United Capital Source Partners to Offer SBA Marketplace Loans
Low interest rates and fast turn-around time make the perfect SBA loan option
New York, NY, MAY 10, 2016 —United Capital Source (UCS), a leading small business funding organization, announced its ability to http://hubs.ly/H02W3610 offer Small Business Administration (SBA) loans with interest rates at 6.25% – 7.25% in as little as seven days.
UCS’s mission is to provide small to mid-sized businesses across America flexible business funding options – especially to businesses that may not fit traditional bank or non-financial institutional lending models.
UCS’s new partnership with SBA lending partners allows a “marketplace” atmosphere when http://hubs.ly/H02W3610 applying for an SBA loan. This brings small businesses with good credit, that don’t want a high rate short-term loan, back into the lending picture, accessing distribution through a network of SBA-approved lenders.
SBA loans are unique for several reasons:
- Up to a 10-year loan at very low APR that only select lenders are approved to grant.
- Small businesses can receive funding from $30,000 up to $350,000 in as little as 7 days after application is completed (versus 60-120 days).
- Low interest rates: range from 6.25 – 7.25%
- No pre-payment penalty
This unique business loan requires business performance qualifications, such as:
- US citizenship or legal permanent resident with good credit
- No bankruptcies or foreclosures in the past three years
- No price defaults on government-backed loans
Qualified SBA businesses must also have been in business for at least two years with sufficient cash flow to support loan payments, no outstanding tax liens, and no outstanding collection accounts
UCS offers many loan options and strives to source suitable small- to mid-sized business financing from multiple sources, be transparent, and lower interest rates by also investing in its customers, along with its funding sources.
United Capital Source’s new SBA Marketplace loan opportunity can help a business get over a hump, expand into new markets, acquire a new location or make renovations. If an SBA loan doesn’t fit a business’ needs, UCS can tailor a business loan specifically for them.
ABOUT UNITED CAPITAL SOURCE
United Capital Source is a leading small business funding organization headquartered in New York City. Thousands of small businesses throughout America rely on the small business loans, merchant cash advances, working capital loans, credit card factoring and accounts receivable loans provided by United Capital Source. Companies with bad credit unsuitable for traditional bank lending work with United Capital Source for faster loan approvals, reducing financing costs and increasing business funding choices. Customers are across industries from aviation, construction, dentistry, franchises, healthcare, manufacturing, communications, real estate, retail, and wholesalers. United Capital Source was selected in the 2015 Inc. 5000 Honorees List. More information at: UnitedCapitalSource.com or call 855.933.8638. Visit the United Capital blog at www.unitedcapitalsource.com/blog/ and follow United Capital Source on Twitter, LinkedIn and Facebook.
NEW YORK – August 24, 2015 – United Capital Source announced today being included in the 2015 Inc. 5000 Honorees List of the fastest growing businesses in the United States. Inc.com is an American monthly magazine focused on providing relevant and useful content to entrepreneurs and small businesses.
Based in New York City, United Capital Source provides a broad mix of small business loans to niche industries across America.
Small businesses often have complex and unique requirements. United Capital Source has a proven track record delivering high value financing solutions across a wide range of industries for small business. As traditional financing from banks and credit unions is restricted with lengthy processing times, United Capital Source has filled the need for flexible and customized business funding solutions to support all kinds of small businesses.
“Our experience with small niche industry businesses has helped our growth as American businesses seek access to capital that banks can’t readily provide due to small business lending restrictions” said Jared Weitz, United Capital Source CEO.
“United Capital Source is a fast growing, progressive small business lender that is supported with a world class infrastructure that financing partners and employees rely upon everyday to lend.” said Weitz. “I’m excited our organization has joined the ranks of America’s fastest growing companies and proud of our team who are so dedicated to customer success.”
The official acknowledgement of United Capital Source being included in the 2015 Inc. 5000 Honorees List is listed at http://www.inc.com/profile/united-capital-source.
United Capital Source commenced operations in 2010 and was founded by Jared Weitz. Weitz has been in the financial services industry for over 10 years and through the many work experiences and relationships he has built he is able to handle a multitude of different finance options for all of his clients and contacts. Weitz has held positions in some of the largest business financing companies and his roles have included: Underwriter, Director of Business Development, Managing Partner and is currently the CEO of United Capital Source, LLC.