access to business capital

Access to Business Capital Holding You Back?

Is access to business capital holding you back? Do your competitors seem more nimble? They may be accessing capital funding, and you can as well.

Is Access to Business Capital Holding You Back?

businessloansA 2016 Dun & Bradstreet report is out and the economic outlook for small businesses has some good news, except for one dark cloud that doesn’t seem to want to go away.

First the good news. More than 8 out of 10 small businesses expect their companies to perform better financially in 2016 than they did in 2015. Nearly two thirds plan to hire at least one employee in the coming year, and over half plan to give raises to employees.

46% said they did better in 2015 than in 2014, but nearly 80% expect to better this year.

But there is still a dark cloud that hovers over many small business owners; limited access to capital. according to the respondents, the #1 change that would spur growth? Increased access to business capital. Nearly a third of business owners cited the lack of access to business capital as the biggest problem they face.

Business Funding Has Changed

dallas-access to business capitalTraditional access to business capital has changed since one of the deepest recessions hit back in 2008/2009. Banks, simply put, are no longer “small business oriented”. It’s a seismic change, and it’s likely to stay this way for the foreseeable future.

For a newer business, a limited or less than stellar credit history can be the biggest stumbling block in getting access to capital, especially for “traditional bank loans”. To help build your credit rating quickly, you can start by making sure that your company’s suppliers and vendors are reporting your payments to the various credit reporting agencies. Not all will do this automatically, and if they aren’t, even making payments on time will not help build your credit history. You may need to specifically request your suppliers report the information.

Grow Your Business Through Access to Business Capital

the best access to business captital Additionally, Elan Capital can work with you to secure funding, that will unlock your potential to grow your business. Many businesses use these new funding sources, then continue to use them, even though they have used the capital to better their credit score and have positioned themselves for “traditional bank loans” due to their flexibility and competitive rates.

Elan Capital specializes in helping small and mid-sized businesses with all their financial service needs. With our experience in business and finance, we know exactly what it takes to help you in all your business endeavors. We’re dedicated to exceeding your expectations.

elan capital - sale-leaseback expertsAt Elan Capital, we treat our clients with courtesy and integrity. We guarantee an efficient service that achieves remarkable results. Our years of experience and notable expertise ensure that your access to business capital and your loan request is in good hands.

Talk to us. The call is free. Find out how we can help you in 2016, and beyond. 

888.615.1418

 

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