For many early-stage companies, securing capital is one of the biggest obstacles. Issues such as limited credit history, lack of collateral and complex loan processes can often stand in the way of a company’s growth.
Amegy Bank works to remove these barriers by educating business owners on building strong credit profiles and guiding them toward financing options, including Small Business Administration loans, which often have more flexible requirements.
Peoples Endurance Apparel, founded by Texas native Elliott Teller, launched nationwide in January with the support of an SBA 7(a) loan through Amegy Bank. The e-commerce business offers cycling and running apparel at an affordable price.
“[Teller’s] vision is to inspire and nurture the next generation of endurance athletes by providing accessible, high-quality apparel,” Westlake branch manager Sal Ramirez said.
With the help of Amegy Bank, Teller is able to do just that.
“Working alongside Elliott, who epitomizes Austin’s culture of community, innovation and active lifestyle, has been a true honor,” Ramirez said. “His dedication and forward-thinking approach, with careful financial planning, have positioned Peoples Endurance Apparel as a trusted, first-choice brand for endurance athletes in Austin and beyond.”
Key financial advice during National Small Business Week (May 4-10)
With National Small Business Week underway, Amegy Bank in reinforcing its commitment to small businesses by encouraging entrepreneurs to prioritize key financial fundamentals:
- Maintaining accurate records
- Understanding cash flow
- Exploring funding options that best align with their needs
To support these principles, Amegy Bank offers a suite of financial tools specifically designed for startups and tech-focused small businesses, including business lines of credit, traditional loans, treasury management services for enhanced cash flow control and digital banking tools for seamless financial management.
“We understand the fast-paced nature of the tech industry and strive to provide solutions that keep up with [business owners’] needs,” Ramirez said. “Because of our local roots, we can offer tailored financial solutions to help them thrive.”
Looking ahead: trends in startup banking
As the financial landscape shifts, Amegy Bank is staying on the leading edge of new trends in startup funding and financial management.
“There is an increased use of technology and digital banking solutions to streamline financial processes and enhance accessibility,” Ramirez said. “Flexible financing solutions are becoming more prevalent, allowing startups to adapt to changing market conditions and growth opportunities.”
A message to hesitant entrepreneurs
For entrepreneurs who may be unsure about seeking financial support, Amegy Bank’s advice is simple: don’t do it alone.
“A banking partnership can provide not only access to capital but also valuable insights and guidance to navigate the complexities of running a startup,” Ramirez said. “Don’t hesitate to reach out and explore the various financial solutions available to support your business’s growth. At the end of the day, we’re here to help you succeed.”
Contact Amegy Bank today to learn more about their services, or click here to schedule an appointment with a banker today.
The above story was produced by Multi Platform Journalist Sydney Heller with Community Impact’s Storytelling team with information solely provided by the local business as part of their “sponsored content” purchase through our advertising team.