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Unforeseen costs and risks to reputation

 Case Study: 


Daryle Perez, Owner/Funeral Director 


Mansfield Funeral Home 


Mansfield, Texas 


Problem: Due to a delay in construction of a new location and an increase in the tax on the property, Daryle Perez, owner of Mansfield Funeral Home, had a shortfall in the funds allocated for property taxes. As a new business in the area, he was concerned about potential negative perceptions if it became known that he couldn’t pay the taxes. 


Solution: After researching non-viable options including increasing the company’s line of credit and a payment plan through the county tax office that required three lump sum payments over a three-month period, Daryle contacted Propel Financial Services. After speaking with a representative, he knew he had made the right call. The ease of the process was the key. From the initial call for information on the timeframe for the services, to having Propel arrive with all the necessary paperwork, finalizing the agreement was much easier than Daryle expected. 


Result: Propel gave Daryle Perez and his company much more control over the process of paying property taxes. The benefit was so great that he has become a repeat client and has urged some of his friends and fellow business owners to use Propel as a helpful financial management tool. 


What You Need to Know 


In business, unexpected financial challenges can happen any time. Line up money management tools in advance to smooth cash flow and reduce financial shocks when the unexpected comes along. 


About Propel Financial Services 


Propel Financial Services offers property tax payment solutions direct to property owners in Texas and Nevada, creating affordable and flexible payment plans for people with delinquent property taxes. Propel also works closely with municipalities and government officials nationwide to find solutions to unpaid property taxes. Propel Financial Services is a wholly owned subsidiary of Encore Capital Group. 


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