NEW YORK, May 10, 2016 /PRNewswire/ -- United Capital Source (UCS), a leading small business funding organization, announced its ability to 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 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.
UNITED CAPITAL SOURCE
585 8th Avenue - 9th Fl.
New York, N.Y. 10018 www.unitedcapitalsource.com
Press Contact: Jana Marcus
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SOURCE United Capital Source