HOUSTON, TX — Advantage Business Capital, a subsidiary of Central Bank of Texas, announced that its factoring division has provided funding for multiple facilities totaling $5.25 million.
The largest facility is a $5 million working capital revolver to a Document and Data Services company specializing in health insurance customizations. This credit facility will allow the company to pay off their current lender and open more opportunities down the road.
Additionally, Advantage Business Capital has funded a $250,000 invoice factoring facility to a Texas-based food contract packing (co-packing) manufacturer. This credit facility will enable the client to increase production and staffing.
“These facilities demonstrate our commitment to providing working capital solutions across diverse industry sectors,” said a spokesperson for Advantage Business Capital. “Our specialized factoring solutions help growing businesses resolve immediate cash flow needs while positioning them for future expansion.”
Advantage Business Capital has been in the asset-based lending industry for over 40 years. Fully owned and backed by one of the oldest independent banks in Texas, Advantage provides invoice factoring and asset-based loan (ABL) revolvers to clients nationwide.
