
United Capital Source Blog
477 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
1M ago
Tradeline Supply Company LLC, founded in 2017 and based in San Diego, California, has established itself as a trusted marketplace for buying and selling authorized user tradelines. The company’s mission is to help individuals improve their credit scores by offering a variety of tradelines for purchase.
With a user-friendly online platform, customers can browse available tradelines and choose the best options for enhancing their credit history at the credit repair company. Tradeline Supply Company’s approach provides a straightforward method for individuals to build credit without the complexit ..read more
United Capital Source Blog
1M ago
A business line of credit is a flexible financing option that allows businesses to borrow money up to a predetermined credit limit. Unlike a traditional business loan, where the borrower receives a lump sum upfront, a line of credit allows businesses to draw funds as needed, only paying interest on the amount used. This revolving credit structure provides a financial safety net, ideal for managing cash flow and covering unexpected expenses.
Startups can access business lines of credit, though it may be more challenging than established businesses. Many lenders require several months to several ..read more
United Capital Source Blog
1M ago
Northwest Registered Agent LLC is a trusted registered agent and business formation services provider. Established in 1998, the company has over two decades of experience helping businesses navigate legal compliance requirements. It is the second-largest registered agent service provider in the United States, serving thousands of entrepreneurs and small business owners.
Their primary offerings include LLC formation and registered agent services in all fifty states. Northwest Registered Agent is known for its privacy-focused approach, ensuring that personal addresses are kept off public records ..read more
United Capital Source Blog
1M ago
A business address serves as the official location of your business operations. It’s where clients, vendors, and regulatory authorities contact your business and often plays a crucial role in legal filings. A dedicated business address allows you to receive mail from various carriers. Using a physical business address can help avoid shipping limitations.
The post Why Your Business Address Matters for Business Credit – The Essential Guide appeared first on United Capital Source ..read more
United Capital Source Blog
1M ago
Collateral refers to assets that a business owner pledges to secure a loan. Essentially, collateral acts as a safety net for the lender, ensuring they can recover their investment if the borrower defaults.
In the case of a secured business loan, the lender has the legal right to seize the pledged assets to recover the outstanding loan balance. Collateral helps lenders reduce the risk involved in lending, making them more willing to approve loans for businesses that may not have perfect credit scores or established financial history.
Various types of collateral can be used to secure a business ..read more
United Capital Source Blog
1M ago
Instagram is a visual-based social media platform that allows businesses to create branded content, connect with their target audience, and build a community around their products and services. With over a billion active users, it offers a dynamic space for sharing content, from eye-catching photos and videos to educational content and behind-the-scenes glimpses of business operations.
Instagram is a good fit for small business owners who don't have the time or budget for expensive marketing campaigns. Instagram Business accounts come with additional tools designed to enhance marketing opportu ..read more
United Capital Source Blog
1M ago
Home Depot offers business accounts designed to meet the needs of small business owners, contractors, and other professionals. A Home Depot business account is a type of credit account offered exclusively to businesses. The Home Depot Business Credit Card has several account options, each offering unique features that provide flexibility and rewards for business purchases.
Authorized users can be given buyer IDs, enabling employees to charge on your account. These accounts include the Commercial Account Card, the Commercial Revolving Charge Card, and the Pro Xtra Credit Card.
The post Home Dep ..read more
United Capital Source Blog
1M ago
A trade reference is a report detailing the payment history between a business customer and its supplier or vendor. It provides valuable information about a customer’s payment history, credit terms, and trade relationships with suppliers and vendors. Trade references should not include anticipated payments, which refer to orders that have not yet been fulfilled.
Trade references can be supplied verbally, through a trade reference letter, or by reporting payment history to commercial credit reporting agencies like Dun & Bradstreet, Experian, or Equifax. They help build a business’s credit f ..read more
United Capital Source Blog
1M ago
Buying an existing laundromat can be less costly and time-consuming than starting a new one from scratch. The purchase price can range from $18,000 to $3 million, depending on the location, size, and profitability of the business. While purchasing a laundromat requires a significant investment, it often saves you the time and expense associated with building a new facility.
Acquiring a laundromat with no money down usually involves seeking out unconventional financing solutions. Most small business loans require a down payment. This amount is typically 10% – 30%, which lowers the lender’s risk ..read more
United Capital Source Blog
2M ago
Business credit bureaus collect, organize, and analyze data about companies to determine their creditworthiness. Major business credit reporting agencies, such as Equifax Small Business, Experian Business, and Dun & Bradstreet (D&B), collect and analyze financial data about businesses.
These organizations compile information such as payment history, credit accounts, and public records to generate business credit reports and scores. Other business credit bureaus also gather data that financial institutions and other businesses use to assess a company’s financial stability and credit ris ..read more