Small Business Financing in Texas

With offices in San Antonio, Austin, Houston, El Paso, Lubbock, and Dallas/Fort Worth, Elan combines small business financing in Texas with a personal touch.

Small Business Financing in Texas

At its core, alternative lending refers to the lending industry outside of traditional banks. But in recent years, especially since the 2008-9 financial crisis, alternative lending has grown tremendously. Lenders have grown in technology, data analysis, and special lending algorithms. New lending sources began to capture the small business market previously ignored and increasingly denied by banks. And since the financial crisis, when credit tightened more than ever, these small business owners have been heading to the these new lenders instead of their local banks.

Enter Elan Capital – The Experts in Small Business Financing in Texas

As an independent entity, Elan is not tied to one lender and instead, we can have many lenders working their hardest, to gain your business.

While Elan has 100’s of different programs, small business financing in Texas can be broken down to four main “categories”.

• Term loan is a lump sum you borrow and repay on set terms, including the annual percentage rate. This is generally the least expensive type of financing.
• A line of credit gives you access to a set amount of cash that you can tap when necessary. This is generally used by businesses that need short-term financing to bridge cash flow gaps (ex. seasonal businesses).
• Invoice factoring, also known as invoice financing or accounts receivable financing, is an option for small businesses that deal with unpaid invoices. Instead of just waiting to be paid, you can get an advance on those invoices, which you then pay back along with a fee when customers settle their accounts. This is popular option where there is a big one-time expense
• A merchant cash advance offers a way to get an advance on future credit card/debit card sales.

Elan Capital Inc, has many subsets including