Ron Edinger, CEO of Liquid Capital of South Texas and Southwest Business Funding, announced the funding of a large transportation company located at the Port of San Antonio. The $4.5 million credit facility allows the company, which transports materials used in hydraulic fracturing, room for growth and expansion.
The credit facility will grant the company an opportunity for further growth in petroleum exploration in the Eagle Ford Shale Development Zone.
“We are particularly excited about this client as they are such an excellent fit with our strategic plan to provide more financing to companies operating in this exciting new oil find,” said Edinger. “We offer unique financial expertise, Fortune 500-quality cash flow management systems and virtually unlimited capital reserves for more creative access to capital to our clients. We plan on financing the company’s growing need for equipment through our strategic partnership with Baylore Leasing, one of the largest equipment financing sources in North America.”
Liquid Capital is a full-service factoring company that helps small- and medium-size businesses grow and succeed by providing immediate financing secured by credit-worthy account receivables.
Southwest Business Funding provides additional financial services to businesses and advisory consulting to government agencies surrounding access to capital.