Advantage Business Capital Provides $5MM Asset-Based Loan to Upstream Oilfield Services Company

HOUSTON, TX — [August 19th, 2024] — Advantage Business Capital, a subsidiary of Central Bank, today  announces that its asset-based lending (ABL) division has approved and funded a $5MM working capital  revolver to a Houston, Texas headquartered upstream oil and gas services company. This credit facility will allow the business to pay off their current lender and access additional availability to support their  growing operations.  

“Advantage Business Capital communicated clearly what was needed to underwrite and service our loan,”  said the company’s CFO. “The additional funding capacity has allowed the company to continue to expand  and grow.” 

About Advantage Business Capital 

Advantage Business Capital provides invoices factoring and asset-based loan (ABL) revolvers to clients  nationwide. Advantage is owned and backed by one of the oldest independent banks in Texas.