FAQsSelect a category below:
About Us
About Us
Where is United Capital Source located?
UCS is located in Great Neck, NY. However we cater to the entire U.S. and parts of Canada too! Please call 855-WE-FUND-U for complete details.
How long has UCS been in business?
UCS has been in helping small business owners find the right funding products since 2011. However, its founder and CEO has been in the business financing industry since 2006.
Why should I do business with UCS?
The question is, why shouldn’t you? We have a 5-star rating with Google & TrustPilot with 1250+ of real reviews, we have an A+ BBB Rating and we’ve made the Inc. 5000 list of fastest growing companies for 2015 & 2017. You’ll notice the UCS difference from the first phone call! We care about and treat your business as if it were our own because our success is tied to yours.
What are the types of products you offer?
Our vast network of lenders offers the widest array of business funding products in our industry. Their specialties include but are not limited to SBA Loans, Business Lines of Credit, Accounts Receivables Factoring, Inventory Loans, Bridge Loans, Business Loans (secured and unsecured) and Merchant Cash Advances. We also facilitate the lowest priced Credit Card Processing options for any type of business.
Applying
Applying
Can I handle my whole application process online if I’d like?
Yes, you can! We offer both a fully automated process or a more involved Concierge approach.
If I’ve had past credit problems, should I apply?
YES, UCS has been able to help many clients with a less than perfect credit history.
If I already have a business loan, and need more funding should I apply?
Yes, our network of lenders offer many products that can help you no matter the current situation.
My business just started. Can I still I get approved for financing?
Our network of lenders are unable to help fund start-ups. However, if you have been open for at least three months and can provide official documentation of your sales history, you are a candidate and should not hesitate to apply. In fact, it will be a short and simple process.
Can I leverage my minority ownership in a business for personal financing?
Our network of lenders require at least 51% ownership to close on a deal. In some cases, they would require 80%. Call us at (855) WE-FUND-U for any additional questions you may have.
Do I need to mail in signed hardcopies of the application and contract?
No. We happily accept all documentation sent to us by fax or e-mail to our secure server.
How much time after filling out an application does it take to get a decision?
Our network of lenders can approve and fund in as little as 24 hours, an average funding time-frame is 2-4 business days.
Fees
Fees
Is there a fee to apply for business funding?
No, UCS doesn’t charge any fees to apply for any of the small business loan programs our network of lenders offer.
Are there any closing costs?
UCS doesn’t directly charge any additional fees.
What are the typical rates?
UCS has a vast network of lenders that have over 10 different business funding programs, each with its own rate and terms. Our representatives do their best to find the most aggressive offers for our clients when it comes to cost of funding.
If I want to pay early, is there a fee to close my account?
No, there is no fee to close the account if you’d like to pay early, as a matter of fact a UCS representative will often work with the lender to provide you with a discount when you pay early.
Funding
Funding
Will this financing report to my business or personal credit?
UCS's network of lenders has programs that offer this feature and some that don’t. Depending on what the client’s needs are we place them into the appropriate program to fit those needs.
Is there a pre-payment penalty if I want to pay my account off early?
No there isn’t, UCS's network of lenders has many funding programs that offer a discount to pay off early so YOU SAVE!
If I already have a business loan, can I qualify for another?
A qualified UCS representative will review your account with you and help find a program that will fit your scenario without overextending your business.
Is your financing personally guaranteed and do you require collateral?
Our network of lenders offer programs that do not have a personal guaranty or collateral, and they also offer programs that do. These details will depend on the type of financing you are looking for and will be communicated to you by our funding experts, verbally and in writing.
What steps can I take to ensure I receive the funds as fast as possible?
To expedite approval and funding, we encourage you to submit all requested documentation within 1 (one) day of submitting the initial application.
Payments
Payments
What type of repayment options are there business funding products?
Do I have to change my credit card merchant account?
Security
Security
When I send my personal information to UCS does the company re-sell it?
No, UCS stores all information in a secure CRM which sits on a secure cloud. Nothing is saved to any local computers and no data is ever sold to any 3rd parties.
What happens with my information if I’m declined?
UCS shreds any printed information and securely disposes of all shredded documents.
Will any of my creditors be notified I’ve applied for business funding?
UCS doesn’t directly alert any creditors that you’re applying for business funding.
Is my email secure that I send to the company with my information?
YES, UCS has a top notch cyber security policy along with the most sophisticated security software.