Texas Product/Business Fund

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Summary

The Texas Product/Business Fund provides asset-backed financing to companies doing business in Texas. Financing is done in the form of direct asset-based loans with competitive lending rates. Loans can be amortized up to the life of the asset.

Benefit

  • Asset-Based Loans

  • Competitive Loan–To–Value (LTV)

  • Positive EBITDA not required

  • Secure loans with property plant and equipment and accounts receivable

  • Competitive variable interest rates

  • Communities or individuals can assist as Guarantors

  • Funds from asset-based financing can be used for day–to–day operating expenses, or as capital for restructuring, turnarounds, mergers and acquisitions, buyouts, new equipment, new product lines, more efficient product lines, etc.

  • Past loans have varied in use and amounts, which have been as low as $225,000 and as high as $40 million