Business Funding in El Paso, TX

El Paso sits on the Rio Grande across from Ciudad Juárez, and together the two cities make up one of the largest binational metro areas in the world. Billions of dollars in trade cross the bridges here every year: auto parts, electronics, medical devices and appliances made in Juárez factories head north, and materials and components head south. The Bridge of the Americas, Ysleta-Zaragoza and the other ports of entry keep customs brokers, freight forwarders, trucking companies and warehouses busy around the clock. Fort Bliss is the city's other anchor. It is one of the largest Army installations in the country by land area, and its soldiers, families and civilian workers support a big share of the local economy. UTEP, Texas Tech Health Sciences Center El Paso, University Medical Center and The Hospitals of Providence round out the major employers, and Helen of Troy keeps its headquarters here. The small businesses in between include trucking and logistics carriers, customs brokers, warehouses, contractors, auto dealers and repair shops, restaurants, retailers that depend on shoppers from Juárez, medical and dental practices, and staffing firms. Many are Hispanic-owned and family-run, and many do business on both sides of the border. Cash flow here depends on the border and the base. A slowdown at the bridges or a swing in the peso hits truckers and retailers fast. Carriers wait 30 to 45 days on freight bills. Contractors working on Fort Bliss wait on federal payment cycles. And many businesses are too young or too cross-border for a bank to underwrite easily. Y Millennial Funding is a direct funder of merchant cash advances for El Paso businesses doing $50,000 or more a month, approved on deposits rather than credit score, with same-day decisions for eligible applications and funding commonly within 24 to 72 hours. A merchant cash advance is a purchase of future receivables, not a loan. Not all applicants qualify.

Merchant cash advances are not loans. Funding amounts, terms, and timing vary based on business performance and underwriting. Not all applicants qualify.