Industry lending
Financing built for oil, gas, and energy services.
Service companies riding the Eagle Ford and the Coastal Bend industrial corridor. Averlend funds this industry with equipment loans and contract-secured working capital, underwritten on assets instead of paperwork.
Why it works
Capital that matches how you operate.
- Cycle-aware capital. Energy work is feast and famine. Asset-based lending fits because the iron holds value through both.
- Heavy equipment expertise. We understand what a vacuum truck or a crane is actually worth on the secondary market.
- Mobilization money. New contracts demand capital up front. Fund the spread between award and first invoice.
The structure
- Products
- Equipment loans and contract-secured working capital
- Max loan-to-value
- 90%
- Standard term
- 12mo
- Markets
- South Texas
San Antonio and Corpus Christi are home base. We fund collateral-backed deals across South Texas.
Questions
Oil, Gas, and Energy Services lending, answered.
The collateral, the amount, and the plan to repay inside 12 months. Tax returns and credit history are minor factors, the assets do the qualifying.
Days on a clean file. We control our own capital, so nothing waits on a committee.
Send it anyway. Banks underwrite paperwork. We underwrite assets, and most of our borrowers were declined somewhere first.
The Averlend Promise
Put your assets to work this week.
Tell us the collateral and the number. An Averlend rep will reach out ASAP, same business day.