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Advantage Business Capital Provides $5MM Asset-Based Loan to Upstream Oilfield Services Company
April 14, 2025
Source: Advantage Business Capital
HOUSTON, TX — [August 19th, 2024] — Advantage Business Capital, a subsidiary of Central Bank, today announces that its asset-based lending (ABL) division has approved and funded a $5MM working capital revolver to a Houston, Texas headquartered upstream oil and gas services company. This credit facility will allow the business to pay off their current lender and access additional availability to support their growing operations.
“Advantage Business Capital communicated clearly what was needed to underwrite and service our loan,” said the company’s CFO. “The additional funding capacity has allowed the company to continue to expand and grow.”
About Advantage Business Capital
Advantage Business Capital provides invoices factoring and asset-based loan (ABL) revolvers to clients nationwide. Advantage is owned and backed by one of the oldest independent banks in Texas.
“Advantage Business Capital communicated clearly what was needed to underwrite and service our loan,” said the company’s CFO. “The additional funding capacity has allowed the company to continue to expand and grow.”
About Advantage Business Capital
Advantage Business Capital provides invoices factoring and asset-based loan (ABL) revolvers to clients nationwide. Advantage is owned and backed by one of the oldest independent banks in Texas.
