Canyonwick Finance, a small-business funding broker in New Braunfels, TX, answers common owner questions here: who actually lends, whether you can pay yourself from a business loan, whether an LLC can apply, and how a merchant cash advance differs from a loan. Lending partners decide every request and set all terms.
About Canyonwick Finance
Is Canyonwick Finance the source of the funds?
No. Canyonwick Finance is a broker, not a lender, even though Finance is in the name. Partners approve, decline and price every request.
Where is Canyonwick Finance?
133 W San Antonio St, New Braunfels, TX 78130. Phone (830) 219-2123. Most conversations happen by phone.
Do you offer personal, payday or home loans?
No. Canyonwick handles business funding and nothing else. We also do not arrange agriculture or trucking funding, and we do not offer grants.
Choosing and using funding
Where should I start among the six options?
Start from the purpose and how repayment will come in. The six-way comparison helps rule options out quickly, and the four steps show what happens next.
Is paying myself from a business loan allowed?
Money a business raises is meant to be spent on the business. A reasonable owner salary paid through payroll is usually a normal business expense; pulling loan money out as a personal draw is a different matter and may breach the use-of-funds clause. Read the agreement and ask your accountant.
Is it wise to put business costs on a personal loan from my own bank?
Some owners do, especially very early on, but it puts the debt on you personally and may not build a credit record for the business. Business funding keeps the obligation with the company, although many partners still ask for a personal guarantee.
Is an advance on my card sales a loan?
No. A merchant cash advance is not a loan; it sells a share of future receipts. The advance page explains holdbacks, factor rates and reconciliation.
Applying
My business is an LLC. Can it borrow?
Yes. LLCs are among the most common applicants. Partners typically ask for formation details, the EIN, ownership percentages and the owners' identification.
Which fields are on the Canyonwick request form?
Full name, email, phone and business name, plus drop-down ranges for time in business, annual revenue and the amount requested, and a consent box. What the money is for comes up once we have you on the phone.
Does calling Canyonwick touch my credit report?
A conversation with Canyonwick involves no credit inquiry. A lending partner that reviews a request will usually ask for consent to check credit before doing so.
Local questions
Where can I get free help with a plan or projections?
The South-West Texas Border SBDC Network and the SBA San Antonio District Office are good starting points. Our guides list them with links, along with city and county starting points.
Do you work with businesses outside New Braunfels, TX?
Yes. Owners in Seguin, Schertz, Cibolo, Canyon Lake and other nearby towns reach us by phone and online. We have one address, on West San Antonio Street.
Where do I look up a Texas entity's record?
The Texas Secretary of State's business services are at sos.state.tx.us. Partners may check an entity's standing there.
By Canyonwick Finance · Updated