Rhino USA, a family-built authority in truck, towing and off-road adventure gear, closed a $15 million asset-backed loan facility with Texas Capital. The financing will be deployed to accelerate strategic inventory investment and optimize working capital as the company continues its rapid national expansion across big-box retail, e-commerce and international markets.<\/p>\n
\u201cThis financing is a vote of confidence in what we\u2019ve built and where we\u2019re headed,\u201d Ted Repic, CEO of Rhino USA, said. \u201cWe\u2019ve been on a winning trajectory, and this capital gives us the fuel to sustain that momentum and push even harder. Texas Capital understood our business, our vision and what it takes to win at this level. This collaboration reflects the strength of the platform we\u2019ve spent ten years building, and we\u2019re just getting started.\u201d<\/p>\n
The facility was arranged through Texas Capital\u2019s asset-based lending team, whose expertise in growth-stage companies made for a seamless process from diligence to close.<\/p>\n
Jeremy Bell, COO of Rhino USA, added, \u201cInventory depth and supply chain agility are how an American brand competes at national scale. This facility lets us invest ahead of demand in inventory, in our U.S. distribution network, and in the people we\u2019re hiring in Central Texas and Georgia. The Texas Capital team understood that from day one, and having a Texas-based financial services firm with national reach matters as we keep building here.\u201d<\/p>\n
Grant Weiss, managing director in asset-based lending at Texas Capital, said, \u201cWe are proud to support Rhino USA\u2019s continued expansion with a financing solution tailored to its needs. As the company continues to scale its operations and broaden its market reach, we look forward to serving as a trusted financial partner in the next phase of its growth.\u201d<\/p>\n
Bell added, \u201cWe\u2019re only getting started at RhinoWorld. The site sits in a federally designated Opportunity Zone, which we\u2019re proud of, and we\u2019ve already added three new full-time roles there this year.\u201d<\/p>\n
With the Texas Capital facility in place, Rhino USA is positioned to execute aggressively on its retail channel strategy, ensuring the inventory depth, operational flexibility and supply chain strength needed to meet growing demand and expand its presence with major national retailers.<\/p>\n","protected":false},"excerpt":{"rendered":"Rhino USA, a family-built authority in truck, towing and off-road adventure gear, closed a $15 million asset-backed loan…\n","protected":false},"author":2,"featured_media":466535,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[27,29,28],"class_list":["post-466534","post","type-post","status-publish","format-standard","has-post-thumbnail","category-texas","tag-texas","tag-texas-headlines","tag-texas-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/466534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/comments?post=466534"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/posts\/466534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media\/466535"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/media?parent=466534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/categories?post=466534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-tx\/wp-json\/wp\/v2\/tags?post=466534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}