CapFlow Funding Group Unlocks $1.5MM in A/R for Oilfield and Drilling Rig Company

CapFlow Funding Group leveraged $1.5 million in unrealized assists of a Texas-based oilfield and drilling rig specialist to provide working capital to the company.

The company had factored its invoices in the past, but its previous capital provider began to limit its exposure in the oil industry, preventing the company from leveraging the capital tied up in its accounts receivable. That lack of working capital restricted the company’s growth trajectory, including the expansion of current operations and entry into new markets. Posed for growth but lacking the necessary capital, the company reached out to CapFlow Funding Group.