Texas Capital Bank's ABL Division closed a $30 million revolving credit facility with US Gold Bureau.
The revolving line of credit will refinance existing debt and provide working capital support for inventory purchases. US Gold Bureau sells gold, platinum, and silver in bullion form as well as rare and certified investment grade coins to a diverse client base. US Gold Bureau is a market maker in first issue mint coins and continues to serve consumers driven to precious metal purchases by economic and geopolitical trends. In 2017 The Company was selected by the State of Texas to form and operate the Texas Bullion Depository, the only state-administered precious metals storage facility in the US and is one of twelve authorized bulk purchasers for the US Mint.