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 programs UCS has been offering in other states for the past five years.
California enforces strict lending requirements, requiring all direct lenders to be licensed, which can take upward of two years to receive. UCS passed the lengthy process with flying colors in just under four months. The state’s licensing process is designed to ensure that all lenders offer fair lending rates and terms that do not hinder the small business’s ability to function. With its new license, UCS will be writing high-quality loans for California small business owners. UCS has thrown its hat in the ring — going head-to-head with the industry’s largest lenders in the largest state in the U.S.
At UCS it’s Always Important to Remain in Compliance
“As UCS has grown, we’ve always felt it was important to meet the most stringent requirements in every state,” states Jared Weitz, United Capital Source CEO. “When we saw a need to help California small businesses, we sprang into action to get the licensing required. We pride ourselves in delivering the easiest and fastest financing at the lowest competitive rates tailored to each small business client.”
Most lenders use “one-size-fits-all” programs because their underwriters are focused on their own bottom line. Because UCS lends its own funds, it can customize packages with competitive rates and terms to fit each small business owner’s needs and capacity. The UCS difference means more viable options for a small business looking for alternatives to traditional business lenders.
At United Capital Source, small business is our only business.