Interstate Capital, an El Paso area employer, is proud to announce the establishment of the Interstate Capital Scholarship at the University of Texas McCombs School of Business. The scholarship is awarded annually to El Paso area high school students based on academic merit. The McCombs School of Business MBA Program is ranked 19th in Bloomberg Businessweek’s 2012 biennial ranking of the best business schools in the nation. Cliff Eisenberg, Interstate’s CEO explained Interstate’s decision to underwrite the scholarship, “Our intent was to encourage and assist qualified El Paso area students to attend the flagship university of the state of Texas and one of the premier business schools in the nation. Hopefully, these students will return to the El Paso area with the education they received and become entrepreneurs and leaders of our business community.”
Interstate Capital was founded in 1993 in Santa Teresa, New Mexico. The company provides accounts receivable factoring, a form of commercial lending, to growing companies located in El Paso and throughout North America. Interstate has successfully funded over 5,000 small and mid-sized businesses for 20 years and currently factors over $.5 billion of receivables annually. Interstate Capital is accredited by the Better Business Bureau and is a member of the International Factoring Association.