Pinnacle Capital Finance Provides a $4 Million Line of Credit to a Southern California Energy and Environmental Service Provider

Pinnacle Capital Finance is proud to announce the issuance of a $4MM asset-based line of credit to a veteran owned, Southern California based energy service provider.  The company provides engineering & consulting services to various sectors, including oil, natural gas, rail, highway infrastructure, public supported projects as well as international, federal, state and local governments.

The Pinnacle Capital Finance loan is in the form of a thirty-six month $4,000,000 accounts receivable line of credit. The company has several operating entities that are complimentary in nature, albeit that service different aspects of the energy sector. As a result, it was their desire to source a lender that could roll up the various entities’ billings into a consolidated borrowing base on a daily real-time basis.

Kevin O’Hare, President of the Pinnacle Capital Finance said: “The Company’s sophisticated financial management and systems were critical in enabling us to design such a dynamic loan and collateral monitoring structure. We are thrilled to help our borrower meet their working capital needs, as they in turn help to improve infrastructure across our great country and provide substantial employment opportunities to areas that are in need of economic growth.”

Pinnacle Capital Finance is a division of Pinnacle Bank, a full-service community business bank dedicated to providing quality depository and credit services. Pinnacle Capital Finance offers an array of Asset Based Lending services to growth companies. Our loans range in size from $250,000.00 to $5 Million. We offer a full range of financial products including accounts receivable and inventory financing, factoring, purchase order as well as term loans.  For more information, visit www.pinnacle.bank.