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08-22-2019, 01:30 PM #1Member
Reputation points: 346
- Join Date
- Mar 2019
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- 97
Oil and Gas Servicer
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, 02:13 PM #2Senior Member
Reputation points: 5777
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- Mar 2016
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- 335
We can fund that no problem. Call me.
Bill Doody
949.444.3346
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09-09-2019, 02:38 PM #3Member
Reputation points: 1392
- Join Date
- Oct 2017
- Posts
- 5
If they are open to factoring, we can advance 85% on their outstanding AR if the account debtor is creditworthy.
Feel free to reach out. Good luck!EJ Ortiz
Business Development Officer
Summar Financial
Office: (786) 406-7300 Ext. 129
Cell: (786) 566-3002
ejortiz@summar.com
2299 SW 27 Ave
Miami, FL 33145
http://www.summar.com
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