Hardhat Funding

Great way to start the weekend!! Funded one oilfield service company this afternoon, a construction supply company is getting through the funding process, and another big $13m credit line facility is working through underwriting Let's go!!

I have over 16,000 connections on LinkedIn, most of them owners, CEOs, and the rest of the C-Suite, and mostly in the OFS sector. Quite a few of those people oversee companies grossing in the hundreds of millions a year, several I've worked personally with. So, I'm hoping this reaches the right eyes--buckle up, I'll make this as quick as possible. Would appreciate a like and share for reach if you actually like me and believe in me I have been in the OFS factoring industry for about 8 years now and have developed an excellent reputation among both my peers in funding and my clients in the field. You would be hard pressed to find a single person that has anything bad to say about me, and if they do, I bet there's a story with two sides. What I do now is broker out oilfield service factoring deals and do the best job at that in the industry. We are currently closing on $21,500,000 in factoring and accounts receivables based lines, more than a lot of direct lending shops close in an entire year. That said, I'm tired of *just* brokering. Like any red blooded entrepreneur I have a history of figuring out the most efficient way to make the most money in the sector that I serve. When I got into sales with a lender, I didn't stay there because I knew the brokers had more clout, were more respected by the clients, and made more money. I've been a full time broker for years now, and you know who makes a LOT more than I do and in my opinion often provides worse service? You got it, the lenders. It's time. I'm looking for a business in oil and gas to partner with to start a factoring fund. There are a few factoring funds out there already that started exactly like this, and I want to make someone richer, generationally change my own families trajectory, and become THE BEST accounts receivables lender in the North American oilfield sector. Amanda and I are already excellent at the front half of a factoring shop--I handle sales and marketing, she handles processing. Together, we are impeccable, and provide the most important aspect of a good fund--the deals and initial underwriting. The back end is already covered as my mentor stated he would be in favor of working as the CEO. Not only does he have around 30 years of banking and finance experience, he has ran several factoring businesses, including a prominent one in West Texas, has started a bank, currently owns his own factoring business as well as several other companies. He is at the point in his career where he is ready and excited to step back into an involved CEO role with a gritty, busy, scaling startup. I doubt there is a better man in the entire industry to lead a factoring fund. We have the experience, knowledge, reputation and pipeline necessary to make a fund blow up. We just need the right partner with the cashflow to do it with.

We have $20,000,000 in factoring/asset based lines pending right now already in underwriting, this does not include our more speculative pipeline. All are viable, and I'm hoping that every one of them can close. There's one ten million dollar line, several five million plus, and a few million dollar lines. This is the sandbox we prefer to play in and what we are best at. We work hard to put good deals in front of our clients, whether that's pure invoice factoring for a company grossing seven or eight figures a month, or setting up a more mature asset based lined of credit for companies with more age and cleaner financials. We do both excellently If you're currently factoring or have a line that collateralizes receivables as the primary asset I promise you that it will not be a waste of time to get a quote from us. We work with the very best lenders in the industry, and we don't charge to evaluate your current situation and determine if we can do it better. If we in fact cannot, I'll tell you that quickly so you're not wasting any time.

Got a hotshot company funded with factoring today! Great email to get on the tarmac heading out of Midland. This will allow them to take on much bigger jobs as they scale up. First funding was small, I'm guessing they'll be borrowing $500k a month within six months Let's go!

I've been absolutely slammed the last few days. As of this morning we have submitted around $2,000,000 in receivables for invoice factoring from a range of different companies, all relating to oil and gas, just this week. Very grateful!! Our model is pretty simple. We are the ONLY oil and gas services niched invoice factoring and credit line broker in america (unless some other equally crazy person is doing this full time like me) Over 8 or so years I and my partner have carefully vetted factoring sources for oil and gas and have narrowed our toolbox to around five. These five have different niches themselves. One is a large shop that does asset based lending that's great for large companies doing $50m+ a year that need more or a credit line style than factoring Another is a mom and pop that is excellent for tiny companies that need the most customer service and help The rest fill the gaps in between. Each lender has excellent communication, customer service, and importantly, a LOT of oil and gas experience. They know what they're doing better than anyone else in the country. Proud to continue building Hardhat Funding like this and very thankful for the community I've developed in oil and gas and beyond. Not sure how this hick from Michigan ended up here, but here I am! This is the best industry in America and I'm proud to be a part of it. Best people I've ever met, most important for human survival, and not even gonna lie, a GREAT way to make a living both for yall and for me. Oil and gas is where it's at, and factoring/finance is my place in that big complicated web of companies and services, and if I do say so myself, I'm the best at what I do! If you're on the fence, hop off and call me!