Working Capital Finance Services for Growing Companies

Far West Capital Announces Working Capital Finance Services for Growing Companies

Texas-based factoring company provides working capital financing services for customers across the United States, through accounts receivable factoring, asset-based lending and similar services.

Cedar Park, TX  -  October 12, 2007 -- Small businesses in need of working capital financing have a new option. Far West Capital provides invoice factoring, asset based lending, and similar services designed to provide growing companies with much-needed working capital. Based in Texas, the company serves customers nationwide.

Far West Capital is a specialty finance company that provides highly customized working capital services to small and medium-sized companies. These services can benefit any business with accounts receivable (invoices) that needs capital for sustained operation and continued growth. Companies can use the working capital they obtain through this service for a variety of business needs -- material acquisition, operating capital, turnaround financing, recapitalization and more.

Working Capital Finance, Explained

Working capital refers to liquid assets a company has with which to operate. By extension, working capital financing refers to various financial services that provide businesses with the capital they need to maintain their operations.

"Essentially, we provide companies with the cash flow they need to keep their businesses going," said Cole Harmonson, the company's president, "so our primary service is referred to as working capital financing."

Far West Capital provides financing through several channels:
* Factoring of Accounts Receivable - Customers sell their outstanding invoices or receivables in exchange for cash / working capital for their business. Also commonly referred to as invoice factoring services.
* Asset Based Lending - Customers present a borrowing base, which consists of their existing and ongoing accounts receivable and inventory. The customer then receives funding upon presentation of that base.
* Purchase Order Financing - Far West Capital assumes the customer's purchase orders in exchange for cash / working capital for their business.

A Factoring Company With a Difference

Leading Far West Capital is Cole Harmonson, who has more than 11 years' experience in the world of working capital financing and factoring. Harmonson explained what it is that makes Far West Capital different from other factoring companies within the working capital finance industry:

"We customize the relationship based on the needs of our clients. A lot of factoring companies preach that, but we practice it as well. Each client is different, so we start the process with this in mind, and then we create a financing solution around their individual needs. It's challenging for us, but it helps us differentiate our company by providing a more flexible service to clients."

Like Harmonson, the other members of Far West Capital are equally experienced in the world of working capital finance. In fact, the entire Far West team formerly worked together managing the Working Capital Finance Group of State Bank. Combined, the team has more than 25 years' experience with accounts receivable financing, invoice factoring, and other aspects of working capital.

An Educational Approach to Finance

Far West Capital also takes an educational approach to their business. Their website is packed with information that explains their services, and they've even started a working capital blog (a first of its kind) to further educate potential customers on the ins and outs of working capital financing. Visit the blog at http://www.farwestcap.com/blog/

"A lot of companies need our services without even realizing it," Harmonson explained. "They want to convert their accounts receivable into working cash flow, but they don't know how to go about it. Some have never even heard of factoring. That's one of the reasons we focus so heavily on customer education ... to connect our services with the needs of our potential customers."

About the Company
Far West Capital provides working capital to growing companies through accounts receivable and inventory financing tools. Based in Cedar Park, Texas, the company serves growing businesses across the United States. To learn more about the company and their financial services, please call or visit them online:

www.FarWestCap.com
info(at)farwestcap.com
512-528-1490

Safe Harbor Statement:
This release includes forward-looking statements about the company's products and services. All such forward-looking statements are subject to uncertainties that could cause actual products and services to differ from those in forward-looking statements.

Press Contact: Melissa Cornett
Company Name: Far West Capital
Phone: (512) 528-1629
Website: http://www.farwestcap.com

Specialty Vineyard and Pinot Noir Finishes Introduced

Medallion Cabinetry Introduced Specialty Finishes Vineyard and Pinot Noir

MINNEAPOLIS-- May 02, 2008 --Medallion Cabinetry introduced two new specialty finishes to enhance product line at KBIS 2008. Vineyard, a brush glazed finish, and Pinot Noir, a duotone finish, use a multi-step process to create unique accent finishes.

"Pinot Noir and Vineyard are innovative additions to our line of finishes," said Duke Piotter, Executive Vice President, Sales and Marketing of the Elkay Cabinet Division, "Both perfectly complement our existing finishes and give the designer and homeowner creative choices in individualizing kitchen design."

Vineyard is a deep red finish accented by a black brush glazed finish. Pinot Noir has an opaque black top finish which is hand-rubbed to expose a deep red, semi-opaque base finish. Both finishes are available on a variety of wood species and door styles in Medallion's Designer Gold and Designer product lines. Vineyard is also available on most Maple and Oak door styles in Medallion's Silverline product line.

Medallion, which is part of the Elkay Cabinet Division, offers more than 6,600 combinations of door styles, wood species and color finishes in semi-custom cabinetry through kitchen and bath design centers and dealers nationwide. The Elkay Cabinet Division was created in 1993 has 12 facilities throughout the United States. Operating under the brand names Medallion Cabinetry, Yorktowne Cabinetry, Mastercraft Cabinets and Schuler Cabinetry, the company is the fourth largest provider of residential cabinetry in the country.

Elkay Manufacturing Company is a privately held, 85-year old firm headquartered in Oak Brook, Illinois. Elkay is a supplier of residential kitchen and bath cabinetry and accessories, commercial and residential plumbing products, including stainless steel sinks, faucets and water coolers.

Contacts

Medallion Cabinetry
Joy Schmelzer, 952-442-5171
joys@medallioncabinetry.com