Local Factoring Company, Interstate Capital, Gives Back To The El Paso Community

Interstate Capital Corporation often gives back to its local community and region through charitable donations and volunteer work, but this week brings an example of the company’s commitment to an important national cause: the Susan G. Komen Race for the Cure benefitting breast cancer research, survivors, and treatment. This year, business development officer Lori Ruiz celebrates eight years of organizing the Interstate Capital Race for the Cure team, one of the largest groups taking part in El Paso’s annual event.

“It’s a very important cause and one that hits home with many employees and their relatives,” Ruiz says. “Plus people like to get together outside the office and they bring along their spouses or significant others and children to have fun. Activities like these bring the company closer.” Since Interstate Capital first began taking part in the annual fundraiser, the company has always paid the entry fees for employees and their families.

Ruiz notes that since she first began recruiting employees to take part in the walk/run event, the company has contributed more than $15,000 to the cause. “A majority of our employees are women and this event helps raise awareness about breast cancer as well as raises funds,” Ruiz says. “I also think that the company’s support of the Race for the Cure inspires people. Knowing that we work for a company that cares for something as important as this cause is gratifying.”

The Interstate Capital Group of Companies is a leading marketer of accounts receivable factoring, freight bill factoring, fuel cards, freight matching, freight broker credit reports, property broker bonds, fuel advances, truck and trailer financing, freight brokerage and freight payable auction management services. Founded in 1993, Interstate Capital has provided $ billions of funding for over 5,000 motor carriers and other small businesses in the U.S., Canada, and Mexico. Interstate Capital, which celebrates its 22nd anniversary in 2015, projects to purchase in excess of $1 billion of receivables this fiscal year.  Interstate is one of the largest privately-held, non-bank transportation factoring companies in North America.

Local Factoring Company, Interstate Capital, Gives Back To The El Paso Community

Santa Teresa Company, Interstate Capital, Expanding into Central El Paso

After two years of unprecedented growth, the Santa Teresa-based Interstate Capital Group of Companies is expanding and opening offices in central El Paso this month. A portion of the company’s workforce will move from its Santa Teresa headquarters to El Paso by the end of November and company leaders plan to hire additional personnel later this year and into 2015.

The expansion and move to El Paso come after the company’s most successful month in its history. In October 2014, Interstate signed 46 new clients and disbursed $83 million of growth capital, representing a 29% year-over-year growth rate. Interstate’s October funding volume equates to non-seasonally adjusted $1 billion of annual funding volume.

“It takes a lot of dedicated people and physical space to service our client base and to maintain double-digit annual growth,” says Furman. “Last year, we realized we would have to acquire additional space to accommodate our growing workforce.”

The company has secured space at 2211 E. Missouri Avenue in central El Paso, with an option to acquire more space in the same building to accommodate its future growth needs. “We plan to relocate several departments to 2211 E. Missouri later in November when tenant renovations are complete,” Furman adds. “Eventually, I believe we will employ over 100 full-time people in our new El Paso location.”

Interstate’s new space, which will serve as an operations center and outbound call center, is less than a mile east of Downtown. “After searching for a location for over a year, we sought out 2211 E. Missouri (Gateway West) because of its proximity to the growing number of attractions in the Downtown and Kern Place districts,” says Furman. The office building sits within minutes of all the major El Paso healthcare facilities, UTEP, Basset Place, The Fountains at Farah, and Southwest University Park. “We believe our employees, who live in all parts of the Borderplex, will enjoy the great location and its easy access to the freeway.”

According to its five-year plan published in 2012, Interstate projected to reach $1 billion per year in funding volume by fiscal 2017. An accelerated rate of growth in 2013 and 2014 put Interstate well ahead of plan. “Our five-year plan was very conservative and assumed zero increase in our three-year trailing historical growth rate,” reports Tony Furman, Interstate Capital president. “Our revised objective is to disburse more than $1 billion annually by fiscal 2016 or sooner.”

The company’s growth rate during the past two years is attributable to the success of several maturing strategic marketing initiatives, including its proprietary web-based lead generation technology and increasing numbers of referrals from more than 6,000 past and current clients.

Interstate Capital, founded in 1993, has become one of the largest employers based in Santa Teresa, New Mexico.  Its clients include small- and mid-sized manufacturers; wholesalers; oilfield suppliers; transportation companies, and service businesses located throughout North America. The privately held company markets working capital financing, surety bonds, logistics services, and supply chain finance technology.  Interstate also developed and owns the world’s largest free transportation load board, FreeFreightSearch.com.

For information/interviews, contact:

Tony Furman

President, Interstate Capital Group of Companies

(800) 422-5995

Santa Teresa Company, Interstate Capital, Expanding into Central El Paso