About Westchase Holding Corp.
What is Westchase Holding Corp?
The place is Texas and the time is now to bring a holding company to the 'Texas Platinum Triangle'. The reason is clear; the need!
The need for a company to provide products and services to the small business market has been dramatically increased as a result of the economic crisis of 2008 through 2009. The small business market has been severely impacted by the drought of available capital to sustain and maintain the basic requirements for survival.
The concept of a holding company that provides an array of financial, business and technology services whose focus is solely directed to meeting the needs of this critical segment of our economy is essential.
A Private Placement Memorandum (PPM) was prepared as the financial instrument for the first phase of a capital raise to achieve the objectives of Westchase Holding Corp. (WHC). This phase will focus on acquiring a community bank that will be able to serve the small business market.
The Company will expand its products and services during the second phase. The issues facing the small business owner and the concept of entrepreneurship is the cost of goods or services sold, as well as, numerous other factors.
Labor cost is a critical factor which is accompanied by a host of other factors, such as, healthcare benefits, training, turnover, administration, taxes and insurance.
Technology can serve the small business market if it can be provided cost effectively. The concept of shared resources can offer the small business access to a wide variety of technology driven products and services if the model for delivery is perfected.
In addition, the small business owner requires reasonable access to professional services. New business models must be developed to serve the small business owner with the tools for developing entrepreneurial skills.
The wholesale cost for products requires a method for volume purchase and inventory management for "just in time" approaches for cost effective delivery systems.
Customer service solutions can be provided through outsourcing and utilizing new approaches. Prepaid debt cards and other financial products can offer the underserved market reasonable alternatives to lack of sufficient credit to purchase goods and services.
The above factors are just a few of the issues for the small business owner that significantly impact profit margins and ultimately determine the benefits versus the risks associated with the uncertain dynamics of the market place.
WHC has focused on the development of innovative business models for the second phase in order to create solutions that decrease the risk of small business ownership and increase the benefits by providing products and services designed for specific industries within the targeted markets.
During the third phase, the Company will evaluate its position as a result of the prior phases which serve as a prototype to meet the challenge of the development phase and the application to other areas.
If the Company has successfully developed products and services that have met the essential needs of the small business community, then the prototype has the capability to expand from community to community with a bank as the hub for financial services. The Company will then be able to continue with the provision of products and services that have been proven to achieve the desired goals and objectives.
In the fourth phase, WHC will focus on other financial and business opportunities to serve the small business market. This phase will require an additional capital raise and will become a subsidiary of the Holding Company. The focus of this entity will be to develop a Small Business Investment Company (SBIC) to expand the opportunity for small businesses entering into the second stage of their evolution.
The Texas Platinum Triangle
The purpose of developing the concept of the Texas Platinum Triangle (TPT) is to create a marketing website within the defined geographic region to serve the small business market by linking communities of common interest together. This provides business to business relationships through shared knowledge and resources. It also provides business to consumer relationships by simplifying and accelerating the delivery process of goods and services.