Pinnacle Capital Finance Provides $4MM Line of Credit to Energy and Environmental Service Provider

Pinnacle Capital Finance issued a $4 million asset-based line of credit to a veteran-owned, Southern California-based energy service provider. The company provides engineering and consulting services to various sectors, including oil, natural gas, rail, highway infrastructure, public supported projects as well as international, federal, state and local governments.

The Pinnacle Capital Finance loan is in the form of a 36-month $4 million accounts receivable line of credit. The client has several complementary operating entities that service different aspects of the energy sector. As a result, it was the client’s desire to source a lender that could roll up the various entities’ billings into a consolidated borrowing base on a daily, real-time basis.

“The company’s sophisticated financial management and systems were critical in enabling us to design such a dynamic loan and collateral monitoring structure,” Kevin O’Hare, president of Pinnacle Capital Finance, said. “We are thrilled to help our borrower meet their working capital needs as they in turn help to improve infrastructure across our great country and provide substantial employment opportunities to areas that are in need of economic growth.”

Pinnacle Capital Finance is a division of Pinnacle Bank, a community business bank. Pinnacle Capital Finance offers an array of asset-based lending services, with loans ranging in size from $250,000 to $5 million.