Dext Capital Begins Offering Working Capital Loans
JUL 27, 2021 - 6:10 am
Dext Capital began offering working capital loans of up to $250,000 with terms between three months and 24 months. These loans will be funded directly into a business’s bank account and can be used for any business purpose.
Unlike traditional loans for equipment, working capital loans are intended for the financing of a company’s everyday operations. Some of the more common uses for a working capital loan are office renovations, payroll, installation of equipment, business expenses or to help with day-to-day tasks while waiting on insurance or other payments to come through.
During the first month of this new program, Dext Capital funded several loans to its existing customer base and has plans to expand the program to all healthcare businesses.
The typical customer application for working capital loans from Dexter Capital includes basic business information and copies of business bank statements from the most recent three months. Some of the larger applications may require additional statements and a copy of the most recent year’s business tax return.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Being a leader in today’s equipment finance industry takes a sense of purpose, advocating for oneself and being flexible. Amy Gross, executive vice president of the commercial vendor and government divisions at Key Equipment Finance, says being a parent while... read more
Robert Preville is a serial entrepreneur and investor constantly on the move, having founded and led several high-growth companies in the B2B arena before leading APPROVE, an embedded finance software. Earning this year’s Disruptor Icon award, Preville’s approach to leadership... read more