How to Fund Your Business Idea

CapTex EVP, CCO Richard Barajas weighs in on why community banks are a great resource for business banking

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So you have a great concept for a new business. Maybe you’re a seasoned entrepreneur, or perhaps this is your first attempt at an endeavor. You’ve done your research and planning and want to get the ball rolling, but there’s one thing holding you back — money. 

CapTex is a community bank that goes the extra mile for local business owners. With over 100 years of cumulative experience and a dedication to serving their community, CapTex has a variety of products to put your ideas into motion. 

Executive Vice President and Chief Credit Officer Richard Barajas is a native Fort Worthian with over 40 years of banking experience. He says supporting local entrepreneurs is the “hallmark of community banking.” 

What’s the first step for people looking to finance a business idea? 

RB: Have a plan that's written out that describes who, what, where, when, and how. How will the bank’s resources fit into your plan and how will it be repaid?  Have as much background information of your idea put into writing. 

How does using a community bank like CapTex benefit local businesses? 

RB: The people who work here are from this community.  Both Mike Thomas, President of the Bank and I are natives of Fort Worth.   We have a deep knowledge of the market and a good portion of the marketplace is familiar with us.  We are able to evaluate and respond to a loan request more quickly than a larger bank that isn't as knowledgeable about the people or projects in the marketplace.

You recently helped finance the new Hotel Dryce. Can you tell us what that was like? 

RB: Cade Carpenter and our management team met with them early on to learn more about their plans and ideas.  They had a purchase contract on the old ice house building off of Montgomery Street and brought along their business plan and proposed budget.  The bank completed its underwriting and concurred with what they wanted to do. 

Want to know more about how to fund your business idea?

Contact Richard Barajas directly at 817-840-2895 or [email protected]