Lynx Energy Services | NAC Story
Just hours shy of the new year in December of 2011, Lynx Energy Services officially became a Texas-based enterprise. The company was formed for a singular purpose: to provide the oil and gas industry with a wide range of equipment needs in both the Texas and New Mexico markets.
Led by three energy industry veterans, Lynx was formed with a mission to cost-effectively develop a wide-ranging oil and gas services business that capitalized on a growing market of drilling operations in the Permian basin of Texas and Southeastern New Mexico.
Building a strong reputation in the competitive energy sector has come at a cost, requiring substantial equity investments and creative, often expensive financing solutions. But given its ongoing success and rural location, Lynx presented a compelling opportunity when it approached North Avenue Capital for more affordable capital to purchase real estate, refinance existing debt, and expand its revenue-generating base of equipment.
With the support of the USDA, NAC provided a $12.73 million government-guaranteed loan to supply Lynx with the funding it needed to take its operations to the next level.
This loan is another remarkable example of the strength of the public-private partnership between the USDA and NAC, and the powerful impact companies like Lynx are having on Americans living and working in rural communities.
Fill out the information below for a free loan review with one of our Loan Specialists. To learn more about USDA Business and Industry Loans, visit our Education Center. Questions? (904) 569-5529
*Be advised, we do NOT lend: USDA Home Loans, Residential Loans, PPP Loans, nor farm/agriculture loans.
