Advantage Business Capital, a subsidiary of Central Bank, through its asset-based lending (ABL) division, approved and funded a $5 million working capital revolver to a Houston, Texas headquartered upstream oil and gas services company. This credit facility will allow the business to pay off its current lender and access additional availability to support its growing operations.
“Advantage Business Capital communicated clearly what was needed to underwrite and service our loan,” the company’s chief financial officer said. “The additional funding capacity has allowed the company to continue to expand and grow.”
