United Capital Source Provides Medium-Sized Business With $1,250,000


Last modified: September 28, 2013
By:

United Capital Source Funds $1.25 Million DealThe Merchant Processing Resource (MPR) has learned and confirmed that New York based funding provider, United Capital Source (UCS) has provided financing to a medium-sized business in the amount of $1,250,000. While the parties have requested to keep certain specifics of the arrangement under wraps, the business is involved in the sale and repair of highly specialized equipment, and has operations and headquarters in multiple states.

While it was not structured in the traditional Merchant Cash Advance sense, it is believed to have been set up with fixed payments. UCS has received a lot of attention in the last six months due to the wide variety of clientele they are servicing. With deals ranging from a few thousand dollars to over a million, they are quickly becoming a top choice for any business in need of capital.

MPR has been doing research to quantify the size of the Merchant Cash Advance industry. In a recent article, the term itself was redefined. We’ve known for some time that there were some larger advances/loans being done within the space but not all of them are being publicized. What we’ve discovered is that it is not unusual for deals to reach as high as $2 million. The recent media attention on CNN and FOX is also an acknowledgment that the Merchant Cash Advance concept has penetrated the mainstream and is no longer an alternative, but the standard.

- The Merchant Processing Resource
http://www.merchantprocessingresource.com

Article by:
Sean Murray


Want to consult with a merchant cash advance savvy attorney? Check out my recommendations.




Category: merchant cash advance, MPR Authored, syndicated news

Home Merchant Cash Advance United Capital Source Provides Medium-Sized Business With $1,250,000

You might also like:
Merchant Cash Advance Blacklist

Funding for Startups – An Ongoing Struggle

Merchant Cash Advance Resource Wants Your Articles


STORIES FROM THE INDUSTRY TRADE JOURNAL

Capital raises in 2013

Biz2Credit Sets the Stage for Securitization

Automated Intelligence: Man Vs Machine

Publisher: Merchant Processing Resource

313 words

Previously in Merchant Cash Advance:

Jun 17, 2014
Sean Murray