Eclipse Business Capital has closed a $300 million asset-based loan (ABL) credit facility serving the oilfield services industry, the company announced.

The facility adds to the lender's portfolio of asset-based financing directed at energy-sector borrowers. Eclipse Business Capital structures ABL facilities against working-capital assets — receivables, inventory, and equipment — a financing model that oilfield services companies typically use to bridge cash-flow gaps between contract award and payment, and to fund payroll and equipment during drilling-cycle swings.

The borrower and the specific collateral package were not disclosed in the announcement. ABF Journal reported the closing.

For oilfield services firms, ABL capacity remains a key liquidity lever when customers stretch payment terms and activity levels shift with rig counts. Eclipse Business Capital has positioned itself as a lender to middle-market companies across sectors including energy, manufacturing, and distribution.

Watch item: disclosure of the borrowing base composition and any drawdown activity on the facility, which would signal how oilfield services operators are managing working capital through the current drilling cycle.