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Commercial Funding Partners (CFP) completed a $2.7 million structured equipment financing transaction for an established oil field services company.
The company needed additional equipment to support ongoing field operations and customer demand while preserving working capital for payroll, fuel, maintenance, and other operating expenses.
Oil field service companies can present unique underwriting challenges because revenue and equipment utilization may fluctuate with drilling activity, energy prices, customer contracts, and regional demand. The specialized nature of oil field equipment can also make conventional bank financing more difficult.
The borrower needed a financing structure that recognized both the equipment's value and the company's underlying operating performance.
CFP evaluated the transaction based on the company's financial performance, operating history, equipment requirements, and overall ability to service the debt.
Rather than forcing the transaction into a conventional lending structure, CFP developed a $2.7MM equipment financing solution built around the company's cash flow and equipment needs.
The financing allowed the company to acquire the equipment needed for its oil field operations while preserving liquidity for continued growth.
