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R-Cat Oilfield Corp.

Oil and Gas Services

"Without BDC's assistance, R-Cat could have lost a considerable opportunity to expand our presence in this market. We can now afford to develop our catwalks to be even more flexible and efficient."

Mike Little, President
R-Cat Oilfield Corp.
Calgary, Alberta
http://www.rcat-oilfield.ca/

Needs
In only its second year of operations, demand for the company's catwalk was rapidly growing. R - Cat Oilfield's customers - who had already seen performance improvements since the introduction of the catwalks - were looking to equip even more of their rigs with the R-Cat units that allow workers to safely transfer tubing between the rig floor and pipe racks thanks to hydraulic levers. R-Cat Oilfield officials needed help with financing to build more catwalks and expand and develop the business.

BDC solution
BDC Financing provided R-Cat Oilfield with the necessary funding to allow the company to develop and build more catwalks to meet growing customer demand. BDC also provided R-Cat Oilfield with convenient terms and conditions to build the company's working capital for future growth.

Results
R-Cat Oilfield is expected to increase revenues by 40% over the next year and is now in a position to continue to develop its catwalks to meet future industry challenges.