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Far West Capital to Merge with Advantage Business Capital

June 04, 2018, 08:10 AM
Filed Under: Mergers & Acquisitions

Far West Capital announced their merger and platform sale to Advantage Business Capital, Inc. of Houston, Texas, a nationwide provider of working capital through their asset-based lending and accounts receivable factoring solutions since 1978. Advantage Business Capital has been a subsidiary of Central Bank, Houston’s oldest independent bank, since 2000.
Far West Capital will be held as a portfolio company of Advantage Business Capital and will continue to operate as a secured asset-based lender and factor to select small and mid-market businesses. Far West Capital will continue to grow its portfolios in asset-based lending, accounts receivable factoring, and transportation factoring. Far West Capital and all its current employees will remain at its headquarters in Austin, Texas and at its branch location in El Paso, Texas, which is focused solely on transportation factoring.

Far West Capital was formed in 2007 when co-founders Don Stricklin and Cole Harmonson came together with a deep-rooted passion to start a finance company, one dedicated to helping entrepreneurs grow their businesses and reach their highest potential.
The company is comprised of seasoned professionals with decades of expertise in the asset-based lending and factoring industries. Since its inception in 2007, Far West Capital has provided over $6 billion in financing to high-growth entrepreneurs and has served more than 750+ clients over ten years of operation in 33 states.
“Far West Capital, with its unrivaled depth of experience in financial services and industry relationships, is the ideal partner for Advantage Business Capital as we tackle the substantial growth in demand from new and existing small and mid-market business customers,” said Wayne Coker, President and Chief Executive Officer of Advantage Business Capital and Executive Vice President of Central Bank. “Far West Capital’s diversified platform represents a unique opportunity to partner with one of the leading ABL/Factoring firms in the country.”

"We are excited to join the experienced team at Advantage Business Capital. The expanded capabilities and growth opportunities they provide will be a powerful combination," said Cole Harmonson, President of Far West Capital. “We will continue to focus on creating as many entrepreneurial heroes as possible, by staying true to our brand promise: deliver success, earn trust, with no surprises.”

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