United Capital Source Funds $3.89 Million in April, Sets Record

SMB financing market heats up and United Capital Source soars

May 16, 2013, 08:10 ET from United Capital Source, LLC

ROCKVILLE CENTRE, N.Y., May 16, 2013 /PRNewswire/ -- United Capital Source, LLC ("UCS"), an alternative lending firm focused on servicing SMBs, today released their funding figures for April, 2013 and plans for the future.

UCS reported funding over 100 deals totaling approximately $3.89 Million in just the previous month alone. That figure represents the total dollars clients received through the company's direct and indirect financing channels. This momentum began in 2012, a year in which they funded more than $30 million. UCS is confident that monthly funding volume will continue to reach or exceed the $4 million level.

The company is uniquely positioned as they self-originate all of their own applications and are not dependent on brokers, resellers, or lead generation companies.

Jared Weitz, the company's CEO attributes the continued success to their hard working staff. The core operational team is made up of a few account executives, two operational employees, and an accountant, making them especially lean in comparison to similar-sized financial firms. Additional employment positions are open and are available in sales, underwriting, and merchant account services.

Mr. Weitz commented on his staff, "I can't say enough about how amazing my team is. They have worked so hard for their clients and for UCS and our success wouldn't have been possible without them."

Additionally, UCS has recently become accredited with the Better Business Bureau and has retained the law offices of Ballard Spahr to work towards state licensing so that they can service loans in all 50 states directly.

About United Capital Source, LLC

United Capital Source, LLC is a Long Island, NY based alternative lending firm with a focus on merchant cash advance financing. Founded in 2011, they are one of the fastest alternative financing providers in the SMB market. More information can be found on the company's website or by following them on Facebook.


SOURCE United Capital Source, LLC