IRVINE, Calif. -- Probe Manufacturing, Inc., (Pink Sheets:PMFI), a global electronics design, manufacturing and services company, announced today it secured $1 million in working capital from Far West Capital, the leading provider in working capital financing in Texas, to focus on company growth and expansion.
“Far West Capital has been instrumental in providing a customized solution that matches our capital requirements," said John Bennett, CFO of Probe Manufacturing. “This is a critical milestone for Probe Manufacturing, as we continue our growth and expansion strategies.”
As a result of a successful 2010, Probe Manufacturing which included quarter to quarter growth is in the process of expanding its customer and supply base both nationally and internationally as it executes on its strategic plan of becoming a global electronics company which the company believes will drive its revenue growth for 2011.
“At Far West Capital, our goal is to help companies, like Probe Manufacturing, succeed by providing working capital," said Cole Harmonson, CEO of Far West Capital. “Probe Manufacturing is positioned for long-term success and we’re proud to build a financing solution meet the company’s needs.”