KBK Capital Corporation of Fort Worth, Texas (which provides commercial loans, mezzanine loans and factoring to middle-market businesses) has reported net income of $277,700 in January-September 2000, an increase of 127% year-on-year. This resulted in an increase of 1.1% in return on net average earning assets in July-September 2000 compared with growth of 0.8% in July-September 1999.
During the July-September 2000 quarter KBK funded approximately $21.0 million in terms of new commitments. Given what it sees as a slight slowing down of the US economy, it feels that commercial banks are becoming increasingly conservative in their approach to lending to middle range businesses. In this climate KBK considers itself to be well placed to take on new business in the fourth quarter of 2000 and beyond.
The company has a range of branch offices in Texas, Missouri and California and a correspondent network across the United States.
Business Wire
