The firm operates as an oilfield service, product and equipment supply company providing cost-effective U.S. supplies and services to Multi-National Oil and Gas Companies producing in Angola.
ExWorks Capital created a unique funding program to provide the supplier the necessary capital to purchase items in the US for shipment to Angola. Access to funding was being constrained because of Angola’s country content rule impacting the transfer of funds out of the country.
“We have structured a financing vehicle allowing Angolan suppliers gain access to capital for multi-million dollar P.O.’s from Multi-National Oil and Gas producers while fulfilling country content requirements, benefiting the oil companies, suppliers and maintaining vital oil production in Angola,” stated Gerard D. Paez, Managing Director of ExWorks Capital.
About ExWorks Capital
ExWorks Capital is a domestic and export trade finance company that offers financing solutions to businesses utilizing its own capital as well as by leveraging its Delegated Authority granted by both SBA and ExIm Bank. ExWorks Capital’s offerings include:
- Export Trading – We can provide between $500,000 and $25,000,000 per trade to suppliers that need the funds to be able to purchase goods for sale to international buyers. Thereby, eliminating the need to raise equity in order to fulfill international sales contracts.
- Working Capital Financing– International Trade Receivable and Inventory Revolvers, including advancing on Raw Materials, WIP and Finished Goods, between $1,000,000 and $25,000,000
- Term Loan Financing – Term Loans between $10,000,000 and $100,000,000 to Foreign Customers