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Our mission at Far West Capital is to fund growing entrepreneurs, so they can achieve their dreams.
Far West Capital provides financing for high-growth entrepreneurs who are frustrated and concerned by their current bank and equity alternatives. Through purchasing or lending on accounts receivable, inventory or purchase orders, our clients receive custom finance and business solutions that specifically meet the personal and professional goals of the entrepreneur.
Our core purpose is to help you unleash your potential.
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To do this, we focus on our core values of: TEAM We contribute all we have and recognize that together we are more
than we are apart. PASSION We care deeply about how and why we what we do. We
recognize that getting it 100% right matters greatly. EXECUTION & EXCELLENCE We follow through and hold
ourselves accountable to only the highest standards. 100% happy clients, 100% clean deals.
TRANSPARENCY We strive to never surprise anyone with anything.
We share information with each other and our clients for the common good.
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Your Seasoned Management Team
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Don Stricklin Chairman
Former president and CEO
of State Bank and Texas United Bancshares and
Bank One
FDIC examiner
Cole Harmonson President & CEO
Former founder and senior
vice president of State Bank’s Working Capital Finance Group (WCFG)
20 years+ industry
experience
Brian Center Executive Vice President
& COO
Former co-owner and president of Comresco Capital, LLC
25 years+ industry experience
Your Seasoned Management Team
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Jason Lippman EVP Client Development and
Marketing
Central TX portfolio manager responsible for business
development, client review and management
18+ years industry experience
Lorena Bolivar Area Manager – El Paso
Manages client relationships,
contracts, collections, deposits and sales
15+ years industry experience
Vince Mancuso SVP Client Development
& Audit and Compliance
Manages business
development and client review
10+ years industry experience
Far West Capital By the Numbers
• 253+ clients served • 50+ years total commercial banking and financing and
entrepreneurship experience of seasoned Far West Capital management team
• 24+ employees dedicated to providing you exceptional,
customized service • 17 years serving Texas and beyond – co-founders in financing
together since 1996 • Locations in Austin, Houston and El Paso • $600,000,000 projected financing in 2013
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How We Help Clients Unleash Their Potential
We provide:
• Tailored solutions • Accounts receivable factoring • Inventory financing • Transportation factoring • Asset-based lending • Up to $10,000,000 • Non-notification available • No minimums • No long-term contracts • Focus on client benefits and & potential profitability • Secured equity financing
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Traditional Client Profile
• Rapidly growing
• Generating revenue
• Unable to obtain or secure adequate traditional banking financing
• Recent losses or unattained profitability
• Dealing with workouts, turnarounds, IRS or payroll tax issues and timing issues
• Debtor in possession financing
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Industries We Serve
• Manufacturing • Wholesale/distributing • B2B services • High-tech • Bio-tech • Staffing • Construction • Transportation
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Why Factoring or Asset-Based Lending?
• Less expensive than equity and no loss of company control
• Less expensive than vendors discounts lost due to insufficient capital (offset costs)
• A way to make volume purchases • Opportunity to grow the company • Terms and discounts offered to customers for prompt
payment (attempt to “jump start” cash flow) • Solves timing issues to continue growth
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Profit Increase Example
² Can the client increase sales? How much? How soon? ² What are the client’s gross margins?
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Without Far West Capital Credit With Far West Capital Credit
$50,000 monthly sales at 30% gross margin $15,000 monthly gross profit
$100,000 monthly sales at 28% gross margin $28,000 monthly gross profit
How Our Clients Get Working Capital
The timing of the entire process depends on the speed of gathering documents. It usually takes 2 to 3 weeks.
1. Meet with Far West Capital 2. Far West Capital reviews client information 3. 24 to 48 hours after reviewing information: written credit
proposal with terms, conditions, etc. or decline notification 4. 1 week review of proposal: evaluate, question, discuss,
conclude 5. Accept proposal: client signs and returns with a deposit (covers
normal searches, document preparation, and pre-funding field examination, if necessary)
6. Closing 1 week from receipt of check and signed proposal letter 7. Initial funding within 1 to 3 days after signing documents
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Ready to unleash your potential?
If you or someone you know needs financing to help grow their business, contact us today! We’re ready to help.
www.farwestcap.com [email protected]
Ph: 888.988.1527 Fax: 512.527.1101
@farwestcap
facebook.com/farwestcapital
linkedin.com/company/far-west-capital
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