We helped this oilfield torque and test company grow through an increased line of credit and equipment financing.
Industry: Oil and Gas
A young fabrication company hit a rough-spot when the oil and gas market began to decline in 2015. They maxed out their line of credit with the bank and were upside-down in their payments. Their primary collateral for a line of credit was their A/R. The borrower needed more working capital, but the bank couldn’t extend them anymore.