Many small businesses experience enormous challenges getting a traditional business loan in these times for many reasons. For one thing tighter lending restrictions were placed on banks after the 2008 financial crisis. Sometimes the financial institutions have minimums which are above the small business needs and qualification. There is also stringent qualification requirements and challenging terms and collateral requirements that small businesses struggle to satisfy. It is observed that the rate of lending to small businesses have fallen some in preference to lending to bigger firms since the start of the financial crisis.
David Allen Capital, is a small business loan brokerage focusing on getting money for business owners. They have a SIMPLE and FAST method - not requiring a typical bank loan process. They can actually get you a decision in 1 day and funds in a week. CASH FLOW matters more than Credit Score, and there are programs for all credit situations.
David Allen Capital boast a high approval rate, and simple application process.
Generally you can be financed up to the amount you are doing in a month's sales, and all you need is a short one-page CAPITAL QUALIFICATION form in order to get pre-qualified and within 24 hours you will get a result.
Some other benefits to keep in mind:
- CASH FLOW matters more than Credit score
- Use the funds as you choose
- 4 + months in business
- $100k in annual sales revenue
- 500+ FICO score
- Available in all 50 states
If you need to expand, want to take advantage of volume discounts, or Need to better manage your cash flow needs, pay back taxes-- whatever the situation you decide how to use the funds.
The simple four steps to funding See Below:
1. Business Pre-Qualification
Complete the online form here They will review and match with the best provider for you. They will then contact you to discuss available options, answer questions, and complete a 1-page application.
2. Complete 1-Page Application
Complete the simple application which will provide the lenders and advance companies with more business, personal, and financial details. Submit it to them with a few requested documents.
3. Submit Documents
To verify the application and secure approval, they request 4 months of bank statements, a copy of your last year's business tax return, a cancelled check, and a copy of your drivers license.
4. Receive Your Funds
Funds are either wired or ACH deposited into your bank account. Automatic micro-payments begin thereafter and you can renew your loan application after paying off 50 % of the original loan.
