FRISCO, Texas, April 14, 2025 — Alpine Ridge Funding is proud to announce the successful closing of a $7.5 million factoring facility for an oil and gas services company. Factoring is a common solution for businesses in industries like oil and gas, where cash flow fluctuates significantly due to the cyclical nature of the industry, long payment terms, or seasonal demands. The factoring facility allows the company to quickly access the cash it needs, enabling them to continue operations and take on new projects without the delay of waiting for customers to pay invoices.
David Fortner, VP of Sales, stated “Alpine Ridge Funding is fully committed to supporting its client’s growth with flexibility and tailored financial solutions. Our approach highlights not only providing short-term capital but also being a long-term partner in the company’s success. By offering this factoring facility, Alpine Ridge Funding is helping the company focus on fulfilling contracts and meeting immediate operational needs without worrying about cash flow disruptions.”
