Energy, Gas and Oilfield Factoring – Low Fees, Fast Advances
Working with us doesn’t cost you more, but it could help you get a factoring agreement that’s tailored to your business needs. We offer energy, gas and oilfield invoice factoring with:
- Low fees and high advances
- Fast funding on factored oil field invoices
- No minimums – factor only when you choose
- No long term contracts – stay in control and do what’s best for your business
- Credit checks on your customers
- Non-recourse oilfield factoring for reduced financial risk from bad debt
- No application fees, notification fees, or any other hidden fees
- Choice of retaining control of invoicing or tasking it to the factoring company
Time spent waiting for customers to pay equates to time lost. Oilfield factoring solves cash flow challenges for oil and gas industry companies and contractors, by giving them immediate access to the working capital tied up in unpaid customer invoices.
Access to working capital is often the only obstacle standing in the way of faster growth and profitability. Invoice factoring is a common financing tool used by professionals in the fast-paced, super-competitive oil and gas industry in order to gain immediate access to working capital needed to sustain and grow a business.
Use Oilfield Financing to Free Up Working Capital
Oilfield invoice factoring can provide you with immediate access to working capital that is currently locked down in customer receivables. Instead of waiting weeks – or months – for your customers to pay, when you factor invoices you can get your money on the same day you generate a customer invoice.
You can leverage this capital in order to solve cash flow challenges common to oil field services and contractors or free up money that could enable you to take on new or bigger clients, fulfill larger orders, reduce operating expenses and meet business expenses more readily.
The types of oil field services that often factor invoices with us include: water haulers – roughneck crews – welding and fabrication – torque and testing equipment – riggers – swampers – frac tank builders – heavy haulers – hot-shot delivery – roustabouts – crane operators – oilfield safety services – security services – excavators – equipment installation – service and maintenance – fencing companies – and other oil and gas industry companies.