North Mill Capital provided a $6.5 million ABL facility to Texan Rentals and Lease Services. The funds were used to pay off existing debt and provide working capital for future growth.

The company provides crew services and leases equipment to the oil and gas industry.

“Texan Rentals was looking for a flexible working capital provider that had the ability to think outside the box and the willingness to provide support during a period of aggressive growth. Cost of funding, time to close and increased liquidity were our critical needs when we went through the selection process for a lender. North Mill Capital was flexible, quick and attentive to Texan’s needs,” said Nadeem Sheikh, president of Texan Rentals.

North Mill Capital provides asset-based loans and factoring facilities from $50,000 to $30 million.