Small Business Funding in Dallas

Small Business Funding in Dallas

If you require small business funding in Dallas, call the experts in Texas small business loans – Elan Capital Inc. Fast loans with total transparency. Call Today!

Small Business Funding in Dallas

Small Business Funding in DallasThe small business lending climate has changed considerably in the past decade. Banks have cooled considerably when it comes to small business funding in Dallas and across the nation.

Despite of the importance to the economy, since 2008, 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.

But thankfully, the deregulation of the banking industry has also made new choices available that never existed before.

This has happened for two reasons.

  • Banking boardrooms have shied away from small business lending since the great recession of 2008. The percentage of total bank business loans that go to small businesses (typically defined by the SBA as having less than $10 million in annual sales) has steadily declined over the last two decades, from just over half of their loans 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 $25,000 loan. The odds are pretty good she won’t get a loan approval, but 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.

Small Business Funding in Dallas – Elan Capital Inc.

At Elan Capital, we know small business. We love small business. We champion small business.

We believe in you.

Here at Elan Capital, we want to empower you with the funding and capital you need to grow your business. It’s simply not enough to “tread water”. We focus on small business, with flexible financing, combined with small business expertise designed to get you where you want to be. At Elan Capital, we are a partner in achieving your business goals.

Flexible small business funding in Dallas and beyond to support your business needs

important factors when buying a business

With offices in Dallas/Fort Worth, San Antonio, Austin, Houston, El Paso, and Lubbock, Elan combines Small Business Funding in Dallas with a personal touch not found “online”. 

At Elan, our expert funding advisers can help you determine which of the many types of small business loans will best support your needs.

Above all, you’ll be dealing with a company that values honesty, integrity and transparency. But most of of all…

Passion

Each member of our team truly cares about your success. We have a passion for changing the lives of every day people in our community. We are dedicated to our mission and we believe in our cause.

Because the reason we exist, is you.

And because of that passion, we have come to refer to our services as;

Alternative Financial Services in Dallas 2.0 – Elan Capital, Inc.

Open! With a small business loan in IrvingElan Capital, Inc combines the best aspects of online lending with personal service here in Dallas and Fort Worth. Elan has direct access to dozens of small business funding sources.

Let us find the best solution for your specific needs today.

The reality is that even if you could apply for a small business loan at a bank, know that only the very best customers get approved, as only 20% of small business loans go through at the big banks, and less than half get approved a community banks and credit unions.

But that’s not why Alternative Financial Services are popular.

Sure, the approval rates are better…

But the choices are far better as well.

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.
  • Alternative Financial Services in Dallas - loans and leasesEquipment Loans: Many alternative lenders offer their own types of equipment loans. 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 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.
  • Alternative Financial Services in Dallas - small business working capitalBusiness 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 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.
  • Franchise and Business Startup Loans: Franchise startup loans are designed for entrepreneurs who need financing to help open their own franchise business. These loans, can be used for working capital, or to pay franchise fees, buy equipment and build restaurants and stores.

And it doesn’t stop there. Construction loans, inventory loans, factoring loans, agricultural loans and so much more.

Elan can also help you get an SBA loan if needed, though that takes some time and effort, and if you need financing quickly, we have plenty of other options.

small business funding in DallasElan Capital has opened the door wide for alternative small business funding in Dallas. 

Looking for small business funding in Dallas and Fort Worth? With one call, you can have dozens of lending sources competing for your loan. 

888.615.1418

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