SAN ANTONIO--(BUSINESS WIRE)--The Bank of San Antonio, one of the largest locally-owned community banks in South Texas, today announced the launch of Texas Express Funding, a receivable financing service line aimed at providing alternative options for businesses to finance cash flow. The Bank of San Antonio added Texas Express Funding to its array of comprehensive financial solutions to serve the local business community. From commercial loans to treasury management services, and now receivable financing, The Bank of San Antonio is well-placed to take care of a full spectrum of business capital needs. These service lines include:
- Commercial loans
- Small Business Administration (SBA) loans
- Receivable financing
Brent Given, President and Chief Executive Officer of The Bank of San Antonio, stated, “With the addition of Texas Express Funding to our suite of financial solutions, we aim to provide business owners a more comprehensive service to make their financial solutions simpler. As a trusted and lasting partner, The Bank of San Antonio is well-placed to deliver options for all aspects of their business capital needs. This expansion reflects our commitment to being a valued partner to businesses.”
Wayne Schroeder will serve as President of Texas Express Funding, LLC, a wholly-owned subsidiary of The Bank of San Antonio. Wayne brings 30 years of banking and receivable financing to lead the company. In addition to serving as San Antonio market president for a regional bank, Schroeder was most recently president of Titan Finance, a receivable financing company with an office in New Braunfels.
“Businesses can use Texas Express Funding because they have a growth opportunity in front of them. Receivable financing is a stopgap for cash flow, covering the time between you actually doing the work and the time you would normally receive the paymen,” said Wayne Schroeder. He adds, “The Bank of San Antonio is a forward-thinking bank that provides solutions for business owners beyond what you would get with a normal banking relationship. These are solutions for a variety of business capital needs.”
Alan Smith, Chief Lending Officer of The Bank of San Antonio, stated, “Our adaptability originates from our solid entrepreneurial foundation, as we help businesses take advantage of growth opportunities. Together with our business insurance services and private banking offerings, we retain our agility while partnering with game changers.”
Texas Express Funding
Texas Express Funding is a convenient financial alternative to managing cash flow and provides access to immediate cash to fund a host of expenses. For many new businesses or businesses looking to quickly expand, Texas Express Funding is a solution, especially for labor-intensive companies with a high overhead like insurance or trucking companies, who need a constant cash flow to pay for more diesel, more trucks, insurance claims, or more payroll, for example. Texas Express Funding also makes sense for businesses who create an invoice, including small retail, ER clinics, construction companies, manufacturers, and others.
“Texas Express Funding will provide new opportunities for San Antonio businesses and allow the team at The Bank of San Antonio to do more of what we focus on every day—helping local businesses accelerate their growth,” said Given.
About The Bank of San Antonio
Founded by local business and community leaders, The Bank of San Antonio opened in 2007. Quickly building momentum, the bank has five branch locations. The bank has three non-subsidiaries, The Bank of San Antonio Insurance Group, Aspireon Wealth Advisors, and Texas Express Funding, further enhancing services for locally-owned businesses.
For more information, visit txexpressfunding.com