Kentrell P.
I submitted my application
I submitted my application. It told me I was PreApprove. Only to find out they denied me. 👎🏾👎🏾👎🏾
Response from David Allen Capital, Inc.Mar 6, 2024
Hello Kentrell Pritchett, If in fact you applied with us - I'm sorry you were denied. And I'm also sorry the pre-approval has bothered you. As stated on the website PreApproval page, the preapproval is determined by the answers given in the funding application. For final approval to be granted: 1) actual monthly sales must match the sales reported on the app, 2) time in business must match the time reported on preapproval app, 3) you must not already have a loan being paid back by business (unless disclosed that on preapproval app). 4) must not have too many NSFs or negative bank balance days. 5) Then finally - one must pass the background check. So Kentrell, if in fact you received a "PreApproved" it was based on the answers you provided on the app. If those were not accurate, or you have background issues - then you wouldn't get final approval.




