Quasar Capital Partners Announces New Senior Lending Facility with Texas Capital
Austin, TX (January 9th, 2024) -- Quasar Capital Partners, a diversified asset-based lender and factor based in Austin, TX, announced it has closed a new senior $30 million lending facility and an accordion feature to $40 million with Texas Capital to further expand its funding capabilities.
John Center, partner at Quasar Capital, expressed his views: "Texas Capital has provided an incredible opportunity for us to solidify the growth Quasar Capital has experienced in these past two-plus years. This partnership solidifies our position in the market and enhances our ability to provide unparalleled service to our clients, helping them to flourish in their respective fields."
Sam Tork, partner at Quasar Capital, added: "I am both grateful and honored for the opportunity to partner with Texas Capital. This collaboration is a testament to our commitment to improving the lives of others and staying true to our 'north star' of making businesses better. Texas Capital’s support is pivotal in our journey towards making a significant impact on the businesses we serve. Their trust and partnership enable us to continue our mission with renewed vigor and a focused vision”.
Brian Center, partner at Quasar Capital, shared his optimistic perspective: "Our partnership with Texas Capital Bank is a significant stride forward for Quasar Capital. This collaboration aligns with our commitment to customizing financial solutions for our clients and reinforces our goal to help small businesses thrive. Working with Texas Capital Bank, we foresee a future where our combined efforts will bring stability and confidence to our clients, enabling them to succeed and make a positive impact every day."
Steven Katz, Managing Director, Head of Commercial Lender Finance at Texas Capital, commented: “We are thrilled to provide financing to Quasar and its best-in-class management team. Providing revolving lines of credit and treasury services to our commercial Lender Finance borrowers is just one of the ways that Texas Capital delivers substantial value for our clients at every stage of their business life cycle.”
About Quasar Capital Partners
Quasar Capital is a leader in providing specialized small business invoice factoring, asset-based lending, and cash flow lending solutions. We are committed to our mission of making businesses better by offering customized financial solutions tailored to the specific needs of small businesses across the United States and Canada, with facilities reaching up to $20 million.
At Quasar Capital, we understand the unique challenges faced by small businesses. We aim to deliver stability and confidence, ensuring our clients can focus on what they do best — driving growth, fostering success, and positively impacting the lives they touch every day.
About Texas Capital
Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank d/b/a Texas Capital, is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs, and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio, and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital Bank has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Member FDIC.