GET PAID FOR YOUR
Growing your business has never been this easy.
Select the Right Factoring Partner
It is important that you partner with an oilfield factoring company who understands the unique challenges of the oil & gas industry. We have spent almost two decades earning hard-won expertise in the oil patch, which we use to benefit our clients every day. Oilfield Factoring has funded hundreds of millions of dollars in invoices for our oil & gas clients, from water haulers to frac sand trucks, pipe welders to roustabouts, and we know we have an oilfield factoring program that will fit your needs and help you succeed in any business environment.
OUR CORE
Streamlined Operations
We seamlessly integrate with most O&G 3rd party invoicing software; including Open, ADP, Oildex, Cortex, Omni Dispatch, and more. Our billing and payments processes reduce administrative burdens and frees up valuable resources
Value Customer Relationships
We understand how difficult it is to get an MSA, and what that means for your business. We know we are acting as an extension of your company, and you are trusting us with the responsibility of collecting your invoices and communicating with your customers. As such, we are extremely professional, considerate, and understand your industry.
Industry Experience
We have done business with clients in Eagle Ford, Bakken, Permian Basin, Utica, and other expanding oil and gas regions for almost two decades.
Build Your Reputation
We help you honor commitments you’ve made by providing the funds you need to complete the job.
Expansion Opportunities
Partnering with Oilfield Factoring allows you to gain access to immediate cash, and provides you with a growth strategy that keeps pace with your ambitions. Stay ahead of the competition by factoring your invoices to keep your operations running smoothly and ensuring your business’ long-term viability.
Dedicated Customer Service
We want to earn your business and see you flourish out in the field. We pride ourselves on excellent customer service. As such, our team will go the extra mile to take care of you. Please give us a call we will design a program custom-tailored to your needs.
How Businesses Benefit From Oilfield Factoring
Factoring your oil and gas invoices increases your cash flow. This much needed working capital provides the freedom to operate and grow your business. Factoring evolves with your financing needs, increasing your credit limits as the work increases. Giving you the confidence to expand your operations while keeping all your immediate expenses paid. Fuel, parts, insurance, labor, and many other expenses can’t wait for your customers payment terms of 60-90 days.
Another benefit of factoring is risk mitigation. Extending credit to customers involves underwriting skills and accurate information. Our team can help identify potential risks against late payments and non-payment from customers, protecting you from the financial pitfalls that can accompany defaults or delayed payments. With a professional factoring partner handling the billing, collections, and payment processing, you can focus on your core operations. This reduces administrative burdens, allowing companies to allocate resources strategically, and operate at their best.
The application process is designed to be simple and quick. Most businesses qualify for oilfield factoring if they have credit worthy debtors, no liens on their A/R, and no pre-billing or progress billing. Apply below to get started. Our average turn-around time is two business days.