Texas

$45 Million ABL Solution to Propel Growth for Texas Energy Services Firm

In a recent transaction, eCapital delivered a $45 million asset-based lending solution for a privately held energy services company based in Texas.

After six months with a previous lender that could not meet their growing requirements, the client transitioned to eCapital on the recommendation of a trusted private equity partner. By leveraging accounts receivable and equipment, eCapital enhanced the client’s financial capacity, enabling them to seize new opportunities and continue expanding in a competitive market.

“When the client’s previous lender was unable to keep pace with their evolving needs, we stepped in to understand their unique challenges and structured a comprehensive deal that addressed their immediate liquidity requirements while supporting their drive to scale,” said Brian Cuttic, CEO, ABL at eCapital.