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$1MM goods-in-transit finance of refined oil
Summary:
Established in 2015 in Houston, Texas, the borrower is a refined oil trader that delivers gasoline and diesel oil to its customers in Mexico by rail. The company is seeking a secured working capital facility to bridge the payment timing gap created between payment to the US supplier and collection from the Mexican buyer. The borrower pledges the refined oil as collateral during the up-to-30 day rail trasport period.
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Status:
Oil & gas
Houston, Texas, USA
Goods-in-transit inventory finance
$1 million
$150,000 - $500,000
15 - 30 days
Refined oil (gasoline and diesel oil)
Yes
16%pa
Active
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