Ridgehollow Finance takes funding requests by phone and through its request form at its Green River, WY office and passes them to funding partners. Partners review each request and set any terms; the owner chooses whether to accept.
Why Ridgehollow Asks a Service Company Who Pays Its Invoices and When
A service yard in Green River, WY can be busy and short of cash in the same month. When a pulling-unit crew or a vac truck works for an operator that pays 60 days after the invoice, wages and fuel go out long before that payment lands. The gap shapes the whole request, which is why the call starts with who the customers are and how long they take to pay.
The answer points to different products. A company waiting on large invoices may look at working capital to carry payroll through the wait, while a shop with steady card sales and a worn-out lift has a machine question, not a cash-timing one. Asking about invoices up front keeps the conversation on the cost the money actually has to cover.
A funding partner can look at the same thing from its side. Bank statements show when customer payments arrive, and an aging list of open invoices shows who owes what and for how long. Ridgehollow decides nothing on those records; its part is making sure the request states the gap plainly before a partner sees it.
Sweetwater County, WY Work a Request Can Cover: Rigs, Repair Shops, Clinics
Three kinds of local business show the range of costs a request can cover. Support activities for oil and gas operations (NAICS 213112) accounted for 47 employer establishments in Sweetwater County, WY in 2023, according to County Business Patterns. A rig request on that side of the economy can involve a pulling unit, a triplex pump skid or an enclosed tool trailer, each priced from the seller's quote.
Repair bays come second. Automotive repair and maintenance (NAICS 8111) took in 32 of the county's employer establishments that year, and 59.4% of those had fewer than five employees (CBP 2023). For a shop that size, one two-post lift or an alignment rack can be the largest purchase of the year, and it is the kind of cost equipment financing is built around.
Clinics are the third. Health care and social assistance (NAICS 62) counted 116 employer establishments across Sweetwater County, WY in 2023, a sector that runs from physician and dental offices to therapy practices and home health agencies. A set of exam-room furniture, an imaging unit or a dental chair can be priced from the vendor quote and sent on as one request.
Any other business, apart from trucking and agriculture, can call the same number. The three groups above simply show how different the costs behind a request can be.
How Ridgehollow Handles a Truck or Rig Request, Quote to Partner Offer
A truck or rig request runs in this order, whether the unit is a used vac truck or a newer pulling unit:
- The owner calls (307) 381-3143, or sends the request form and takes a call afterward. That call covers the unit, the seller and the asking price.
- For a used unit, the year, the hours or miles and any service records come next, since a partner can ask for them before it prices the deal.
- Ridgehollow sends the request on to funding partners that finance that kind of equipment.
- A partner reviews it, may check business and personal credit, and can ask for bank statements or a down payment.
- An offer from a partner spells out the amount, rate, term and payment. The owner compares it and accepts or says no, and a no ends the request there.
Each step after the first call is laid out on how it works, which follows a used vac truck from quote to decision.
Why Ridgehollow Starts a Green River, WY Oilfield Service Request With the Company's Numbers
Equipment is only half of an oilfield service request. A partner looking at a pulling unit for a two-truck outfit in Green River, WY can start with three numbers: how long the company has operated, what it brings in over a year and how much it wants. Those are the three ranges the request form asks for, so they come first here as well.
The records behind those numbers follow: recent business bank statements, a list of the equipment already financed with its monthly payments, and, where there is one, the master service agreement or work-order history with the operators the company works for. A partner can use that history to see how steady the work has been.
Starting with the numbers also keeps a request honest about size. A unit the revenue cannot carry is better scaled back on the first call than turned down after a review, and the payment calculator on the machinery calculator page shows the monthly payment for an amount, an annual rate and a term before anyone commits.
By Ridgehollow Finance · Updated