Capital Now Provides $2.6MM Credit Facility to Oil & Gas Engineering Firm

Capital Now provided a $2.6 million credit facility to an oil and gas engineering firm in Grande Prairie, AB.

The client is an independent engineering, inspection and repair firm that focuses on the mechanical engineering needs of the oil and gas industry. The client was facing 45-day payment terms with its buyers, but its cash flow was stifled and the client needed to stabilized cash flow to provide working capital to compete against larger firms and take on more contracts. The client can now keep up with growing contracts and remain competitive.