Zachary Ellis, Commercial Credit Group, talks about alternative financing in today’s industry and volatile market. Ellis explains how there are many options out there for small-to-mid-size companies. When asked to define that phrase further, Ellis said all situations are different, but an initial qualification would be companies ranging from $50K to $10M.
The issue of slow pay is discussed and how some companies are using creative financing as a bridge loan to help whether the storm. Ellis also talked about equipment financing and collateral loans.
Ellis recently spent some time in Midland, Texas, and gives an update from the Permian Basin.
Ellis can be contacted via LinkedIn or phone at 682-386-7973
The Crude Life Podcast can be heard every Monday through Thursday with a Week in Review on Friday.
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