Access to Capital

One of the major challenges facing small businesses today is their ability to access to credit and capital. The ability for small businesses to be able to access credit and capital throughout their lifetime is vital for the ensured success of their business and the growth of our national economy. To ensure that businesses have greater access to credit and capital, the El Paso Hispanic Chamber of Commerce recommends the following:

  • Increase the authorization level for SBA loans
  • Increase the Credit Union Cap
  • Ensure businesses have access to funds through alternative means such as crowdfunding.

Tax Reform for Small Businesses:

Burdensome tax is continually one of their chief complaints of small businesses. High tax rates and an overly complex tax code are two of the worst problems currently plaguing businesses. Seventy five percent of small businesses are organized as pass through entities, meaning that they pay taxes on their income at the individual rather than the corporate tax rate. This leads to reduced cash flow and limits investment. The complexity of the tax code further drains small businesses of their financial resources and valuable time. The El Paso Hispanic Chamber of Commerce urges Congress to pursue comprehensive tax reform and consider the following changes:

  • Lower the individual tax rate
  • Eliminate the Estate Tax
  • Eliminate the Alternative Minimum tax
  • Simplify the tax code
  • Better define employees vs independent contractors

Healthcare Reform:

One of the largest costs small business face is the rising cost of healthcare. For the past 20 years, healthcare costs have been steadily rising, straining small businesses and making it more difficult for these businesses to offer health insurance to their employees. From 2013 to 2014 alone, 62% of small businesses experienced premium increases. This problem will likely only be exacerbated by the burdensome rules and regulations created by the Patient Protection and Affordable Care Act. To ease the burden on small businesses, the El Paso Hispanic Chamber of Commerce suggests Congress work to:

  • Repeal the employer mandate
  • Repeal the health insurance tax
  • Allow businesses to provide their employees with more options

Contracting Issues:

Our members urge Congress and the Administration to improve the federal marketplace by improving transparency and ensuring small businesses are treated fairly and equitably Small businesses deserve equal opportunities to participate in the federal marketplace

Small businesses infuse the federal procurement system with much-needed competition and provide high-quality goods and services to federal-contracting agencies—a recognition reflected in the objectives of the Small Business Reauthorization Act of 1997, which called for 23 percent of prime, federal contracts to be awarded to small firms.

For the second year in a row, the 23% was met for FY 2015. in FY 2014, the federal government actually surpassed the 23 % goal, awarding 24.99 % of all federal contracts, or $91.7 billion in contracts to small businesses. The members of the El Paso Hispanic Chamber of Commerce applaud all of the federal agencies for their dedication in ensuring that these goals are met and that our small businesses are allowed the chance to succeed. The EPHCC’s members support increasing the federal government’s federal-contracting goal. Additionally, our members urge Congress and the administration to pursue the following policies:

  • Terminate the practice of contract bundling
  • Ensure businesses are paid in a timely manner
  • Improve oversight for OMB
  • Streamline the 8(a) certification process

Regulatory Reform:

In a ranking of top problems for small businesses, regulatory issues rank second. With ten new regulations being finalized every day, the burden regulations place on businesses is constantly growing; straining businesses limited resources and taking up more and more of their valuable time. The El Paso Hispanic Chamber suggests that Congress take the following steps to help ease the burden of regulations for small businesses:

  • Clarify the indirect costs of regulation
  • Increase Business Input
  • Reduce Penalties and Fines
  • Provide More Compliance Assistance Resources
  • National Regulatory Budget

Overtime Expansion:

The chamber’s members understand the need for employees to be fairly and equitably compensated for their efforts. However, the needs and demands of the labor force must be balanced with the needs and constraints of the business community. On the surface, the proposed changes to these regulations appear to greatly benefit American workers. However, when the effects these changes have on businesses are examined, it is clear that both businesses and workers will suffer. When small businesses suffer, American workers suffer. The financial burden and strain these changes will place on businesses will force business owners to demote and lay off employees and cut hours to keep their businesses operational. Like the employees whose hours will be cut or who will no longer have a paycheck, business owners have families to support. Burdensome regulations, such as those proposed, limit the ability of these community members to be profitable and provide for their families. The proposed increase is too drastic and will, in the end, hurt American workers, businesses, and the economy more than it will help.

Based on the opinions of our members, the Chamber recommends adjusting the salary threshold according to the median income and cost of living of specific regions rather than utilizing one income threshold for the entire country. If, for whatever reason, this is not a feasible option, the chamber recommends increasing the threshold to $30,000. Any further increases to the threshold should be made incrementally over time. These proposals balance the needs of the labor force with the constraints facing many small businesses. This allows both groups to flourish and help the economy grow.

In addition, the Chamber urges Congress to support S. 2707 and H.R. 4773, the Protecting Workplace Advancement and Opportunity Act, which would nullify the proposed rule. The passage of this legislation would allow the Department of Labor more time to investigate the true cost of these proposed rules to both businesses and employees.

Immigration Reform:

Small businesses are currently facing a shortage of skilled workers making them particularly susceptible to the impacts of immigration reform. While the El Paso Hispanic Chamber of Commerce understands the complexity of this issue, the following suggestions will help the US compete in the global market and encourage economic growth.

  • E-Verify Requirements: Mandatory E- Verify requirements should have reasonable penalties, contain a swift error correction mechanism, and compensate both individuals and businesses for any losses incurred due to database errors.
  • Changes to Visa Programs: Congress should consider instituting a new visa category for highly skilled workers, increasing the number of visas available for foreign born students graduating with an advanced STEM degree, and eliminating the per country numerical cap on employment based visas.
  • Reform the H-2B and H-2A Visa Programs: Congress should work towards reforming the H-2B visa program by making the 3 year return worker exemption permanent, adjusting the cap on the number of these visas issued utilizing a market based regulator, and working to streamline the process. In addition, the El Paso Hispanic Chamber of Commerce supports efforts to modernize, reduce red tape, and improve the efficiency of the H-2A visa program.


An important place to voice your concerns regarding these issues or any additional ones is through us! Contact our Advocacy Director to share your thoughts. Give us a call at 915.566.4066 or contact Michelle Luevano directly at This email address is being protected from spambots. You need JavaScript enabled to view it.
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