A global provider of oilfield metals solutions to the energy industry. They deliver solutions for demanding Oilfield Tubular requirements and supplying corrosion resistant tubular for high pressure, high temperature (HPHT) wells.

Need:

 

  • Provide capital for expansion into a previously outsourced manufacturing industry subsequently increasing gross margin for main product.

 

Solution:

The company partnered with VFI for multiple rounds of financing totaling $20,000,000 for the a manufacturing plant, warehouse facilities (racking) and new corporate office build out.

Benefits:

  • A secondary source of financing outside their banking relationships
  • A lease line of credit to pay multiple vendors for multiple months
  • Quick approvals and funding turnaround


Energy Services Company
 

$20,000,000


Manufacturing Plant and Warehouse Facilities