In June– the local bank (ICON) threatened the company with foreclosure even though Tactical Firearms never missed any payments on their business loans.
But, this story has a happy ending.
Not only did they work their issues out with the bank but they’re expanding their company.
Guns Save Lives reported:
The fortunes of Tactical Firearms in Texas seems to have changed rapidly. The gun shop, which is famous for its ever changing, snarky, and sometimes brash political signs outside the store, sent out a press release in June stating that they may be shut down to due to a dispute with their bank, which manages the operation’s multi-million dollar business loans.
Apparently, one of the reasons the company has such deep loans is that it has been planning to open a massive ammunition company for the last year. After getting out of the woods financially (for the moment), the shop made the announcement about the ammo plant.
The final location of the plant has not been determined yet, but it will likely be in the greater Houston area. Alcede says he has been in touch with Governor Rick Perry and Texas lawmakers about the plant.
Hat Tip Mara