Dallas Business Loans – From Start Up Lending to Small Business Loans, with 6 offices, Elan Capital has Texas covered. Call a loan specialist today!
Dallas Business Loans
Elan Capital Inc brings together the personal service that banks were once known for, with the speed and accuracy of the new FinTech Online marketplace where amazingly, you never actually get to talk to anyone.
Dallas Business Loans – We’ve Done the Research For You.
Get Your Business Matched With a Lender Looking for Someone Just Like You.
If you’ve searched for online lending, you’ve likely noticed that the lending qualifications vary greatly, and while some tell you need to be in business for 2-3 years to apply, others focus on start-up businesses, and others have monthly or annual sales revenue requirements.
Here at Elan Capital for instance, some of our lenders specialize in low or shaky credit scores, while others focus on start-up, franchise and new business loans. We have lenders that concentrate on ultra-fast microloans, while other lenders we utilize prefer lines of credit, or short/ long term loans. Also, a handful of our lenders concentrate on working capital loans or unsecured business loans, while others specialize in merchant cash advance and factoring. Additionally, a few lenders primarily target construction loans and real estate loans, while others focus primarily on equipment leasing and its related tax benefits. And many even focus on various different types of businesses, such as Professional Practices, Farming/Agricultural, Health Care and more. Additionally, Elan has SBA loan programs as well.
With Dozens of Lenders In both North America and Abroad, Elan Capital Can Match You With a Lender That is Looking For Customers Just Like You.
Primary Types Of Dallas Business Loans Available From Elan
- Franchise and Business Startup Loans: Franchise loans are designed for entrepreneurs who need financing to help open their own franchise business. Business startup loans, can be used for working capital, or to pay franchise fees, buy equipment and build restaurants and stores. Elan has New Business Startup Loans and funding here in Dallas.
- 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 of the alternative lenders Elan utilizes, offer their own types of equipment loans and leases. Equipment loans and leases 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.- Merchant Cash Advance: This is a common type of loan made to businesses 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: Much like working-capital loans, lines of credit provide small businesses money for their day-to-day cash-flow needs. These are not recommended for larger purchases (such as vehicles and machinery), and are available for as short as 90 days to as long as several years. With a 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 and veterinary fields. 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.
Fast Dallas Business Loans – We’ve Done the Research For You.
Get Your Business Matched With a Lender Looking for Someone Just Like You.
If you’ve searched for online lending, you’ve likely noticed that the lending qualifications vary greatly, and while some tell you need to be in business for 2-3 years to apply, others focus on start-up businesses, and others have monthly or annual sales revenue requirements.
Here at Elan Capital for instance, some of our lenders specialize in low or shaky credit scores, while others focus on start-up, franchise and new business loans. We have lenders that concentrate on ultra-fast microloans, while other lenders we utilize prefer lines of credit, or short/ long term loans. Also, a handful of our lenders concentrate on working capital loans or unsecured business loans, while others specialize in merchant cash advance and factoring. Additionally, a few lenders primarily target construction loans and real estate loans, while others focus primarily on equipment leasing and its related tax benefits. And many even focus on various different types of businesses, such as Professional Practices, Farming/Agricultural, Health Care and more. Additionally, Elan has SBA loan programs as well.
Fast Business Loans in Dallas, Houston, San Antonio, El Paso, Lubbock and Austin.
Perhaps a major piece of equipment at your store has failed. Or your pipes burst. Maybe you don’t want to miss out on a business opportunity.
Elan Capital provides fast business loans in Dallas as well. We have direct access to dozens of different lenders and hundreds of different programs. In short, we can match you with a lender that is looking for customers just like you.
And with offices in Dallas, Houston, San Antonio, El Paso, Lubbock and Austin, Elan Capital is ready to help you today.
