Small Business Loans in El Paso – Elan Capital has access to the widest variety of lenders in Texas. With offices in El Paso, San Antonio, Dallas, and more.
Small Business Loans in El Paso
Elan Capital, Inc, serves the Texas small business market by providing commercial and small business financing in Dallas, Fort Worth, Houston, San Antonio, El Paso, Austin and Lubbock for virtually any project or need; start-ups, business acquisitions, real estate, expansion, construction, remodels, refinance, franchises, equipment, inventory, furniture, fixtures , lines of credit and working capital.
Small business loans in El Paso. One call. Dozens of lenders competing for your business. Personal service. Transparent.
Small Business Loans in El Paso – Elan Capital, Inc.
A Short History
There is no argument on how small business lending has changed since 2007.
The small business lending landscape today bears very little resemblance — functionally, structurally or even in terms of customer service — to what it was back in 2007.
In the not so distant past, if you needed a small business loan, you walked into your bank and sat across the desk from a banker. Then the paperwork (and lot’s of it) got started.
When the Great Recession hit in 2008, traditional banks and credit unions quickly changed their lending standards, making it very difficult for small business owners to get any funding.
Alternative lenders stepped in to fill the void.
They helped small business owners when the banks would not.
Now banks, even some of smaller regionals, don’t even bother with small business loans of under $1M. They won’t even think about processing an application for a $200,000 loan. They just hand you a credit card application. They have realized that loan processing costs are the same on a small loan of $200,000 are the same as on a $2 million loan, and the latter has tons more profit for shareholders.
So first, it was a recoil from the near crash of the century, then it was the realization that there are other, larger profit centers. Sad reality, even with good credit, it’s tough to get approved for a small business loan. You are much more likely to be handed a bank charge card application.
The dollar amount of small business loans for the top 10 banks is half of what it was in 2006. But the big story is the average size of the loans has tripled to over $900,000.
- Banks are loaning less, and when they do, it’s only to bigger business and larger loans with more profit for shareholders.
Small Business Loans El Paso – Done Right – Elan Capital, Inc.
Elan has access to dozens of lenders offering;
- 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
If you are looking online for small business loans in El Paso Texas, how do you choose from so many online vendors and platforms? How do you research the most trusted sources, how do you avoid hidden fees? What are the customer service issues?
Unlike the many online vendors, Elan Capital is not beholden to one or two financing companies.
We have done the research for you. Elan has has direct access to dozens of alternative financing sources with hundreds of different lending programs.
Because there is no one size fits all here in Texas. Every business is different, even in the same industry.
Most financing companies specialize in low credit scores, while others focus on start-ups, specific industries, etc. Because Elan Capital has so many financing sources, we have the right solution at the right time for virtually any business owner.
The best of both worlds. Online Speed and In-Person Service.
With offices in Dallas/Fort Worth, San Antonio, Austin, Houston, El Paso, and Lubbock, Elan combines small business alternative lending in Texas with a personal touch not found “online”.
Additionally, as an independent entity, Elan is not tied to one lender and instead, we can have many lenders working their hardest, to gain your business. All your questions answered. No hidden fees.
At Elan Capital, we understand that business owners here in Texas, simply needed a better way to fund their business. Elan supports growing businesses by providing credit when you need it without the hassle. We add value and our relationship grows as your business grows.
When looking for Small Business Loans in El Paso, know that today, with one phone call, you can have dozens of lending sources competing for your loan.