Benchmark Email Secures Funding to Fuel Growth and Drive Acquisitions
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ST. LOUIS, Jan. 7, 2021 /PRNewswire/ Benchmark Email, a leading software as a service provider of sales and marketing solutions for SMBs, today announces that it has secured a $3,000,000 credit facility from Texas Capital Bank. The credit facility is also designed to scale as the revenue of the company scales, giving Benchmark additional growth capital into 2021 and beyond.
Jonathan Herrick, CEO of Benchmark Email, indicates that this new access to funding will drive acquisitions, fueling rapid growth and innovation. We are excited to be partnering with Texas Capital Bank and with access to more capital we can accelerate our acquisition strategy. In the year ahead we plan on aggressively acquiring companies that fit our mission of helping businesses ignite relationships with their customers, Herrick said.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Prospera Housing Community Services Receives $750K Subsidy to Repair Damages Caused by Hurricane Harvey
December 11, 2020 GMT
VICTORIA, Texas (BUSINESS WIRE) Dec 11, 2020
Texas Capital Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) have awarded a $750,000 Affordable Housing Program (AHP) subsidy to Housing and Community Services, Inc. dba Prospera Housing Community Services (PHCS) to help offset costs of repairs from damage caused by Hurricane Harvey in 2017 to Fox Run Apartments.
In late August 2017, Hurricane Harvey struck the Houston area. Fox Run Apartments, a 150-unit affordable housing complex in Victoria, Texas, suffered more than $14 million in damages resulting in 14 buildings and more than 50 units deemed uninhabitable due to water penetration. Fox Run’s residents – families and individuals who earn less than $34,400 a year – were moved offsite to safer tem