ALBANY, August 13, 2013 – Prime Commercial Lending announced today that it has closed on a $5 million commercial revolving loan facility for Ajax Companies, a Homer, NY company serving the energy industry.
“We are delighted that we were able to provide the working capital that growing companies like Ajax need, but cannot find through local banking sources,” said Kris Roglieri, President and CEO of Prime Commercial Lending. “Our experience working with rapidly-growing companies, especially those serving the burgeoning energy industry enabled us to find the right structure and terms for Ajax’s specific needs and provide the capital to support their growth plans.”
Ajax was founded in 2010 to provide integrated consulting, energy services and water management to the oil and natural gas industries. The company has operations in eight states and employees more than 200 people.