Marquette Business Credit Provides $16MM to Oilfield Steel

Marquette Business Credit funded a $16 million credit facility to Oilfield Steel Supply. The secured facility consists of a $15.0 million revolving line of credit plus an additional $1.0 million equipment term loan and capital expenditure line.

Based out of Magnolia, TX, OSS delivers raw materials to the oilfield equipment manufacturing industry. The transaction was originated by Andrew Burgess, a SVP at Marquette’s Dallas office.

“Our search for growth financing in a very tight market ended when we met with Marquette,” said Nick Jones, CEO of Oilfield Steel Supply. “Their team clearly understood the unique requirements a business like ours has and offered a highly effective and creative solution to meet those needs.”

Marquette Business Credit provides asset-based loans to middle market U.S. based companies with credit requirements from $2 million to $25 million

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Terry Mulreany
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