Business Services for the following:
To get existing production of oil & gas, we will take the average of their last 6 months production times 36 and loan 50-60% of that amount. To consider an oil or gas deal we need the following:
Absolute Requirements:
1. Last 6 months check details showing their net revenue interest decimals (NRI), production volumes & revenue deductions.
2. Last 6 months JIBs showing lease operating expenses & their working interest decimals(WI).
3. Map showing well and lease locations.
4. API numbers
Helpful Items (but not required for cursory first review):
1. Reserve reports by unaffiliated 3 rd party engineer (i.e. Ryder-Scott or Nederland-Sewell)
2. Copies of electric logs, geologist reports (after well drilled) & initial production test (i.e. DSTs).
3. Attorney's title opinions showing seller's interest.
4. Copies of executed Division Orders.
5. Copy of Governing Operating Agreements.
We are asset based lenders with money to loan, and anxious to put it out.
We loan on: Real Estate Oil & Gas Mines Yachts
Precious Stones Fine Art Mortgages
Securities Receivables
OR any other asset that has a liquid value.
Rate and term commensurate with deal. Interest only, no prepay, quick closing. Minimum loan $1 million.
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Accounts Receivable, Inventory, & Factoring
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Asset Based Loans
Transaction Size: $250,000 to 3.5 Million (up to $6 million in certain cases).
Advance Rates: Up to 85% on eligible Accounts Receivables and up to 50% on eligible inventory.
Facility Type: Revolving Line of Credit – Borrowing Base Certificate, Daily or Weekly.
Collateral: Accounts Receivable, Inventory and Machinery & Equipment – Term Loans available in certain cases with Advance Rates up to 80% of FLV.
Pricing: ‘Prime Plus', based on the Wall Street Journal Prime Rate Index, Facility Commitment Fee, Monthly Collateral Monitoring Fee.
Accounts Receivable Financing
Transaction Size: $25,000 to $3.5 Million (up to $6 million in certain cases).
Advance Rates: Up to 90% on eligible Accounts Receivable.
Facility Type: Accounts Receivable invoice funding, Recourse or Non-Recourse is available.
Collateral: Eligible Accounts Receivable.
Pricing: ‘Prime Plus' based on WSJ prime index, plus commitment and monthly fees.
Traditional Factoring
Transaction Size: Start-Ups to $10 Million
Advanced Rates: Up to 85% of eligible Accounts Receivable.
Facility Types: Domestic Factoring , Export/Import Factoring, Non-Recourse/Off-Balance Sheet, International Letters of Credit, Tri-Party Supplier Finance.
Collateral: Eligible Accounts Receivable, Inventory, Machinery & Equipment.
Pricing: Interest Rate based on ‘days outstanding', Invoice Discount Fee and Commitment Fee.
Services Available
Credit reviews for new and existing customers, Invoice processing and mailing, collection services, customized management reports and web based reporting.
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