Texas Business

Development Center

GoTexasLoan.com 

Email Us at info@GoTexasBusiness.com

Call Us at (866) 258-7095

Toll Free: 

(866) 258-7095 

Fax: 

(800) 796-7196 

 

 

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TBDC Home Page Contact Our Staff E-Mail Us Request More Info Loan Application

The Texas Business Development Center and On Deck Capital has created an opportunity for higher risk businesses to access fairly priced loans by connecting them to investors that are willing to look beyond the credit score and lend based on strong cash flow. Since we understand the power of the cash flow, we have implemented an automatic daily repayment system that gives investors confidence that their risk is minimized and allows you to stay focused on running your business rather than managing your loan.

 

Our Micro Loan is now available to any US based business and is a smart alternative to a bank loan because we allow you to use the strength of your cash flow to quickly access affordable loans.  We believe it is critical for our clients to clearly understand the terms of their loan, how it compares to other alternatives and what they can expect from their partnership with us.

 

Successful repayment of your On Deck loan is simple. All you have to do is ensure that you have enough funds in your bank account to cover the cost of your daily payment. The automatic repayment of your On Deck loan will help you to develop a positive track record so you can access improved rates with us and other banking institutions.  

 


TBDC will be closed for the Holidays the week of Monday December 22ond thru the 28th, Open again on December 29th

Home Of Go Texas Loan.com Unsecured business loans up to $100,000 for any US Based business How A Micro Loan Works: A brief explanation of how a Micro Loan works Who Qualifys for a Micro Loan? This will have alll the information about what is required to qualify fo a Unsecured Micro Loan Documents Required to approve a Micro Loan: Lists everything you ned to do to get approved for a Loan Documents Required To Fund a Loan: After you have been approved supporting documentation will be required before funding listed here Frequently Asked Questions: Everyone has questions or simply needs mor information, here are some standard questions we have encountered: asked and answered. Agent Bank Program: Link to Agent Partners with The TBDC and On Deck's Micro Loan Program

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Put Your Mouse over theIcon: Put you mouse over this icon image and you will see more details and a description on the facts listed to its rightIcon to get more information on each requirement listed

 


48 Hours Approval Time: How long after we recieve your application and bank statements before we know the approval status of your loanApproval Time - Once application and supporting docs are received
7 Days Funded: Amount of time it takes after we recieve all your supporting documentation to fund your mone ACH into your business Bank AccountFunded - ACH'ed in your business account after docs are received

01.18

Minimum Factor Rate: This is the number you multiply by the amount of money you want to borrow to find out what the total payback, principal and intrest will be at the end of 12 monthsMinimum Factor Rate - (EX: $10,000 x 1.18 = $12,000 payback) 

12 months

Loan Term: Because this is a Micro loan the terms are shorter, increasing the rate but in the end saving you moneyLoan Term -  Micro Loan

257 Days Loan Payback: This is the amount of days during the term orf the loan money will be deducted, Mon-Fri, No Holidays or WeekendsLoan Payback - deducted  Monday thru Friday, not on weekends or holidays

$0.18 cents

Loan Cost: Also called the Discount Rate, this is the cost per dollar borrowedLoan Cost - per cents on the dollar cost for the loan (compare to bank loan)

0.01%

Originator Fee: Applied to the cost to process the loan application and all the documents involved for approval and funding of your Micro LoanOriginator Fee - Deducted Before The Loan Funded ($10,000 loan funds $9900)

0.02%

Broker Fee: This is charged by the person or company that fist contacte you about this loan. Broker fee is only collected After the loan is fundedBroker Fee - Maximum Amount - Paid After The Loan Is Funded - Can Be Waived


 

All loans have a $25 a month maintenance fee during the life of the loan

Once approved you will be issued a user name and password to see your loan status 24/7/365

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Once 75% of the loan is paid off you can apply for another loan

Loans can be paid off early if complete principal and interest for life of loan paid in full

 

 

 

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www.GoTexasLoan.com  is a Division of The Texas Business Development Center

 

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Toll Free (866) 258-7095 • Fax (800) 796-7196 • E-Mail

 

 

 

 

 

GoTexasLoan.com is a Division of the Texas Business Development Center offering Unsecured Business Loans to any US Based business