Compare Capital Solutions Oilfield Services and a Bank Line of Credit
| Important Issue/Variable | Bank Line of Credit | Capital Solutions' Oilfield Services |
|---|---|---|
| Ownership | Company keeps | Company keeps |
| Management | Company keeps | Company keeps |
| Cost | $$ | $$$ |
| Personal Guarantee | Required | Not required |
| Audits (your cost) | Required, at least once a year, usually twice | Not required |
| Line Growth | Subject to Credit Committee, not easy | No approval necessary |
| Who benefits from Upside growth of company | You do | You do |
| Lender's focus on | Previous 2 years Financials Personal Credit | Company's ability to produce invoices to credit worthy customers |
| Risk of your customers going Chapter 11 | Your risk | Capital Solutions' risk |
| Cost of Exit of program | Usually some early termination fees | No cost, no questions asked |
| Satisfaction Guarantee | None | Yes |
| Performance Covenants | Many: Financial, Profitable, Growth (if default occurs, your fees go up). Bank sometimes expects you to pay off the line once a year | None |
| Can program be changed to suit me? | No | Yes |
| Decision Making: speed, contact person | Credit Committee, you are mostly dealing with clerical person | No committees, person with "a brain" makes same-day decisions. |
Save money by dealing with the principal, not a broker. Find out how easy it is to qualify or contact us today and speak with one of our business financing executives to see how we can help you make your oilfield-services business grow.
Hear what our oilfield clients sayWhat Our Clients Are Saying
- 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
- 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
- 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.
Energy Services