United Capital Source, LLC Has Another Record Year In 2012

UCS more than doubled the amount of financing provided to small businesses in 2012. Plans on growing that number further in 2013.

Jan 24, 2013, 08:35 ET from United Capital Source, LLC

ROCKVILLE CENTRE, N.Y., Jan. 24, 2013 /PRNewswire/ -- United Capital Source, LLC (the "Company") announced today that it provided small businesses with more than $30 million of financing during 2012. That figure represents the total dollars clients received through the Company's direct and indirect financing channels. Given the economic and societal challenges that the country faced in 2012, the Company believes the year was a phenomenal success.

"Given the tight financing climate that small businesses have been facing in the U.S. these past few years, we feel very good about the fact that the amount of financing that we are providing continues to grow at a very rapid pace," stated Jared Weitz, the Company's Chief Executive Officer. Weitz continued, "We are projecting even stronger growth in 2013 and have already started recruiting additional staff to support our growth initiatives. We're going to turn it up a notch in 2013. It's extremely exciting to know that we're not only growing our business, but helping other small businesses in the process." Weitz attributed his optimism to the Company's recent investments in infrastructure and some proprietary technology it has developed to not only increase the amount of new business being generated, but also to further improve the level of service being provided to customers.

The Company operates on what is already an extremely lean and efficient overhead structure, and expects that the technology it has developed will only serve to further streamline operations. The Company is considering securing debt financing to support its anticipated additional growth in funding in 2013. It anticipates entertaining various financing offers throughout 2013 as its need for capital changes.

About United Capital Source, LLC
United Capital Source, LLC is a premier provider of alternative financing and traditional financing to small businesses in the United States. More information can be found at the Company's website at http://UnitedCapitalSource.com.

SOURCE United Capital Source, LLC