Results 1 to 7 of 7
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08-22-2019, 01:29 PM #1
- Join Date
- Mar 2019
- Posts
- 97
Oil and Gas Services
Oil and Gas Services (not a driller, just a servicer) seeking a Line of Credit based off of it's AR
Here is the issue, concentration.... they have one main account they invoice (albeit for 400-600k) a month
Looking for thoughts and strategies on how to get them some funds
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08-22-2019, 01:32 PM #2
- Join Date
- Dec 2013
- Posts
- 4,713
I dont think hes looking for MCA --I know Many MCA decline foir industry...we at Mantis have funded MANY OIL service ventures. (will fund hours after sub).
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
覧覧覧覧覧覧覧覧覧覧覧覧覧
Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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08-22-2019, 01:49 PM #3
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
If they are providing pipeline services chances are they are milestone billing or progress billing the work which will make it tougher. If it is straight up complete and bill maintenance work, we might have an interest depending on who the end customer is. Honestly.... We don't do a lot of O&G business as you can swing a dead cat in Houston and hit about 100 factors that know the industry well.
KHKevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-22-2019, 06:59 PM #4
- Join Date
- Mar 2019
- Posts
- 97
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08-23-2019, 08:15 AM #5
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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08-23-2019, 12:37 PM #6
- Join Date
- Mar 2019
- Posts
- 97
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08-23-2019, 01:03 PM #7
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,493
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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