Our client, a Mexican company, is involved in the extraction, processing and commercialization of raw materials to the oil and gas industry. This company owns mines in Mexico and its leaders have extensive experience in the business. Economic projections for the oil and gas exploration industry in Mexico are positive, with heavy investment both by private and public sectors.
The client is expected to double its production capacity and needs a working capital facility to finance its needs, which include incorporating new equipment to keep up with production demands and attract new contracts. The company is young and therefore shows operational and net losses and negative equity, but it expects to start generating profit by the end of this year. It has contracts to supply products and services to leading players in the industry.
The company is strong and has contracts with well-established customers. Oil and gas perspectives are positive for the short term and the company, despite being relatively new, is expected to become profitable in the near future. Given these strengths, ExpoCredit was able to quickly approve the company’s request for capital.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.