Get Invoice Factoring Oilfield Funding for Your Oil and Gas Business

Invoice factoring can be a game-changer for oil and gas businesses struggling with cash flow. By providing immediate access to funds, invoice factoring can help bridge the gap between invoicing customers and receiving payment.

Oilfield companies often face unique challenges, such as delayed payment from customers and fluctuating fuel prices. This can lead to difficulties in meeting operational costs and paying employees on time.

Invoice factoring oilfield funding allows businesses to convert outstanding invoices into immediate cash, helping to alleviate these financial pressures. This can be especially helpful for companies with large, long-term contracts.

By securing a steady flow of funds, oil and gas businesses can focus on their core operations, such as exploration, extraction, and production.

A different take: Factoring Company

Accounts receivable financing can be a game-changer for oilfield companies struggling with cash flow.

Standard pay terms in the oil and gas industry are between 30 and 90 days, leading to a "Cash Flow Crunch" that can be debilitating for businesses.

Invoice factoring is an immediate way to get the cash you need to accelerate your business's growth and profits without needing to take out a loan.

This type of financing allows you to receive funds upfront, helping you avoid the pitfalls of bad debt and freeing up time and resources to focus on core business operations.

Factoring can provide the immediate cash needed to stay competitive in the demanding oil and gas industry.

Oilfield service providers often face long payment cycles from clients, and factoring allows them to receive immediate funds by selling their unpaid invoices at a discount.

By using factoring, companies can alleviate different types of financial issues, including slow-paying customers, extended payment terms, and having to turn away orders due to lack of funds.

Factoring is an excellent alternative for businesses looking to alleviate financial issues and can be used by companies in the oil and gas industry to manage cash flow challenges and grow their business without the limitations of traditional bank loans.

With factoring, companies can receive cash quickly, often within 24 hours, facilitating seamless business continuity even in the face of long payment cycles common in the industry.

Oilfield service providers can take advantage of invoice factoring to alleviate financial issues. Invoice factoring is an excellent alternative for those businesses looking to alleviate different types of financial issues.

Providers such as sandblasters, roustabout services, and well servicing can benefit from invoice factoring. These services often face long payment cycles from clients, making it hard to maintain a steady cash flow.

Oilfield service providers can use invoice factoring to receive immediate funds by selling their unpaid invoices at a discount. This type of financial service is available to oil and gas exploration service providers and field equipment suppliers.

Here are some of the services that can take advantage of our financing programs:

Providers in the oilfield industry often face unique financial challenges. These challenges can be alleviated with the right financing options.

Slow-paying customers and extended payment terms are common issues in the oilfield industry. This can lead to cash flow problems, making it difficult for companies to pay employees, cover research and development costs, or purchase equipment.

The types of oilfield service providers that can benefit from invoice factoring include:

Some common scenarios where oilfield providers may benefit from invoice factoring include:

These scenarios can be avoided with the right financing options, such as invoice factoring.

Oilfield service providers can breathe a sigh of relief with invoice factoring, a financing solution that keeps cash flowing. Long payment terms are common in the oil and gas industry, making it hard for providers to keep a steady cash flow.

Sandblasters, roustabout services, and well servicing are just a few of the many types of oilfield service providers that can benefit from invoice factoring.

Invoice factoring is an excellent alternative for businesses experiencing financial issues due to slow-paying customers or extended payment terms.

Customers often ask for payment terms that oilfield service providers can't afford, leading to cash flow problems. With invoice factoring, these issues can be alleviated.

Oilfield service providers who have to turn away orders due to lack of funds can use invoice factoring to receive immediate cash flow.

Oilfield service providers can tap into their receivables asset for immediate cash flow, allowing them to take on new customers and grow their business.

Here are some examples of oilfield service providers that can benefit from invoice factoring:

Oilfield service providers can receive immediate cash flow by selling their unpaid invoices to a factoring company at a discount.

Qualifying for oilfield factoring is easy, even if you're a relatively new business or have less than great credit.

Approval is based on the creditworthiness of your customers, since they're the ones liable for invoice payment.

This means if you have less than perfect credit, you can still get approved for invoice factoring, unlike a traditional financing option.

You can determine if factoring will help your business by asking yourself a few questions, such as whether your financial problems are arising from slow-paying customers or extended payment terms.

If finding a way to obtain these payments sooner would eliminate most of your financial problems, factoring is the solution.

Oilfield providers experiencing financial issues such as slow-paying customers, extended payment terms, or having to turn away orders due to lack of funds can take advantage of financing programs like invoice factoring.

If you're currently facing these challenges, it's essential to explore alternative financing options to alleviate your financial burdens.

We offer factoring services to small and large oil service companies with as little as $10,000 a month in sales volume and up to $10 million in receivable assets.

You can easily tap into your receivables asset for immediate cash flow, making it easier to offer credit terms to new and larger customers at an affordable cost.

We'll advance you up to 95% of the value of your oil and gas receivables within 24 hours, giving you the cash flow you need to grow your business.

Our oilfield factoring company collects payment from your customers and holds the remaining amount in a reserve account until the invoice is paid, minus a small fee for our services.

You can start submitting invoices right away and receive a cash advance within 24 hours once approved. This is because the factoring company will verify the invoices and advance you up to 95% of their value.

The oilfield invoice factoring process is straightforward: you provide your service or product to your customers, bill them as usual, and then submit your invoices to a factoring company. This process allows you to tap into your receivables asset for immediate cash flow.

You can submit as many invoices as you'd like for work that's already been completed, and the factoring company will handle the verification and advance process. This means you can take advantage of early pay discounts offered by your suppliers and buy larger quantities with additional discounts.

Here's a step-by-step overview of the process:

You can use factoring to fund a wide range of expenses, from payroll for employees to equipment purchases and transportation costs.

Payroll for engineers, installers, movers, laborers, and more can be covered with invoice factoring. This includes paying for employees who work on a contractual basis.

Equipment purchases, such as buying sand, gravel, water, or rock, can also be funded through factoring. Additionally, you can use factoring to pay for permits, licenses, or regulatory matters.

Cleanup, maintenance, or repairs can be covered with factoring, helping you keep your operations running smoothly. Subcontractors' costs can also be funded through factoring.

Factoring can be used for new initiatives or growing your business, such as offering more generous credit terms to customers or more competitive rates on financing. This can help you augment your cash flow and stay competitive in the market.

Here are some examples of businesses that benefit from factoring: