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.
When Jaguar Fueling’s funding was impacted by Hurricane Harvey, Catalyst helped meet their cashflow needs and got them back to bank financing.
“I would totally recommend Catalyst. They have competitive rates and are large enough to service you but small enough to know you and help you grow.” – Amber Isaacks, Vice President, Jaguar Fueling