CLIENT
A Missouri-based marine contractor with decades of experience in deep-sea diving and underwater construction had built a strong reputation for completing highly specialized underwater projects.
Known for delivering complex and often hazardous work, the company was awarded the opportunity to serve as the prime contractor on a $6M offshore diving project.
CHALLENGE
Prime Contractor Responsibilities Called For More Working Capital
The project involved conducting a subsea excavation of a large offshore grid. As the prime contractor, the company was responsible not only for performing the majority of the work but also for managing subcontracted dive crews, coordinating with the project owner, and overseeing execution from start to finish.
While the project was backed by a strong owner, the contractor needed additional working capital to fund labor, subcontractors, and equipment costs throughout the project lifecycle.
SOLUTION
A $2.2M Revolving Credit Facility Built Around the Project's Payment Cycle
That’s where Mobilization Funding stepped in.
Our team worked with the contractor to build a detailed project cash-flow model and structure a $2.2M revolving credit facility aligned with the project’s payment cycle. The financing provided the liquidity needed to cover labor, subcontractor expenses, and equipment costs while awaiting monthly progress payments.
This project is one of many we’ve financed for the company. Over the course of our relationship, our financing program has helped the contractor pursue larger, more complex opportunities without working capital limiting growth. The company has been able to scale at a high rate while maintaining operational stability and financial flexibility.
RESULTS
Rapid Growth, Sustained by Long-Term Financing Partnership
With access to project financing and a customized cash-flow strategy, the contractor successfully took on a significant milestone by serving as the prime contractor on a complex offshore project.
More importantly, the long-term partnership with Mobilization Funding has provided the capital and confidence needed to sustain rapid growth across multiple projects. Instead of allowing cash-flow constraints to impact execution or limit future opportunities, management has been able to:
✓ Deliver high-quality work with confidence
✓ Coordinate subcontractors without capital strain
✓ Expand into larger, more complex contract
✓ Continue growing the business at a rapid pace
That’s the difference between providing funding and providing a solution
By combining project funding with detailed cash-flow planning, we’ve enabled the company to pursue increasingly larger opportunities, maintain healthy liquidity, and continue expanding its presence in the underwater construction market.
