Baker Garrington Provides a Factoring Facility for an Oilfield Trucking Company Operating in the Permian Basin

Baker Garrington announced it has provided a factoring facility for an oilfield trucking company operating in the Permian Basin. The company is based out of Midland, TX, and runs throughout the Permian Basin. The client was looking for a better way to support its day-to-day operations and keep up with the pace of work in the field. Baker Garrington structured a $300,000 facility that gives the company the ability to stay consistent, cover expenses, and say yes to more opportunities as they come in. This funding is a strong example of building something around where a business is today, with a clear path to grow as things continue to move in the right direction.