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About Mazon
Established in 1976, Mazon Associates, Inc. has professionally served hundreds of clients for over 30 years.
We are the oldest, independent factoring company in the Southwest with a multi-million dollar line of credit with an established bank.
We are still family owned and operated. If the need arises, you have the ability to meet and talk with the decision makers one-on-one.
Our clients range in size from a single owner to companies employing several hundred employees and doing a business volume from $5,000 to over $1,000,000 per month. The number of clients served at any one time is between 90 and 150.
Mazon Associates provides same-day funding once your account is established with us. We can have your new account set up as quickly as two to three days after receiving your application information and can have your first invoices funded shortly thereafter.
We require no long-term contract with our clients. Your contract can be cancelled with a 30-day written notice if you no longer need to factor.
Our History
Helma Mazon never specifically planned to work in the financial world. She grew up in Charleston, West Virginia. "My parents always instilled in me that I could do anything if I really wanted to," she said. After earning a B.B.A. in business from Marshall University in Huntington, W. Va., she married John Mazon, Sr., an Army pilot, and worked as an assistant manager for the Army and Air Force Exchange in Fort Rucker, Alabama.
The couple moved to Dallas after John's term with the Army ended and a job offer from Braniff materialized. But, it was simple luck that introduced Helma to the factoring business. Her Sunday school teacher was a business consultant and offered financing by way of factoring to some of his clients. After running into difficulties with his business, he asked Helma to factor his small customers. After visiting his business one afternoon to help, she decided, "This was for me. I had never been given an opportunity to do something that I would like, that I could do and that I would make money at the same time," she said.
After she had applied for a loan to start her factoring company in 1976, a banker advised Helma to go home and "don't waste your husband's money." Luckily, she and John did not listen to the first banker, but they did receive a bank loan from the second bank they went to for a loan.
In the late 1980's, a bank called Helma because of her expertise in evaluating troubled loans. During that time period Mazon Associates was called upon by many banks to assist with troubled loans to help with credit, collections, and account management. When she went to the office, she noticed that the bank president looked familiar. Helma asked what Dallas banks he had worked for. He laughed and admitted, "I'm the banker who said go home and don't waste your husband's money."
Helma was 33 years old at the time and had three small children. She ran her business from her home for six years and loved it. Her philosophy concerning career and motherhood is simple, "If I ever convince anyone of anything in this life, it is to stay home with your children when they are young. You have plenty of time to have a career."
By the time her youngest child entered first grade, Braniff "was in the death throws" and Helma recalls that "as Braniff's prospects diminished, my desire for accomplishment increased." So, in 1981, she rented a small office in Irving, TX. Her husband and mother, Helen Hudson, worked with her. Unlike many couples, Helma and her husband successfully worked as a team. "It is very rare when couples can work together and we work well together, very well," she said.
The business continued to grow in the '80's and 90's and provided working capital for many businesses. John and Helma's three children grew up and benefited from the flexibility their parents had with the factoring business. After high school, each of the Mazon children went to Baylor University in Waco, Texas. Each child studied business and each received a BBA degree. Lisa, the oldest, in 1993 chose to work in the business and started from the bottom learning the factoring business. Shelley later joined the business during a computer conversion in 1996. They each found areas they enjoyed and thrived in-Lisa working in operations and new business and Shelley focused her energies into accounting, finance and the computer management. After Johnny earned his degree from Baylor, he worked part-time assisting with collections as he finished his Master in Theology from Dallas Theological Seminary.
Mazon Associates continues to be a family business with John, Helma, Lisa and Shelley leading the Mazon staff and continuing to assist growing businesses. |
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