Baker Garrington Provides Factoring Facility for Growing Oilfield Services Company

Baker Garrington announced it has provided a facility for a rapidly growing oilfield services company out of Dickinson, North Dakota. The company was looking for a better way to keep up with increasing demand and the pace of new opportunities coming in. As operations expanded, so did the need for consistent cash flow to support crews, equipment, and ongoing projects. Baker Garrington put a $1,000,000 facility in place to help bring stability to the day to day while allowing the company to stay focused on growth. This transaction is a strong example of aligning the right structure with a company that is already moving in the right direction.