Austin, TX –July 21, 2010 - Far West Capital today announced a $700,000.00 working capital credit facility with Austin-based SureScore, Inc.
“Far West Capital extended a credit facility that will accelerate their cash cycle to one day,” said Cole Harmonson, president and CEO of Far West Capital.
“SureScore is a rapidly growing company in the education arena, and we needed capital to expand our business,” said Roy Nieto, president and CEO of SureScore. “Far West Capital provided a customized financing solution that will allow us to ramp up our business, grow and reach our fullest potential.”
“We are pleased that SureScore chose Far West Capital to provide working capital solutions so that they can pursue immediate and future business opportunities,” said Harmonson. “Far West also can extend these rapidly expanding types of credit lines where the banks cannot, especially given the changes in lending practices over the last several years.”
About Far West Capital
Far West Capital is a privately funded specialty finance company headquartered in Austin, Texas. Our management team has over 50 years combined experience in commercial banking and finance. Most of our current management team previously worked together at State Bank, a publicly traded commercial bank (TXUI) until the bank was sold in 2007. Our working capital finance solutions and client services are tailor-made to meet each company’s specific needs.
About SureScore
Since 1995, SureScore has partnered with school districts of all sizes to provide a support system to help improve academic achievement and increase the number of college-ready students. Utilizing 21st Century methodologies, SureScore’s programs provide instruction and professional development in core enrichment, test preparation, and college and career planning.
