This Ohio based Company was formed in 2016 to service the oil and gas industry. The Company performs specialized tubular/tools rental and inspection, high pressure testing, specialized equipment rental, and iron re-certification for customers in the industry.
ExWorks Capital provided the company with necessary working capital for liquidity needs as well as a future growth.
“We were excited to learn of the company’s incredible growth story when we got the call from the investor group“, said Andy Hall Chief Creditor Officer of ExWorks Capital, “the company is likely to triple in volume this year, the staunch support from the investors and proprietary technology in its products that are creating greater operating efficiencies in this industry segment made it a very easy decision for us”. ExWorks closed the transaction in two and half weeks from introduction.ExWorks Capital provides domestic bridge loans, working capital revolving lines of credit, and import /export trade financing solutions to businesses utilizing its own capital. ExWorks also carries Delegated Authority granted by both the SBA and ExIm Bank.
ExWorks Capital’s Offerings:
- Bridge Financing – ExWorks can provide short-term financing to fulfill existing company needs between $500,000 and $25,000,000.
- Domestic, Export, and Import Financing – ExWorks can purchase or finance export/import/domestic goods to provide additional liquidity when selling both domestically and overseas between $500,000 and $25,000,000.
- Working Capital Financing – ExWorks can provide financing on both Domestic and International Receivables and Inventory, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000.