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OIL & GAS

Fund Energy Operations. Backed by Eligible Business Assets.

Capital backed by eligible business assets for oil and gas service companies, equipment suppliers and related businesses.

FINANCING FOR OIL & GAS

Financing for Capital-Intensive Energy Businesses

Oil and gas service companies, equipment suppliers and related businesses invest heavily in machinery, materials, personnel and project execution. Their financing needs follow industry activity, contract structures and the timing of customer payments.

Asset-based financing lets these businesses borrow against eligible receivables, equipment and other business assets. Great Elm reviews your collateral and financing goals and structures a facility suited to your circumstances.

Explore Financing Solutions
Field crew walking toward a pumpjack at sunset

INDUSTRY CHALLENGES

Operating Pressures in Energy Services

Energy businesses depend on expensive productive assets and project activity. Market cycles and payment terms then put pressure on liquidity. These are the pressures that most often lead to a financing conversation.

Drilling and maintenance activity, and the capital budgets behind it, move with energy-sector demand. When volumes swing, working capital is harder to plan and lenders look closely at the assets behind a facility.

Specialized machinery, fuel, repairs and crews must be funded whether or not customers have paid. An unplanned repair or idle equipment can strain liquidity quickly.

Service tickets, invoice review and approval by larger operators can take weeks. Completed work sits uncollected while payroll and supplier bills keep coming due.

Many energy-services businesses depend on a few large customers. Concentration, approved-ticket requirements and customer lien restrictions all affect how receivables are underwritten.

Technicians servicing pipework on an offshore platform

WHO WE FINANCE

Oil & Gas Businesses We May Finance

Great Elm works with established energy-sector businesses that have experienced management and eligible assets we can lend against. Typical borrowers include:

  • Equipment-intensive oilfield service providers: operators of eligible services supporting drilling, production or maintenance.
  • Established energy-sector manufacturers and suppliers: businesses with productive equipment, inventory or receivables.
  • Businesses supporting energy operations: companies with eligible receivables or other business assets that can be reviewed as collateral.

Great Elm provides business lending secured by eligible assets, not reserve-based oil and gas lending.

$5MM–$500MM

Typical Annual Borrower Revenue

Financing availability and eligibility depend on the individual transaction, eligible collateral, and underwriting requirements.

$5MM–$30MM

Typical Target Loan Size

A typical target, not a limit. Loan size depends on the individual transaction, eligible collateral, and underwriting requirements.

FINANCING APPLICATIONS

Capital for Operations, Equipment and Change

Energy-services businesses use asset-based capital in different ways. These are the situations we see most often.

Operations

Fund Operations Between Milestones and Collection

Working capital supported by eligible receivables can keep payroll, fuel and supplies funded between project milestones and payment.

Equipment

Invest in Machinery and Equipment

Qualifying machinery and equipment can support secured term financing for purchases, replacement and added capacity.

Change

Refinance or Expand Operations

When requirements or market conditions change, Great Elm can evaluate collateral-backed financing to refinance or expand.

RELEVANT FINANCING SOLUTIONS

Financing for Energy Service Businesses

Great Elm offers financing structures designed for different capital requirements. The appropriate solution depends on your eligible collateral, borrowing needs and existing obligations.

Secured Term Loans

Asset-backed term financing supported by qualifying machinery, equipment, inventory or other collateral, for capital investment, liquidity needs or refinancing.

Ledgered Line of Credit

Revolving financing supported by commercial receivables that meet eligibility requirements, helping manage working capital through long project and collection periods.

Unitranche Loans

For an appropriate larger transaction, a combined debt structure can be considered separately, such as an acquisition or recapitalization.

Recent Deals

Financing deals that move businesses forward.

Explore our recent financing transactions and discover how we’re helping businesses access the capital they need to grow and succeed.

See More Deals

FREQUENTLY ASKED QUESTIONS

Oil & Gas Financing FAQs

Common questions about collateral, receivables and refinancing for energy-sector businesses.

Depending on the loan structure, eligible receivables, machinery, equipment, inventory and other business assets may be considered. Eligibility, valuation and existing liens are reviewed in underwriting. Great Elm does not provide reserve-based lending.

They can be considered. Eligibility depends on factors such as invoice approval status, payment history and any lien or contract restrictions, so each receivables base is reviewed individually.

When a large share of receivables comes from a few customers, lenders look closely at those customers' credit and payment behavior. Concentration can affect how much of the receivables base is eligible.

Discuss Your Oil & Gas Financing Needs

Whether you're managing working capital, investing in equipment or evaluating refinancing, Great Elm can review your collateral and financing objectives.

Contact Our Financing Team

Tell us about your business and what you’re looking to finance. A member of our team will follow up to discuss your needs and potential next steps.