United Capital Source Paves Way for Mid-Sized Business Financing

GARDEN CITY, NY, June 14, 2012 (Press-News.org) United Capital Source (UCS) is once again turning the lending market on its head by widening the scope of accepted industries. Micro-lenders have traditionally targeted brick and mortar retail businesses and UCS has had phenomenal success in satisfying the needs of that market. However, their research and experience has led them to the realization that mid-sized businesses (those doing more than $1 million a year in sales) have been virtually shut off from financing since 2008. According to Jared Weitz, CEO of UCS, "We are still committed to helping the very small Mom and Pop shops of Main Street, but we have learned there is a whole market of mid-sized businesses that no other lenders are servicing. They are too big for community banks and too small for the large banks. That's where United Capital Source has been coming in to bridge the gap."

Bigger businesses don't usually fall into the categories of traditional retail and therefore the limitations on industries for approval had to be completely reworked. In the last four months, UCS has provided financing to technology firms, consulting firms, software providers, concierge services, medical equipment suppliers, and online wholesalers. Seven deals closed for larger than $100,000 in the month of May and the approvals can reach as large as $2 Million. "Our referral partners often ask us what type of businesses we're most interested in financing," said Weitz. "We tell them basically every kind under the sun, so long as they're operational and generating revenue."

State lines are not a barrier. If you are any located in any of the 50 states, you're eligible to apply for financing.

For more information, visit http://unitedcapitalsource.com.