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FAQs David Allen Capital / Small Business Loan Terms

“WHAT ARE THE RATES OR PRICE/ COST OF SMALL BUSINESS LOANS*/ CAPITAL ADVANCE WITH DAC?”
​We like to discuss cost or price more than small business loan rates because there are so many definitions for rates. But the cost is generally about 1.2-1.3x of the funded amount. Example, lets say you get $100k, your payback would be about $120-130k or like on $10k, maybe it would be 12-14k. Sometimes it is lower than this and other times it is higher but that is ballpark.

Simple Pricing Vs. Confusing small business loan Rates
Total Cost OF Capital (T.C.C.) vs. Rates
1.2-1.3x Funding/Advance amount
1.3-1.5x if higher risk
Example:
Funded $100,000
Repay $128,000
"EASY BUSINESS CAPITAL ADVANCES / LOANS TERMS"
With a 6 month term, your total cost can be as low as 18¢ per dollar.
Average cost is 30¢ (eg: borrow $10,000, pay back $13,000).
Typical funding amount is $40,000.

With a 12month term, your total cost can be as low as 18¢ per dollar.
Average cost is 35¢ (eg: borrow $10,000, pay back $13,500).
Typical funding amount is $80,000.With a 24 month term, your total cost can be as low as 20¢ per dollar.

Average cost is 42¢.
Typical funding amount is $130,000.
Origination Fee
0%-5% of capital for your first funding (deducted from your capital advance at time of funding).

Example: $100,000 funding with 2% fees. $2,000 fee would be deducted from the funding, so $98,000 would be wired to you.

Minimum Qualifications
*Eligibility for the lowest prices shown above are reserved for customers with the strongest cash flows and credit profiles. Returning customers with the strongest credit profiles and excellent payment history on prior capital products from DAC are eligible for our even lower premier rates.


“HOW MUCH OF A BUSINESS LOAN CAN I QUALIFY FOR WITH YOUR COMPANY?”
Generally it is about what you are doing in monthly sales, and the great thing about David Allen Capital is that all we need is a short one-page application to get started and within a day or so we can have you an offer. It’s free to apply and there’s no obligation to accept the offer.

For example.
You want $10K to $20K loan / capital advance.  You must be doing monthly sales of at least $10K.

You want $20K to $30K loan / capital advance.  You must be doing monthly sales of at least $20K.


"WHY IS DAVID ALLEN CAPITAL THE BEST SMALL BUSINESS LOAN ALTERNATIVE RESOURCE?"
  • DAC identifies and represents only the most reputable capital providers.
          We try to find a lending provider that will say YES to your business loan needs.
          These providers compete to give you the best rates.
          Its One Stop- Best Offers.
  • We have less intensive qualifications than a traditional bank.
  • Your revenue is valued most, rather than your credit score.
  • We provide capital much faster than a traditional bank, which usually says NO to small business loans anyway.
  • Application is Free
  • NO obligation.  You can discuss terms with us- if you don't like them, that is OK; we will not hassle you.
​
"BUSINESS MUST BE IN THE U.S."

"HOW LONG MUST I HAVE BEEN IN BUSINESS TO QUALIFY"
4 months or more; less than 4 months does not qualify

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This website is not an official David Allen Capital, Inc. corporate website.  This site is maintained by Shannon D. Smith, an independent DAC agent. Shannon D. Smith is not a loan broker nor loan agent but rather an independent sales agent / rep sending businesses to  DAC to examine funding offers from lenders DAC represents. DAC Corporate Office: 525 N Main St Suite 270, Milford, Michigan 48381.
© 2008-2020 David Allen Capital, Inc.; additional content copyright Shannon D. Smith. All Rights Reserved.  
*  Any occurrence of the term word “LOAN” or “LOANS” on this  website is for informational purposes.   Some of the lenders that DAC represents process loans and other times, more often, it is an advance against future earnings.  The use of the term loan or loans is not necessarily an offer of a “loan" depending on providers, state and paperwork. “LOAN” is a sometimes used here as the common colloquial word used in  everyday speech when sometimes "advance" is a better term therefore, "Loan" may be used for search purposes.  Note:  we do NOT refer or process "loans" in or for any company based in California but DAC lenders do process "advances" for California businesses. ​
Content presented on this website is  for information and education purposes only. The information is presented for potential interest or use of DAC Capital provider options. Information obtained from this website is strictly voluntary, and any reliance on it should only be undertaken after an independent review of its accuracy, completeness, and timeliness.  None of the information on this site constitutes legal advice. We are not affiliated with the Small Business Administration (SBA).
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