Term Loans for Midland Oilfield and Local Businesses

Midland, the Permian Basin and the purchase cycle

Midland is the county seat of Midland County in West Texas, with small portions extending into Martin County. It counted 132,524 residents in the 2020 census, and the Midland metropolitan area is part of a larger Midland-Odessa combined statistical area. The city sits in the Permian Basin, the highest-producing US oil field, which spans West Texas and far southeast New Mexico.

When a customer base is made up of oil and gas operators, your revenue follows their activity: work orders, drilling schedules and the pace at which they pay. A service business can be busy and short of cash in the same week.

What oilfield service and supply companies buy in lumps

• Vehicles and trailers. Pickups, water or vacuum units, flatbeds and haulers used for field work.
• Shop equipment. Welders, lifts, lathes and the bay space to use them.
• Yard and storage. Pipe racks, fencing, a covered area for parts.
• Specialty tools. Items a single job requires but that stay useful for many.

These are purchases that can pay back across many contracts, but each one requires the cash on day one. Our pages for oilfield services, equipment suppliers and trucking and hauling go deeper on each.

Buying through the cycle

Oil and gas activity moves in cycles, and a purchase that makes sense in a busy stretch can look heavy in a slow one. The question to ask is not whether the equipment is useful, but whether you can carry the payment if a major customer pauses work for a few weeks.

For illustration only, an owner thinking about a $120,000 truck might sketch two columns: one with all current contracts running, one with the largest customer gone for a month. If the payment still fits in the second column, the purchase is on solid ground. Those numbers are round and invented, not our terms. Long-haul trucking carries its own cash-flow realities, and we do not promise funding for it.

Beyond the oilfield

Midland is also home to restaurants, hotels and shops that serve field crews and their families. A new kitchen or a refreshed lobby is a one-time cost with a long useful life, and term funding serves it the same way. A recurring squeeze on payroll or supplies is better answered by working capital or a business line of credit.

How applying works

We fund $25,000 to $5,000,000. The application takes about five minutes with a soft credit pull, sole proprietors can apply, and funding can arrive in as little as 24 hours. See also equipment financing, merchant cash advances and fast funding, or the Permian Basin overview.