• INVENTORY LOANS
• UNSECURED BORROWING 
• FACTORING RECEIVABLES
• WAREHOUSE FINANCING
• ACCOUNTS RECEIVABLE LOANS
• AGRICULTURAL LOANS
• FLOORING LINES
• MACHINERY LOANS 
• INSURANCE AGENCY LOANS
• MEDICAL PRACTICE LOANS
• WORKING CAPITAL LOANS
• GOVERNMENT GUARANTEED LOANS 
• INTERNATIONAL LOANS
• ACQUISITION LOANS 
• EQUIPMENT LEASING
• BUSINESS START-UP LOANS 
• COMMERCIAL PROPERTY LOANS
• SBA LOANS
• AND MUCH MORE

And with offices in Dallas, Houston, San Antonio, Lubbock, El Paso and Austin, we help businesses of all types get the funding they need to be successful.

888.615.1418

Small Business Loans – Texas – Elan Capital

According to the Small Business Administration, more than half of Americans either own or work for a small business. In fact, small businesses create about two out of every three new jobs in the United States each year, making them an integral part of the American economy.

Despite this importance to the economy, many small businesses continue to have a hard time securing the funding they need to grow and thrive through traditional banking. If you’re a small business owner, you may have already learned this the hard way.

This has happened for two reasons.

• Banking boardrooms have shied away from small business lending since the great recession of 2009. The percentage of total bank business loans that go to small businesses has steadily declined over the last two decades, from just over half in 1995 to well under 1/3 currently. As banks lend less and less to small businesses, other alternative options are filling the gap.
• Secondly, take the example of a small business retail shop owner who needs a loan but has little to offer in assets to secure it. “Sally” goes to her local bank and applies for a $50,000 loan. The odds are pretty good she won’t get a loan approval, but will instead, she is more likely to walk away with a credit card application. This is because from a bank’s perspective, that’s about all they can do. Small business loans are simply are not profitable. The cost and considerable manpower required to process them don’t really move the needle for the bank, compared to other, more profitable revenue streams.

The “Alternatives” have turned Mainstream

Why? Primarily because in the early 2000’s, banks generally required a good credit record and a minimum of 2 years in business.

Today, banks want near perfect credit and a most have a minimum of 5 years in business. And they dislike small loans, as most won’t loan much under $1 million.

Small Business Loans – Texas – From Elan Capital

Enter alternative lenders, who cater directly to small business owners and can consider sources of collateral that are habitually overlooked by banks, like real estate, equipment, future revenues, or outstanding client invoices to secure the loan.

Even better, in order to provide a more appealing options to small businesses, alternative lenders are usually much more flexible than larger financial institutions on loan repayments (many offer flexible schedules) and often green light loan approvals much faster than banks, often getting business owners funding within 24-48 hours of the loan application.

With speed, convenience, accessibility and flexibility as lender selling points, alternative loans are among the fastest-growing financial tools for small businesses available today.

And Unlike The Online Lending Websites…

You can actually sit down and talk with us, and get all the answers to your questions — in person.

Finding the right alternative source for capital and business loans in Texas is the first step in the process, so contact the experts at Elan Capital today to investigate your options. You might be surprised at what you’ll find when you work with the Texas leader in the alternative lending field.

Elan Capital is an alternative small business lender with a different philosophy. Combine the in-person service you’d expect from a banker, with the new global financial technology.

And with offices in Dallas, Houston, El Paso, San Antonio, Austin and Lubbock, Elan is a leading provider of small business lending in Texas.

Elan Capital, Inc. combines the best aspects of online lending with personal service here in Dallas and the surrounding area. Elan has direct access to dozens of small business funding sources for working capital in Dallas.

Let Elan Capital find the best solution for your specific needs today.

Small Business Loans – Texas – Elan Capital

Elan has access to dozens of lenders offering;

• Working Capital Loans: Working-capital loans are designed as short-term solutions for businesses in need of money to help run their operation. Working-capital loans are available from most alternative lenders. The advantage of a working-capital loan is that it gives small businesses the ability to keep their operations running while they search for other ways to increase their revenue. Some downsides of a working-capital loan are that they often come with higher interest rates and may have shortened repayment terms.
• Equipment Loans: Many alternative lenders offer their own types of equipment loans. Equipment leases and loans provide money to small businesses for office equipment, such as copy machines and computers, or things such as machinery, tools and vehicles. Instead of paying for the large purchases all at once up front, equipment loans allow business owners to make monthly payments on the items. One benefit of equipment loans is that they are often easier to obtain than some other types of loans because the equipment being purchased or leased serves as collateral. Equipment loans preserve cash flow since they don’t require a large down payment and may offer some beneficial tax write-offs.
• Franchise and Business Startup Loans: Franchise loans and business startup loans are designed for entrepreneurs who need financing to help open their own business or franchise business. These loans, can be used for working capital, or to pay franchise fees, buy equipment, build restaurants and stores, and more.
• Merchant Cash Advance: This type of loan is made to a business based on the volume of its monthly credit/debit card transactions. Businesses can typically receive an advance on their monthly transaction volume, sometimes even more. The terms for repaying a merchant cash advance vary by lender. Some alternative lenders take a fixed amount of money out of a business’s merchant account every day, while others take a percentage of the daily credit card sales. The best candidates for merchant cash advances are businesses with strong credit/debit card sales, such as retailers, restaurants and service type businesses. The advantages of merchant cash advances are that they are relatively easy to obtain, funding can be received in as quickly as a few days, and the loan is paid back directly from credit card sales.
• Business Lines of Credit: Like working-capital loans, lines of credit provide small businesses money for day-to-day cash-flow needs. These are not recommended for larger purchases (like vehicles and machinery), and are available for as short as 90 days to as long as several years. With a business line of credit, you take only what you need and pay interest only on what you use, rather than the entire amount. These loans are usually unsecured and don’t require any collateral. They also have longer repayment terms and give you the ability to build up your credit rating if you make the interest payments on time.
• Professional Practice Loans: Professional practice loans are designed specifically for providers of professional services, such as businesses in the insurance, health care, accounting, legal, engineering, architecture, veterinary fields, and more. These types of loans are typically used for buying real estate, purchasing an existing practice, renovating office space, buying new equipment and refinancing prior debt.

And it doesn’t stop there. Elan has construction loans, inventory loans, factoring loans, agricultural loans and so much more. Elan Capital has a small business loan for virtually every need.

And with offices in Dallas, Houston, El Paso, San Antonio, Austin and Lubbock, Elan is a leading provider of small business lending in Texas.

Today, with one phone call, you can have dozens of lending sources competing for your loan.

888.615.1418

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