United Capital Source Breaks Business Financing Record (Again)

    GARDEN CITY, NY, July 17, 2012 /24-7PressRelease/ -- Continuing their campaign to create jobs on two fronts, United Capital Source (UCS) is adding additional staff to service the demand for business loans. "The interest has been phenomenal," stated Jared Weitz, CEO of UCS. "We're breaking records every month and we have no intention of slowing down." With nearly $3 million funded through them in June, many of their clients are using the capital to hire and expand. 

Something is happening in the private sector and it's evident in more ways than one. Two years ago, the average deal in the Merchant Cash Advance industry was about $20,000. Last month, UCS closed a single loan for a 29 location franchise in the amount of $700,000. "The conversations with our applicants have taken a completely different tone than they used to," added Weitz. "They used to be about covering temporary cash shortfalls and whether or not it was appropriate to extend $15,000 or $25,000. Now our underwriters are debating on whether or not $500,000 or $1,000,000 is the best way to help a business set up locations across the country."

UCS is encouraging business owners to offer feedback through their social media channels and to spread the word. Video testimonials and reviews are always welcome.

http://www.facebook.com/UnitedCapitalSource
https://twitter.com/UCSource/

Learn more about United Capital Source at http://www.unitedcapitalsource.com

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