Charlotte Small Business Working Capital – DAC Business Advantage
DAC Business Advantage, its partners and other funding sources provide resources and funding opportunities for small businesses to withstand COVID-19. Our goal is to help you find the right information to make your business a success. If you have a need for working capital, your business could get as much as $25K in 24 hours. Or $25K to $2 million in just 3-5 days.
Charlotte Small Business
Charlotte, North Carolina and its surrounding areas have a diverse economy. They include banking, financial services and motorsports technology.
Charlotte is the home of Bank of America’s corporate headquarters and Wells Fargo’s east coast operations. This has made Charlotte the second-largest bank center in America (after New York City) since 1995.
Despite all the economic potential that Charlotte and Mecklenburg County have, small businesses in Charlotte still have difficulty getting loans from traditional lenders such as banks and credit unions. These lenders have strict guidelines, credit requirements and mountains of paperwork and offer limited loans to small businesses. DAC Business Advantage is happy to assist business owners who are denied by the Big Banks with small business loans.
Why do Charlotte small business owners need financing?
When they are unable to qualify for a traditional small-business loan, most Charlotte businesses opt for a short term loan. The repayment term is shorter and short-term loans have higher costs. To compensate for the greater risk lenders take when offering this product, payments are made more often. Because of their lower documentation requirements (no financial statement required), and more flexible tolerances than traditional loans, these loans are popular with small businesses in Charlotte. This product is an excellent solution for your working capital needs.
Business owners with poor credit have many options for financing their businesses. The risks and pricing terms, repayment terms, and costs of this funding will all affect the financing options available to you. DAC Business Advantage has the expertise and success to help local businesses find business financing solutions quickly and painlessly.
Although small business loans in Charlotte can help you grow your business, it can often take longer to get one. Many banks require you to fill out many forms and provide a lot of documentation to be approved. This can make it difficult and time-consuming. To secure a loan, banks will usually require a minimum credit score of 680+. They may also ask you to provide collateral or equity. About 20% of small businesses have the ability to meet their requirements and can get loans from banks. If you can get a loan from the bank, you should as you will get a better rate.
Banks can also benefit from our service to the 80% of small business owners who may not have collateral or credit as they can refer their customers to us thereby offering an alternative solution to their customers. To us, cash flow is more important than credit scores. Our clients are business owners who have great businesses that generate consistent revenue and could increase sales if they had more working capital. We also help businesses that are eligible for bank loans but require funds quicker than the bank can provide. Our clients are usually funded within 1-2 days.
You can find Charlotte small business loans online. A lender who has a straightforward process and can get you funded quickly is what you should be looking for. DAC Business Advantage is an Independent Agent of David Allen Capital. Nearly 100 Top Tier Transparent Lenders are our partners in the US. Lenders with more experience mean better deals for business owners.
DAC Business Advantage understands how difficult the process of getting a business loan can be. We have an innovative solution to help our clients get fast approvals for their Charlotte small business loans applications. This will allow them to get funded quickly and help them grow their businesses.
This is done by first filling out a one-page application. The application is reviewed by our team of experts who will discuss your business and address any concerns. After you have returned a few documents, our team will work with multiple lenders to find you the best deal. After setting the terms, we will present them to you for your review. Then you can decide whether to accept. After you accept, you can sign the PDF documents online. Your funds will be wired to your account usually within 24-48 hours. Our process is quick and easy to help you get the Charlotte small business loan you need to grow your business.
All the information you need and how to apply is just a click away.
The DAC Business Advantage program provides funding options for businesses from all 50 states. It is available to companies looking to finance between $2,500 and $2 million in just 1-2 business days.
Our business loan advisors are experienced and will help you navigate every step of the loan application process to ensure your business is funded quicker than ever!
As your online lender, DAC Business Advantage will make it easy for you. We’ll take care of everything so you can focus on your business. Our customer service team is professional, prompt and will walk you through every step of the process to get the financing you need. Go to www.DACBusinessAdvantage.com to get started.