Capital Now Provides $200K Credit Facility to Less-than-Load and Oilfield Hauling Operator

Capital Now completed a $200,000 credit facility for a less-than-load and oilfield hauling operator in Estevan, SK.

The client is a partnership between hotshot drivers in Saskatchewan and was referred by one of Capital Now's referral partners. With increasing competition in the hotshot field, the client knew the drivers needed to band together and provide more than single-industry services to remain competitive. Because the partnership’s biggest customers are larger oil and gas firms, payment terms are lengthy, making it difficult to break through in an already overly competitive market.

Since Capital Now is already familiar with the customers, approval was quick, easy and hassle-free for this client, even though invoice amounts were relatively small. Now the client is getting paid quickly and regularly and can maintain an edge in a competitive market.