The study also found El Paso's small-business lending figures comparable to those of other Texas border cities. Chase Bank was below average. Bank consolidations have not hurt the ability of local firms to obtain credit. Loan denial rates to minority vs. other-owned firms are higher. If these folks needed a loan, they would have a hard time getting one.
Local firms make little use of the support services that already exist.
What it means Edmonson said information from the study should be seen as a foundation on which to build solutions for El Paso's business-lending challenges. They were asked to evaluate a survey they had not seen. The survey is statistically sound. As envisioned, businesses using this service could tap into a variety of support services for help in approaching lenders for capital, and for help in growing their businesses. For the complete text of the Executive Summary Copyright '98-'99, El Paso Inc., All rights reserved Designed by Sigma 4, Inc.