Alpine Ridge Funding Closing $7.5 Million Factoring Facility for an Oil and Gas Services Company

FRISCO, Texas, April 14, 2025 -- Alpine Ridge Funding is proud to announce the successful closing of a $7.5 million factoring facility for an oil and gas services company. Factoring is a common solution for businesses in industries like oil and gas, where cash flow fluctuates significantly due to the cyclical nature of the industry, long payment terms, or seasonal demands. The factoring facility allows the company to quickly access the cash it needs, enabling them to continue operations and take on new projects without the delay of waiting for customers to pay invoices.

David Fortner, VP of Sales, stated “Alpine Ridge Funding is fully committed to supporting its client's growth with flexibility and tailored financial solutions. Our approach highlights not only providing short-term capital but also being a long-term partner in the company’s success. By offering this factoring facility, Alpine Ridge Funding is helping the company focus on fulfilling contracts and meeting immediate operational needs without worrying about cash flow disruptions.”

About Alpine Ridge Funding

Alpine Ridge Funding is a fast, flexible, and customer-supportive receivables financing provider for businesses in a broad array of industries that need working capital for a variety of reasons.  Alpine offers factoring facilities ranging in size from $50,000 to $30 million for businesses across the US and Canada. The only asset required is receivables.  Alpine's focus is to provide the reliable funding that owners and management teams need to solidify and grow their businesses.  Alpine Ridge Funding is affiliated with Mountain Ridge Capital, a nimble and innovative provider of customized asset-based loans for middle-market businesses. Together, Alpine Ridge Funding and Mountain Ridge Capital offer reliable, customized, flexible working-capital solutions at many points in a business’s lifecycle.  See Alpine Ridge Funding for more information.