|Important Issue/Variable||Bank Line of Credit||Capital Solutions' |
|Ownership||Company keeps||Company keeps|
|Management||Company keeps||Company keeps|
|What lender looks at||Previous two years' financials |
|Company's ability to produce invoices to credit-worthy customers|
|Decision taking contact person||Credit committee. You often deal with a bank clerical administrator.||No committees, person with "a brain" takes same-day decisions.|
|Personal guarantee||Required||Not required|
|Line growth||Subject to credit committee, not easy||No approval necessary|
|Who benefits from upside growth of company||You do||You do|
|Customize program to meet my business needs||No||Yes|
|Risk of your customers going Chapter 11||Your risk||Capital Solutions' risk|
|Audits (your cost)||Required, at least once a year, usually twice||Not required|
|Performance requirements||Many: Financial, profitable, growth (if default occurs, your fees go up). Bank sometimes expects you to pay off the line once a year.||None|
|Cost to exit program||Usually early termination fees||No cost, no questions asked|
You save money by working with the principal instead of a broker. Contact us today to speak with our business financing executives, find out how easy it is to qualify and ask how we can help your oilfield services business grow.
What Our Clients Are Saying
- Keri Gray,
The HUGE difference I found since we are working with you... is in the day-to-day life... Since Capital Solutions is funding us there is no "fear"... when I talk to a vendor or need to make payroll. You guys have also bent over backwards... to make it work for us. I really appreciate that.
- Brenda and Mark Neufeld,
In our very first conversation I noticed that you not only understood our situation, but also the Oil & Gas trade. Capital Solutions has been an invaluable help... We have grown our business exponentially thanks to you. I can now probably qualify for a traditional line of credit (...but I'm not sure I want to).
B.N.M. Piloting Services
- George Del Toro,
We were funded [in 10 days] (the approval process was very smooth). The way I spend my time has changed dramatically since then. I can spend as much time as I need visiting with customers and out on the field... In closing I would like to tell you that Capital Solutions has made it possible for GDT Well Service, Inc. to triple (300%) its business in the last year, without any of the "growing pains".
GDT Well Service