Daily Market Forecast

✔  With the Daily Market Forecast (DMF) you will know exactly what side of the market to be on (long or short) as well as the key technical levels that will alert you to take profits, place stops, and maximize returns.

 ✔  Each day after the New York market close you will receive an email with a clearly laid out table that provides traders with all the information they need to know on a broad base of asset classes

Is a Working Capital Loan Right for you?

Every type of financing has its benefits and drawbacks. Learn if working capital lending is a fit for your business.

✔  I want a financing option that doesn’t take a lot of time.

• Fill out a short application and you’ll receive a decision within one business day. You’ll receive funds quickly, usually in three to five business days.

✔  I don’t want to deal with a lot of time-consuming documentation.

• As a business owner, your financial life is complicated. We understand that. With working capital loans, you only need to document your cash flow. Usually, just four months of bank statements and one tax return will provide that .

✔   I prefer a loan that doesn’t require me to secure my home.

• You are pledging your receivables, not your home or other collateral.

How It Works:

Working capital loans are different than conventional loans. It is important you understand the structure to ensure it’s a fit for you.

You’ll need this to qualify:

✔  A business bank account

✔  An Employer ID Number (EIN)

✔  FICO score over 500

✔  Less than three insufficient funds charges per month with your bank

How Much Will It Cost?

Working capital financing is not based on an interest rate. Instead, you’ll pay back a multiple of your loan.

✔  Total payback costs will range from 18¢ to 50¢ per borrowed dollar

✔  For example, if you borrow $10,000, you will pay back $12,000-$15,000

✔  You’ll also pay an origination fee ranging from 0%-5% of your first funding

✔  Repayment terms range from 3 to 24 months

Comparing It to a Bank Loan

Keep in mind that even if you do qualify for a bank loan you will usually be required to pay the loan over a significant length of time. This usually ends up costing you a similar dollar amount in interest, even at today’s lower interest rates. Additionally, the bank will put a lien on your home or other collateral to secure its interest

How Michael used a working capital loan to grow his business*

Michael is a general contractor in Denver, Colorado. Since the onset of COVID, he’s been overwhelmed with business as real estate surged forward. But with the increased workload, client payment timing and supplier issues have put him in a tough financial spot. Between the long hours and stress of keeping up with payroll and expenses, he found himself exhausted.

He looked into a bank and SBA loan, only to find that the process took months. He was told that few applicants were approved, and he didn’t like the idea of having to provide multiple years of tax returns and a slew of other documentation. These lenders would also put a lien on his home.

That’s when Michael heard about David Allen Capital. While the cost was higher, the financing was fast, and no collateral was required. Given that this fantastic real estate market wouldn’t necessarily last forever, he knew that speed was critical. After running the numbers, he realized he’d make the cost back within a short time with his increased growth, plus he understood the interest was tax-deductible.

He filled in the application, uploaded four months of bank statements and one business tax return, and the money was in his account a few days later.

Now Michael is busy, but he’s been moving forward without the day-to-day cash flow worries. The extra funds enabled him to expand his business. More importantly, it allowed him to take advantage of the opportunities the market presented to him.