Quick & Easy Business Funding in El Paso, TX
When it comes to running a business in Texas, choosing the right area to set up shop in is an important decision. With hundreds of cities to choose from, each with different economies and industries they specialize in, figuring out which city fits your business’ needs best while remaining an affordable place to operate in, is a tall task.
Few places combine these things to make a highly desirable business environment like El Paso, TX. El Paso, like many other cities in Texas, is rich in natural resources, strong in military presence and an attractive tourism location. While heavy military background makes El Paso a leader in the industry of defense, the Sun City is also a major contributor in the education and healthcare industries.
El Paso has built a significant manufacturing sector in recent years, producing goods like metals, petroleum, automotive parts, and other highly sought-after products. The location of El Paso has made it the second highest international crossing point in the United States, which also makes it an optimal location for international trade.
Small Business Loans in El Paso, TX
El Paso isn’t just ripe with business opportunities, it’s also one of the most affordable places to live, with a cost of living that falls 4% below the national average according to Forbes.com. This allows business owners to operate more comfortably and focus on the essential things like keeping their business update to date with the newest equipment available.
That being said, most small business owners aren’t in the position to spend the type of money required for these kinds of upgrades with a one-time payment and will look to benefit from the uses of a small business loan to help ease the initial hit of these expenses. Business equipment financing is a popular use of business funding, but not the only one.
Business owners have used traditional loans for everything from opening a second office to assisting them with payroll. These are great ways to help your business continue to grow, but not all businesses qualify for these types of loans with big banks. Banks consider small businesses a high risk, and even the most qualified smaller businesses have a hard time getting approved by banks.
At Fast Capital 360, we believe that just because a small business doesn’t meet the high standards of big banks doesn’t mean they shouldn’t have access to the benefits of business funding as well. That’s where online business funding companies like Fast Capital 360 have made it possible for small businesses to receive the funding they need to take the next step for their business.
Online Business Loans in El Paso County
Fast Capital 360’s funding is designed to work with your business, not against it. That’s why our process is fast, transparent, and easy to understand. As a small business owner, we know your time is valuable. That’s why we’ve created an application process that takes the average user less than 10 minutes to complete.
Do You Qualify for Funding With Fast Capital 360?
- Does your business have at least six months of operating history?
- Is your business generating an annual revenue of at least $100,000?
- Is your personal credit score greater than 520?
- Then you might qualify for business funding with Fast Capital 360!
Small businesses in El Paso, TX, and the rest of El Paso County might benefit from some of the business funding programs that Fast Capital 360 has to offer. Whether you run a restaurant and are looking to expand your dining room, or need to purchase an abundance of new inventory with the help of our retail business financing, Fast Capital 360 has a program that works for you.
Another perk of working with a business funder like Fast Capital 360 instead of the banks is our ability to overlook bad credit when necessary. Where traditional lenders might see a below average credit score and immediately decide they can’t work with that applicant, Fast Capital 360 uses other factors to get a better idea of what your business might qualify for.
Bad credit business funding can be hard to find. Fast Capital 360 takes pride in helping businesses who may have had an unlucky break, or an unusually slow season, get the funding they need to get back on their feet and moving forward again.
If your a business owner in El Paso who’s having trouble qualifying for a traditional bank loan; Fast Capital 360 might be the cash flow financing option your looking for. Give us a call today at 800-732-6107 and speak with one of our experienced business advisors about whether or not our funding programs are right for you.
For the best funding options for your small business, contact Fast Capital 360 today and find out what you qualify for in as little as 60 minutes.