Established in 1976, Mazon Associates is today the oldest family owned factoring company in the Southwest. We are located in the old Wells Fargo building on W. Airport Freeway in Irving, Texas.
Mazon Associates continues to succeed as a thriving Texas factoring company. John, Helma, Lisa and Shelley use their extensive background in business factoring to help new clients. Mazon employs a unique group of talented employees who genuinely care for our clients.
Our goal has always been to help our clients grow their businesses with excellence, friendliness and integrity. The hard work and professional values that began in 1976 are still alive in the heart of the Mazon Associates family today.
Our History
Helma Mazon never planned to work in the financial world. Helma grew up in Charleston, West Virginia. It was her parents who gave her the work philosophy to succeed, “My parents always taught me that I could do anything I really wanted.” After earning a degree in business from Marshall University, Helma married an Army pilot named John Mazon.
Helma and John moved to Dallas after John’s term with the Army. John began an airline career with Braniff Airlines. Helma fell into the factoring business. Her Sunday school teacher was a business consultant. He provided factoring to some of his clients. One day, he asked Helma to factor his smaller customers. Soon, she knew “This was for me. I had never done something I enjoyed, that I was good at and that I made money – all at the same time.”
In 1976, Helma needed a bank line of credit for her own factoring company. The banker told Helma to go home and not waste your husband’s money. Fortunately, she didn’t listen to him. Helma and John got the line of credit from another bank.
“This was for me. I had never done something I enjoyed, that I was good at and that I made money – all at the same time.”
In the late 1980’s, a bank needed Helma’s expertise in evaluating troubled loans. Soon, more banks needed her expertise with credit, collections, and account management. One of the bank presidents looked familiar. Helma asked him what 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 when she started Mazon Associates. She 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.”
When her youngest child entered first grade, Braniff Airlines was on the verge of bankruptcy. Helma recalls that “as Braniff’s prospects diminished, my desire for accomplishment increased.” So in 1981, as Braniff disappeared, Helma rented a small office in Irving, TX. Helma’s mother and John worked with her. Unlike many couples, Helma and John worked well as a team. “It is very rare when couples can work together. We work well together, very well,” she said.
The business continued to grow in the 1980’s and 1990’s. Mazon provided working capital for many clients. John and Helma had three children – Lisa, Shelley and Johnny all attended Baylor University. Each earned a business degree and each returned to the family business. Lisa began working at Mazon in 1993 as an account manager. She is now focused on sales and client service. Shelley joined the business in 1996 and is now running the operations side of the business. John and Helma are still serving clients and helping meet their needs.
