Elmline Commercial Capital, a small-business funding broker in Longview, TX, answers common questions here: whether it lends (it does not), how to choose a structure, whether an LLC can borrow, using business funding to pay yourself, and where Texas and Gregg County records are kept. Yes or no, and at what price, is always the partner's call, never Elmline's.
About Elmline Commercial Capital
Is Elmline Commercial Capital a lender?
No. Elmline Commercial Capital is a broker, not a lender, even though Capital is in the name.
Where is the office?
513 N Fredonia St, Longview, TX 75601. The phone number is (430) 204-5456. Most conversations happen by phone; see the contact page.
Do you work in Spanish?
No. Elmline works in English only.
Choosing funding
Which structure should I start with?
Start with what the money pays for and how long it will take to pay itself back. The comparison of six structures sets them side by side, and how a request moves shows what follows.
Is an advance on my card sales the same thing as a loan?
No. A merchant cash advance is a purchase of future receivables, not a loan. The advance page explains holdbacks, reconciliation and stacking.
Can a business with little history get funded?
Some partners work with newer businesses, usually with more weight on the owners' credit, collateral or a down payment. Fewer options exist than for established businesses, and none can be promised.
Owners, LLCs and personal money
Can a Texas LLC take out a business loan?
Yes. LLCs borrow routinely. Partners usually want the LLC's formation records, its bank statements and tax returns, and often a personal guarantee from the members.
Can business funding be used to pay the owner?
Business funding is meant for business purposes, and many agreements restrict how it is used. Taking a reasonable owner's draw from business income is normal; borrowing specifically to pay yourself is something most partners will not fund. Check the agreement's use-of-funds wording and talk to your accountant.
Why not just fund the business with a personal loan?
A personal loan puts the debt in your own name and on your own credit, with no separation from the business. Some owners do it at the very start, but it mixes personal and business finances. Elmline does not arrange personal loans; we work only on business funding.
Texas and Gregg County, TX records
Where are assumed names (DBAs) filed?
Depending on the type of business, with the Texas Secretary of State, the county clerk, or both. Our Gregg County assumed name guide explains where to look and how a DBA shows up in a funding file.
Does a contractor need city paperwork in Longview, TX?
Building work inside the city typically involves the city's permitting office. See the contractor registration and permits checklist, and confirm current rules with the City of Longview.
Where can I get free advice?
Small business development centers and other public programs offer free advising. The resources section lists what we have confirmed.
By Elmline Commercial Capital · Updated