FIRST MUTUAL FINANCIAL CORP . was formed in January, 1989, a Texas corporation, for the purpose of helping clients fund their businesses after other conventional sources have turned them down. Frequently, it is something small that prevents a bank from funding a project, but we have been very successful in dealing with those problems in a positive way, so that funding will occur. We look for ways to successfully complete a deal, instead of looking for ways to turn it down. While headquartered in Houston, Texas, we can do deals throughout the U.S.
Our primary focus is to provide the marketplace with short-term financing for situations that need immediate funding. Although our clients represent diverse industries, the common bond remains the need for aggressive working capital financing beyond structural limitations resulting from conventional bank financing. We take a "hands on" approach with our loan requests by following the entire process from origination to funding.
We protect our referral sources, particularly the relationships between bankers who refer deals to us and their clients. We deal in "transactional" fundings, allowing bankers who refer deals to us to maintain their relationship with their clients. However, in some cases, the bank wants us to replace their facility entirely, which we do.
We have been in business for over 32 years, through many business cycles, and are still here doing what we started out doing... completing difficult deals.