Far West Capital is a custom financing company[1] The company has offices in Austin, Houston, Dallas, El Paso, Texas and Phoenix, Arizona.[2] operating as a subsidiary of Houston-based Advantage Business Capital.[3]
| Company type | privately held |
|---|---|
| Industry | finance |
| Founded | 2007 |
| Founder | Don Stricklin Cole Harmonson |
| Headquarters | Austin, Texas |
Area served | Austin Houston Dallas El Paso, Texas Phoenix, Arizona |
| Services | factoring of accounts receivable asset-based lending purchase order financing inventory financing transportation financing |
Number of employees | 25 |
| Website | farwestcapital.com |
Services
editFar West Capital provides factoring of accounts receivable, asset-based lending, purchase order financing, inventory financing and transportation financing. The company services clients from various industries, including manufacturing, construction, wholesalers/distributors,[4] B2B services providers, high-tech,[5] bio-technology, staffing and transportation.[6]
History
editFar West Capital was founded in 2007 by Don Stricklin and Cole Harmonson in Austin, Texas.[7] Since its inception, the company has grown and expanded its offices to Houston, Texas, Dallas, Texas, El Paso, Texas and Phoenix, Arizona. The company employs 25 employees and has served more than 200 clients, with an annual growth of 20% each year.[4]
Far West Capital provided $300 million in financing in 2011,[4] $500 million in financing in 2012 and has projected $600 million in financing in 2013.[citation needed]
Far West Capital was acquired by Advantage Business Capital in June 2018.[3]
References
edit- ^ Russakoff, Rich (January 10, 2013). "Who's got your back?". Moneywatch. CBS News. Retrieved 2013-10-28.
- ^ Gonzales, Angela (June 3, 2013). "Far West Capital expands into Phoenix". Phoenix Business Journal. Retrieved 2013-10-28.
- ^ a b n.a. (5 June 2018). "Advantage Business Capital Acquires Far West Capital". ABFJournal.
- ^ a b c Jeffrey, James. "Austin startup uses factoring to fund growth". Austin Business Journal. Retrieved August 31, 2012.
- ^ Calnan, Christopher. "Xplore Technologies lands $8.5M funding agreement". Austin Business Journal.
- ^ "About Far West Capital". Far West Capital. Archived from the original on 2013-08-26.
- ^ "Management Team". Far West Capital. Archived from the original on 2013-08-26.