Rhino USA, an Austin-headquartered maker of truck, towing and off-road gear, has closed a $15 million asset-backed loan facility with Texas Capital. The funds will support inventory investment and working capital as the company expands across big-box retail, e-commerce and international markets. The company says its revenue has doubled over the last two years and quadrupled over three. CEO Ted Repic called the financing a vote of confidence, while COO Jeremy Bell said it will let the company invest ahead of demand and keep hiring in Central Texas and Georgia. Rhino USA is also building RhinoWorld, a 182-acre brand campus and proving ground outside Austin where products will be developed and tested.
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