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North Mill Capital Funds Texan Rentals & Lease Services

June 08, 2017, 07:00 AM
Filed Under: Rental News

The company provides crew services and leases equipment to the oil and gas industry.  The funds were used to pay off existing debt and provide working capital for future growth.

"Texan Rentals was looking for a flexible working capital provider that had the ability to think outside the box and the willingness to provide support during a  period of aggressive growth.  Cost of funding, time to close and increased liquidity were our critical needs when we went through the  selection process for a lender.  North Mill Capital  was flexible, quick and attentive to Texan's needs.  We found  that the underwriting staff at NMC was very responsive, understood our business very quickly and closed a $6.5 million line of credit much quicker than was originally anticipated.  Texan is now positioned to undertake aggressive growth in the coming year and beyond thanks to NMC's assistance,”  said Nadeem Sheikh, President

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