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CARES Act (2020): SBA Paycheck Protection Program & EIDL Loans
What We Already Know About EIDLs Before outlining the new requirements for EIDLs, let’s go over what hasn’t changed. You can borrow up to $2 million, your interest rate will be 3.75%, and the maximum...
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United Capital Source Achieves $1 Billion In Business Financing Volume
United Capital Source Inc. is proud to announce that we have surpassed $1 billion in transaction volume. We have proudly matched over 1 Billion dollars to businesses across the United States since its...
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Supply Chain Disruption: Causes & Mitigation Strategies
What is the Supply Chain? The term is self-explanatory. As businesses, your supply chain is (quite literally) the chain of suppliers that make the production of your goods and services possible. Let’s...
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Semi-Truck Financing: Best Lenders & How to Apply
What is Semi Truck Financing? Semi truck financing is a broad term to describe various ways to acquire a commercial freight truck on credit. Most big rig financing agreements are loans, leases, or...
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What is Invoice Factoring?: The Essential Guide
What is Invoice Factoring? Invoice Factoring involves selling invoices at a discounted rate for an immediate influx of working capital. Companies must work with a third-party business, called a...
View ArticleSilicon Valley Bank Failure & Its Impact on Business Lending
What caused Silicon Valley Bank to fail? There is a simple answer and a complex answer to why the bank failed. The simple answer is that it experienced bank run and didn’t have the money on hand to...
View ArticleSignature Bank Failure & Its Impact on Business Lending
Why did Signature Bank fail? The FDIC shuttered Signature Bank on Sunday, March 12, 2023, following a bank run, which is when multiple depositors pull their funds out at the same time. Per a NY...
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ERTC Deadline: How to Get the Tax Credit Before It’s Too Late
What is the Employee Retention Tax Credit? The Employee Retention Tax Credit (ERTC), also called an Employee Retention Credit (ERC), was a tax-savings incentive for businesses to retain employees...
View ArticleIRS Pauses New ERC Claims Amid Growing Concerns: Impact on Business Owners
What is the ERC & Why is the IRS Pausing It? ERC, also known as the Employee Retention Tax Credit (ERTC), was a refundable payroll tax credit for businesses that continued paying employees during...
View ArticlePayPal Business Loan Scale Back: What it Means for Your Financing Options
What are PayPal Business Loans? PayPal offers loans ranging from $5,000 to $500,000 based on various factors, such as your business’s financial history and performance. With PayPal business loans, you...
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Fewer Business Loans from Banks: Exploring Small Business Funding Alternatives
Why are Banks issuing Fewer Business Loans? Commercial and industrial loans have been declining throughout the year. The decline rate is small and consistent with other loan types. However, some small...
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International Women’s Day 2024: Celebrating Women Entrepreneurs & Inclusivity
What is International Women’s Day? International Women’s Day is a global celebration that honors the achievements of women and advocates for greater gender equality. It serves as a reminder of the...
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National Mom and Pop Business Owners Day: Celebrate and Support Local Shops
What is a Mom & Pop Shop? Mom-and-pop shops are smaller businesses typically run by family members. They offer personalized service and unique products and stand out for their close-knit atmosphere...
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What the Visa Mastercard Settlement Means for Merchants: The Essential Guide
What are Transaction Fees for Credit and Debit Cards? Credit card transaction fees are charges merchants pay to process credit and debit transactions. These fees are typically a percentage of the total...
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SBA Disaster Loans for Businesses Impacted by the Francis Scott Key Bridge...
How does the Francis Scott Key Bridge collapse affect Small Business? The Francis Scott Key Bridge in Baltimore collapsed on March 26, 2024, when the Dali cargo ship crashed into the bridge following a...
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