Far West Capital
Far West Capital Management is a company specializing in asset management. It functions as an investment company and offers various services such as asset-based lending, broker referral programs, purchase order financing, and accounts receivable factoring. Far West Capital was founded in 2007 and serves customers across the US. It is headquartered in Austin, Texas, and raises approximately $5M in revenue. The CEO of the company is Cole Harmonson.
Far West Capital is established in invoice factoring. The approval rate of the company is 78% at present. It has 87 employees, and funds companies that are temporarily unable to obtain traditional bank funding. It is mainly of help to those companies that have been in business for less than 2 years, and those looking for financial growth, or engaging in turnarounds or acquisitions.
FWC gives working capital lines of credit by means of lines of credit through different tools of financing. On average, the complete process takes about two to three weeks. The firm provides assistance to distributors, manufacturers, and selected service companies. The lines of credit provided range from $100,000 to $5 million. Agreements last up to a year, which includes no minimums. Lending is an auto renewal process. Freight factoring facilities are available up to 97%.