Results 1 to 5 of 5
-
08-22-2019, 01:31 PM #1Member
Reputation points: 346
- Join Date
- Mar 2019
- Posts
- 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
-
08-22-2019, 07:07 PM #2Member
Reputation points: 346
- Join Date
- Mar 2019
- Posts
- 97
they bill time and material weekly
Originally Posted by JVD6905
-
08-24-2019, 01:17 PM #3Senior Member
Reputation points: 4567
- Join Date
- Jun 2015
- Location
- Saint Louis, Mo
- Posts
- 334
I would get them a Asset Based LOC or Term Loan using their A/R.
Nick Hubbard
Senior Loan Advisor
314-252-0299 - Office
314-885-2262 - Direct
nick@elitefactoring.com
www.elitefactoring.com
-
08-26-2019, 06:35 PM #4Senior Member
Reputation points: 5777
- Join Date
- Mar 2016
- Posts
- 335
Call me!
---
Bill Doody
Round Table Financial
Business Development Officer
bill@rtfinancialgroup.com
C: (949) 444-3346
www.rtfinancialgroup.com
-
08-27-2019, 09:06 PM #5Member
Reputation points: 346
- Join Date
- Mar 2019
- Posts
- 97
Here is the issue, concentration.... they have one main account they invoice (albeit for 400-600k) a month Originally Posted by NickHubbard
Reply With Quote
Similar Threads
-
Oil and Gas Servicer
By JVD6905 in forum Deal BinReplies: 2Last Post: 09-09-2019, 02:38 PM
