined with our proprietary technology platform allows us to decrease processing times of small business funding applications compared to traditional lenders,” said Jared Weitz, United Capital Source CEO.
“Our continued focus on technology is allowing us to fund more deals, which drives more funds into small businesses and leads to lower rates obtained by lending partners funds which we offer our clients” said Weitz.
United Capital Source has recently launched new products including a business line of credit and term loans for loan periods of between 48 and 60 months with flexible repayment schedules to suit small business needs.
United Capital Source commenced operations in 2011 and was founded by Jared Weitz. Headquartered in New York City, United Capital Source employs 25 staff and has provided 10,000 small business loans throughout the America.