Eurotex Finanz (US) Inc.

June 27, 2011 14:20 ET

Financial Institution Eurotex Finanz (US) Closes $150 Million Credit Facility with its Affiliate Eurotex Global Savings & Trust SA

SAN ANTONIO, TEXAS--(Marketwire - June 27, 2011) - Financial Institution Eurotex Finanz (US) Inc., a Texas based corporation has signed a credit facility agreement in June 24, 2011 with its Luxembourg based affiliate, Eurotex Global Savings & Trust SA (www.egsavings.com) to provide it with a capital injection of $150,000,000 to begin its United States lending and venture capital operations.

In addition, Eurotex Finanz (US) Inc. has received regulatory approval from the Texas Finance Commission and obtained its Credit Services Organization license to begin operations. In the coming months Eurotex Finanz (US) Inc. will be seeking strategic partnerships to roll out its credit products and services in the United States.

About Eurotex Finanz (US) Inc.

Eurotex Finanz US, Inc., a venture capital firm, is domiciled in the state of Texas and commenced operations on 17 May 2011. The Company is primarily engaged in providing loans and funding services for commercial enterprises and individuals with little to no credit history. In addition Eurotex US is also engaged in providing consulting services to companies seeking access to domestic and international capital markets.

In this regard, the Company has developed a proprietary secured loan product where the loan proceeds are held as collateral using an unrelated third party trust company, such as a bank. The Company intends to report the current receipt of principal and interest payments to one or all major credit bureaus. At the end of the loan term, assuming satisfactory payment history, the Company will notify the customer that the hold is taken off the funds and then they will be released to the customer.

Contact Information