Small Business Lending in San Antonio – Elan Capital is a leading provider of fast, affordable small business loans with an office in San Antonio.

Small Business Lending in San Antonio

Elan Capital combines the ease of online lending with a personal touch not found online. Small business lending in San Antonio, Texas at Elan Capital, Inc.

We have written about the Main Street Credit Gap before, but it bears repeating.

Traditionally, a small business owner went to the bank where they had a business account and apply for a loan. Today, small business lending at the big banks is down over 30% from a decade ago and continues to decrease every year.

This is now known as the “Main Street Credit Gap”.

Karen Mills, the former Administrator at the SBA recently stated “The banking industry in the aggregate appears increasingly less focused on small business lending.”

So if you have been denied a loan at your bank, we have good news for you.

Small Business Lending in San Antonio

Elan Capital uses dozens of lenders and is not beholden to just one lender. With each lender having dozens of different lending products, Elan Capital has direct access to hundreds of small business lending programs for virtually any type of business type or need.

All done with a personal touch from small business specialists that live and work in right here in Texas.

One quick application. Dozens of lenders. Hundreds of programs. All with transparent fees.

General Types of Business Loans and Commercial Lending

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 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.
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 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 faster options.

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