Oilfield service firms, machine shops and contractors in West Texas live and die by equipment uptime. Apply in five minutes; funding can arrive in as little as 24 hours.
Apply Now →The Permian Basin is described as the highest-producing oil field in the United States, averaging 4.2 million barrels of crude oil per day in 2019, and it sits in western Texas and the far southeast corner of New Mexico. Behind every one of those barrels is a long chain of smaller businesses: service outfits, fabricators, welders, hauling and rental companies, and the shops that keep their machines running.
For those businesses the equipment is the business. A pump that fails on a Tuesday does not wait for the customer's next payment run. The owner has to decide whether to repair, rent, or replace, and the answer depends on how much cash is sitting in the account that week. This page is about that decision, not about the price of oil.
For illustration only, say a small service company has a unit that is down. These numbers are round and invented to show the shape of the choice. They are not our terms or a typical outcome.
| Option | Cash out now | What it risks |
|---|---|---|
| Repair the old unit | $18,000 | Another breakdown within the year, but the crew is working again within days |
| Rent a replacement | $6,000 a month | Rental adds up quickly and builds no ownership |
| Buy a newer unit | $85,000 | Large check, but fewer surprise outages and a machine you control |
Whichever route makes sense, the common thread is timing. The invoice you are waiting on may be 30, 45 or 60 days from paying, while the shop, the parts supplier or the dealer wants money now. Working capital closes that gap. We fund $25,000 to $5,000,000, and you decide what to spend it on.
The Permian Basin is made up of several component basins: the Midland Basin, the largest; the Delaware Basin, the second largest; and the Marfa Basin, the smallest. From a business owner's point of view the geography matters in one simple way. Distances are long, sites are remote, and a crew that loses a day loses the whole day's revenue plus the fuel to get there.
Our grouping of the Permian Basin includes Andrews, Borden, Crane, Crockett, Dawson, Ector, Gaines, Glasscock, Howard, Loving, Martin, Midland, Mitchell, Pecos, Reagan, Reeves, Upton, Ward and Winkler counties. It is an editorial grouping built from public regional definitions, not an official state region, and the application does not care which county you are in. If you operate in Texas, you can apply.
The application takes about five minutes and starts with a soft credit pull. You can apply on the application page.
The funding is working capital, so you choose how to deploy it. Many owners use it for purchases, repairs and rentals alike. Describe the planned use on the application so it is clear.
Cash flow that rises and falls is normal for service businesses tied to oil activity. It is a good reason to size a request to what you can carry through a slow stretch, not only a busy one.
Yes. Sole proprietors can apply for funding from $25,000 up to $5,000,000.
The application uses a soft credit pull, so submitting it does not add a hard inquiry.
No. Restaurants, retailers, healthcare practices, contractors and every other kind of Texas business can apply.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
