United Capital Source Blog
432 FOLLOWERS
Jared Weitz has been in the financial services industry for more than 10 years. Due to his extensive work experience and deep network of close relationships, he handles a multitude of different finance options for all his clients and contacts. Over the years, he has held positions in some of the largest business financing companies in the U.S.
United Capital Source Blog
2d ago
What is a Clothing Boutique?
A clothing boutique is a specialized retail operation that offers customers a carefully curated selection of clothing, accessories, and merchandise. Boutique owners take pride in selecting unique brands, designers, and new collections to provide a distinctive shopping experience.
These boutique owners pay close attention to detail, ensuring their products align with their target market’s preferences. By handpicking each item, they create an atmosphere of exclusivity and style within their boutique. This personalized approach sets them apart from traditional retail ..read more
United Capital Source Blog
6d ago
What is a Payment Processor?
A payment processor facilitates online, debit, and credit card payments by securely transmitting payment data between customers and merchants. These financial institutions act as the backend processors for credit card processing companies, ensuring seamless transactions.
Payment processors are essential for merchants as they enable the acceptance of various payment methods, including credit cards, digital payments, and mobile payments. They work with merchant acquirers to set up a merchant account, allowing businesses to receive payments from customers worldwide ..read more
United Capital Source Blog
6d ago
What is a Long-Term Business Loan?
Long-term business loans are tailored for companies requiring substantial funding over an extended period, with repayment periods exceeding five years. These loans offer lower interest rates than short-term options, aiding in effective cash flow management.
Businesses utilize long-term loans for significant investments like equipment purchases, expansion, or real estate acquisition. By spreading out costs over several years, companies can alleviate immediate financial strain and establish a stable financial foundation for growth.
Long-term loans enable compa ..read more
United Capital Source Blog
1w ago
What are the startup costs for Opening a Laundromat?
Small business owners should account for various startup costs when opening a laundromat. Here are some of the common expenses you should know.
Lease or Purchase of Space
Leasing or purchasing a space for a laundromat can vary in cost depending on the location and size of the property. You must account for rent or mortgage payments. On average, leasing costs for a laundromat can range from $1,500 to $5,000 per month, depending on the square footage and location.
Depending on the area’s real estate market, purchasing a space for a laundromat ..read more
United Capital Source Blog
1w ago
What is the Debt-Service Coverage Ratio (DSCR)?
Debt-service Coverage Ratio (DSCR) is a crucial financial metric that measures a borrower’s ability to cover its debt burden. It compares the business’s operating income to its debt obligations, indicating whether the borrower has enough income to meet its debt payments.
The calculation of DSCR involves dividing the borrower’s operating income by its total debt service payments over a specific period. This ratio provides insight into how well a borrower can manage its principal and interest obligations based on its current income levels.
Investo ..read more
United Capital Source Blog
1w ago
What is a Hard Money Loan?
Hard money loans are alternative financing options provided by private individuals or companies. They offer quick funding for real estate deals. Unlike traditional bank loans, hard money loans stand out due to their speed, flexibility, and different qualification requirements.
These loans typically have shorter durations, ranging from a few months to a few years. The interest rates on hard money loans are usually higher than those offered by banks, reflecting the lender’s increased risk. Hard money lenders tend to require lower loan-to-value ratios compared to tradi ..read more
United Capital Source Blog
1w ago
What is a Small Business Loan?
A small business loan is a financial product specifically designed to provide funding for small businesses, unlike personal loans. These loans come in various forms catering to different business needs.
Commercial lenders are crucial in offering small business financing to new and established businesses. They assess factors like personal credit score, cash flow, and the company’s overall financial health before approving the loan application.
Small business loans offer numerous benefits to entrepreneurs. They provide access to new funding options, helping busine ..read more
United Capital Source Blog
2w ago
What is Office Equipment Financing?
Office equipment financing is a specialized type of funding designed to help businesses acquire necessary equipment. Businesses can secure financing from lenders or financial institutions to purchase or lease office equipment. This process provides businesses with the necessary financial support to acquire essential tools for their operations.
Equipment financing offers various benefits to businesses, including preserving cash flow by avoiding large upfront payments when purchasing new equipment. Moreover, it allows businesses to access the latest technolog ..read more
United Capital Source Blog
2w ago
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 ongoing efforts to achieve gender parity in society with historical and national traditions.
Every March 8th, this day highlights the importance of women’s rights and empowerment. Various events and initiatives take place worldwide to raise awareness about gender equality.
International Women’s Day also commemorates the historical struggles of women, including their roles during wars and fights for ..read more
United Capital Source Blog
3w ago
What is a Land Development Loan?
Acquiring land and developing property on it can be costly due to various factors. Raw land typically has a high purchase price. Clearing and grading land to prepare it for construction can be a significant expense, especially if the terrain is uneven or densely wooded.
Building roads and necessary infrastructure such as water, sewage, and electricity connections also add to the costs. Developers must also account for the costs of obtaining permits and meeting regulatory requirements, which can further increase expenses. The combination of these factors can ma ..read more