Houston-based Advantage Business Capital, a nationwide provider of working capital through asset-based lending and accounts receivable factoring solutions, purchased Far West Capital. 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 and will continue to operate as a secured asset-based lender and factor to select small and mid-market businesses, focusing its portfolios in asset-based lending, accounts receivable factoring and transportation factoring. Far West is headquartered in Austin, TX and at its branch location in El Paso, TX.