Lance Gleich of LG Drilling was eager to expand his business in neighboring Colorado markets, where waiting lists for well drilling can be as long as nine months. But expansion meant purchasing specialized equipment, and he didn’t have the collateral in order to obtain a full loan from his longtime bank. Lance’s lender reached out to MoFi, and we came in as a partner on the loan to help him purchase the equipment he needed and expand his business.
LG Drilling is the first small business in Wyoming to use MoFi’s commercial lending. We look forward to working with lenders and entrepreneurs throughout the Cowboy State and making sure that small business owners have access to flexible, responsible capital when they need it. If you have questions about our lending, get in touch.