eCapital Creates $5MM Credit Facility for Colorado Oil Field Services Company

eCapital, a leading provider of working capital finance and payments solutions, recently originated a $5 million credit facility for a Colorado oil field services company.

The company will use the additional capital to fund growth and complete the acquisition of a business offering a complementary service.

As part of the partnership, eCapital will also provide the company with comprehensive accounts receivable and customer credit management. The company was referred to eCapital by a strategic partner.

“It’s always exciting to be a part of a company’s growth,” said eCapital Regional Vice President Bill Kirth. “This acquisition will be a huge step for the business and the services they provide. We are thankful for the referral and look forward to a long relationship.”

About This Transaction: This transaction was completed by LSQ before its acquisition by eCapital in late 2024. The details reflect the deal as originally announced at that time. Following the acquisition, aspects such as company branding, leadership titles, or organizational structure may have changed.