Zach Ellis, Commercial Credit Group, gives an update from the state Texas as he travels across the southern shale plays. Ellis will be traveling to Oklahoma next week with another trip back into Texas. Ellis consults and finances businesses in the oil and gas industry who need alternative financing or bridge loans.
Ellis describes what the scene is like out in Shale Play USA from a first eyeball account. In addition he shares a couple stories about credit scores. From lower than expected scores to people worried about taking that step into credit discovery.
Slow pay and factoring are discussed in the interview as well. Ellis also explains how many companies are finding areas of niche and slightly diversifying their services to adapt to the marketplace.
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
Spread the word. Support the industry. Share the energy.
