Business News: Veteran business is now providing business finance with minimal demands.
Tracy GJ Congdon US Army Veteran and President of Belleville, MI-based Local Marketing Pro, has partnered with David Allen Capital, Inc (DAC.) As an independent business services agent, this allows his company to offer funding and additional services to further its mission to see small businesses survive and thrive in these troubled times.
They offer between $ 10,000 and $ 2,000,000 and can have it deposited for you in about a week. It keeps no secret that the financing offered is more expensive than the loans from traditional banks. In fact, it often encourages potential clients to check with their financial institution first.
Tracy says, “If you have flawless credit, low money, collateral and time to wait for them, use your bank / credit union. If you have an opportunity that can’t wait 6 to 8 weeks, you need of working capital NOW, or to finance equipment, buildings, even vehicles to get over a little bit, we are here for you.
This is our niche. “Their next most important services are the creation of companies to offer financing for their customers, microfinance and financing of small business equipment.
They have no tariffs, they use a cash cost. Their underwriting department is based on a client’s pre-qualification question (at the link above) and a conversation with him. Your credit score is not a critical factor in the decision. Half 500 FICO, four months in business and positive cash flow. The rates allow the total amount borrowed to increase over time, its cost per cash remains the same amount throughout the term. There are also no prepayment penalties.
“We have recently seen a large amount of real estate investors borrow $ 150,000 to $ 500,000 a month to flip properties faster,” said Tracy.
Being a veteran, Tracy donates a portion of her profits quarterly to some subsidiary organizations that help veterans and their families.