At a Glance
Rating Breakdown
Performance Overview
Scores out of 5, based on our editorial analysis
About David Allen Capital
David Allen Capital (DAC) is an MCA broker out of Clearwater, Florida, and they do one thing well: blast your application to 50+ funders at the same time so they fight over your deal. DAC does not fund anything from its own pocket. You hand them your application and 3 months of bank statements, and they fire it across the entire network. Funders know they are competing against dozens of alternatives, so factor rates get driven down to the 1.10-1.25 range for businesses with solid monthly deposits and clean statements. DAC works with advances from $5,000 to $5 million, though the real sweet spot is $25K-$500K where the most funders are actively bidding. There is no separate broker fee charged to you; DAC collects a commission from whichever funder wins, typically 1-10 points depending on the deal. The Best Rate Guarantee is DAC's calling card. Bring them a signed term sheet from any other broker or direct funder showing a 1.35 factor rate, and they will shop it across every funder in their network to beat it. Qualified businesses regularly see counter-offers come back in the 1.18-1.28 range. The selected funder files a UCC-1 lien, and most deals require a personal guarantee. Repayment runs as daily or weekly ACH debits, with holdback percentages between 10% and 20% of daily revenue depending on who funds you. DAC also runs one of the biggest independent agent networks in the MCA space, with 1,000+ agents nationwide originating deals under their umbrella. Stacking policies depend on the funder, but DAC generally steers you toward renewals once 50-60% of the existing advance is paid down rather than layering another position on top.
Key Features
Best Rate Guarantee
Got a term sheet from another broker or funder? Bring it. DAC will shop it across all 50+ funders to beat it. Show them a 1.35 factor rate, and they typically come back with 3-8 counter-offers within hours, often beating the original by 5-15 points. The guarantee covers both new advances and renewals. Even if you end up staying with your current funder, having DAC's competing offers in hand gives you real negotiating ammunition.
50+ Funder Network
DAC works with 50+ MCA funders, from institutional names like Libertas Funding and Fox Capital Group down to niche players that specialize in specific industries or deal sizes. Your application hits every eligible funder at the same time. That breadth matters because funders have wildly different appetites. One might decline a trucking company; another might love it. One might need $20K minimum monthly revenue; another works with $10K. If you have been turned down elsewhere, DAC can often find a funder in the network that fits your profile.
Fast Turnaround
You submit your application with bank statements, and DAC blasts it out. Within 2-4 hours, you are looking at 3-6 offers. Several funders in the network can do same-day funding on deals under $150K if you sign the contract by early afternoon. Bigger deals over $250K usually take 24-48 hours because the underwriting gets more involved, but it is still faster than approaching funders one at a time and waiting days for each response.
One Application, Multiple Offers
Three months of bank statements, a voided check, your driver's license, and a one-page application. That is the whole package. DAC sends it to every funder in the network, and each one reviews it independently. You get back offers showing specific factor rates, advance amounts, holdback percentages, and repayment terms. DAC lines them all up side by side so you can compare total cost, daily payment impact, and term length before you pick one.
Agent Network
DAC has 1,000+ independent agents nationwide bringing in deals. Each agent goes through DAC's training on MCA underwriting, compliance, and deal structuring. For you as a business owner, that means there is probably a local agent who knows your market. The downside is obvious: with a thousand agents, some are sharp and experienced, and some are brand new to the industry. Your initial interaction quality depends entirely on which agent you draw.
How It Works
Submit Application
Fill out one application and attach your last 3 months of business bank statements.
DAC Shops Your Deal
DAC fires your application to 50+ funders simultaneously. They compete against each other to win your deal with their best rates and terms.
Compare Offers
You get multiple offers laid out side by side. DAC's team walks you through the differences in factor rates, repayment schedules, and total cost.
Choose & Get Funded
Pick the offer that makes sense for your business. Funds typically hit your account within 24-48 hours of signing.
What They Do
- MCA Brokerage
- Funder Matching
- Rate Shopping
- Deal Structuring
- Renewal Management
- Agent Training Program
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Short-Term Business Funding
- Working Capital
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Auto Repair Shop Rate Comparison
Auto repair shop in Tampa doing $85K a month in deposits. Already had an offer sitting on the table from a single funder: 1.38 factor rate on $50K, which meant $69,000 total repayment and $383 a day coming out via ACH over 180 business days. The owner figured he'd test whether DAC's Best Rate Guarantee was real or just marketing.
Quick Funding for Seasonal Landscaping Business
Atlanta landscaping company pulling in $120K per month during peak season, but just $35K through the winter. Needed $75K before spring hit to buy equipment and bring on crews. Two direct funders already turned them down -- the application went in during January when bank statements looked terrible.
Pros & Cons
Pros
- The Best Rate Guarantee is a genuine competitive advantage, consistently producing factor rates 5-15 points lower than single-funder offers because DAC creates a bidding environment where funders know they are competing against 50+ alternatives for the same deal.
- With over 50 funders in the network spanning different risk appetites, industry specializations, and deal size preferences, DAC can often find approval for businesses that have been declined elsewhere, including those with seasonal revenue, short operating history, or recent credit events.
- The single-application model eliminates the need to submit bank statements and paperwork to multiple funders individually, saving business owners hours of repetitive data entry and reducing the risk of inconsistent information across multiple applications.
- DAC charges no separate broker fee to borrowers, as the company earns its commission from the funder side of the transaction, meaning the cost to the business owner is the same as or lower than going directly to the funder.
- Same-day funding is available for advances under $150K through several funders in the network, with applications submitted by early morning often resulting in funded deals by end of business day if the borrower signs promptly.
Cons
- As a broker rather than a direct funder, DAC has no control over the final underwriting decision, meaning a funder can change terms or decline a deal after initial approval based on additional due diligence or updated bank statement review.
- The large agent network of 1,000+ independent contractors means the quality and professionalism of the initial sales interaction varies significantly, with some agents being highly knowledgeable and others being newer to the industry with limited MCA expertise.
- DAC's funder network files UCC-1 liens on business assets, which can complicate future borrowing from banks or SBA lenders who require a first-position lien, and lien removal after payoff can take 2-4 weeks depending on the funder.
- The competitive bidding format means your financial information is shared with 50+ funders simultaneously, which some business owners find uncomfortable given the sensitivity of bank statement data and the lack of a formal data-sharing consent for each individual funder.
User Reviews (25)
third advance and the rates keep getting better
First advance: $20K at 1.30. Second: $35K at 1.24. Third (current): $50K at 1.18. Each time DAC shops the renewal and each time the factor rate drops because I have a clean payment history. I run a coffee shop doing about $55K/month. The daily payment on this advance is $327 which is totally manageable. DAC basically acts like my financing department at this point.
same day funding is not a joke
Needed $40K urgently for inventory before a holiday sale. Applied through DAC at 8am, had 4 offers by 11am, signed the contract at noon, money was in my account by 4pm the same day. 1.20 factor rate. $48K total repayment over 6 months. Daily debits of $267. For an e-commerce business where timing is literally everything, same-day funding was worth its weight in gold. Would use again 100%.
idk why anyone would go direct to a funder when DAC exists
Seriously. Why would you accept the first offer from one funder when DAC can get you 5-6 competing offers for free? I got $15K at 1.18 for my food truck. Factor rate is practically nothing compared to what I was quoted directly (1.42 from a cold-calling funder lol). Total repayment $17,700 vs $21,300. That saved us real money just by using a broker instead of going direct. Zero reason not to shop your deal.
the best rate guarantee is actually real
Had a 1.38 factor rate offer from another broker sitting on my desk for a $50K advance. Figured I'd test DAC's guarantee. They came back with 6 competing offers in about 3 hours. Ended up signing at 1.22 with a different funder. That saved me a good chunk in total repayment. I run an auto repair shop in Tampa doing about $85K/month. Daily payments were way lower than what I would've been paying with the other broker. saved me a bunch over the full term.
third time using them, always solid
This is my third advance through DAC. First was $25K at 1.28, second was $50K at 1.22, now I'm on a $75K at 1.19. Each time the factor rate has gone down because my repayment history is clean. HVAC business doing $110K/month. Daily debits are $497 on this one. My only gripe is I wish they had a dedicated account manager instead of a different agent each time. But the results speak for themselves. James was my rep and was great.
no separate broker fee which is nice
One thing I appreciate about DAC is they don't charge you a separate broker fee. Their commission comes from the funder. I've worked with other brokers who tack on 2-3 points on top of whatever the funder charges. DAC doesn't do that. Got $25K at 1.24 for my deli. $31K total repayment. Clean and straightforward. The daily payment is about $172 which is fine for us.
good broker but dont expect miracles on factor rates
DAC is good at what they do but let's be real — they can't change the fundamental economics of MCA. Even their "best" rates are still expensive compared to a bank loan. Got $70K at 1.22 which sounds great until you realize that's still $15,400 in fees for 9 months of money. An SBA loan at 8% would've cost me about $4,200 for the same period. DAC finds the best MCA rate but MCA is still expensive money. Just keep that in perspective.
great for rate shopping but agent quality varies
My first DAC agent was clueless — kept calling MCA a "loan" and couldn't explain holdback percentages. I asked for someone else and the second agent was significantly better. They have 1,000+ agents so ymmv on who you get. The actual rate shopping part worked exactly as advertised though. Got $65K at 1.25 for my contracting business. Just don't be afraid to ask for a different agent if yours seems inexperienced.
best rate guarantee saved us a good chunk
My husband and I run a catering company. Had an offer from a funder at 1.40 on $100K. That's $140K total repayment which felt insane. DAC took that term sheet and shopped it. Came back with 1.28 from a different funder. $128K total. We saved a good chunk just by spending 20 minutes filling out DAC's application. The funded amount, repayment terms, everything was laid out side by side so we could compare easily. This should be mandatory for every business owner getting an MCA.
switched from going direct to using DAC and wont go back
I used to apply directly to funders one at a time. Wait 2 days for a response, get declined, try the next one. With DAC I submitted one app and had 5 offers by end of day. The factor rates ranged from 1.19 to 1.35 so there was a real spread. Picked the 1.19 on a $100K advance for my restaurant. That's $119K total vs $135K if I'd taken the worst offer. Fwiw the process was painless — 3 months bank statements and a one-page app.
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Important Merchant Cash Advance Disclaimers
- A merchant cash advance is not a loan. It is a purchase of future receivables at a discount. Factor rates, not APRs, are used to express the cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the term and factor rate.
- Repayment is typically collected daily or weekly via automatic ACH debits or a percentage of credit card sales. This means your repayment amount fluctuates with revenue but withdrawals occur every business day, which can strain cash flow during slow periods.
- Most MCA agreements require a personal guarantee from the business owner. In the event of default, the MCA provider may pursue the owner's personal assets, including bank accounts and property.
- MCA providers commonly file UCC-1 liens against your business assets. This lien may prevent you from obtaining additional financing until the advance is fully repaid and the lien is released.
- Merchant cash advances are not regulated by federal lending laws such as the Truth in Lending Act (TILA). State regulations vary widely, and some states have limited consumer protections for MCA products.
- Stacking multiple merchant cash advances (taking a second advance before the first is repaid) significantly increases the risk of default and can lead to aggressive collection actions including confessions of judgment in some jurisdictions.
- Zogby does not provide merchant cash advances or business financing. We are an independent comparison service. We do not fund advances, process applications, or guarantee approval on your behalf.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
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