Since 2007 Oilfield Factoring has been offering oil and gas service companies with an alternative to conventional bank financing. Since many of these institutions require strict terms and excellent credit, we’ve stepped up, funding hundreds of millions of dollars in invoices for our oil and gas clients from water haulers to fac sand trucks to…
Invoice factoring is a unique form of financing that businesses depend on for consistent, working cash flow in the oil and gas industry. As owners and operators explore this option, they often wonder if they qualify for invoice factoring services. That’s why Oilfield Factoring would like to provide you with some standard information concerning the…
Service companies in the oilfield industry need money to operate. From payroll to supplies to daily business expenses, having cash on hand is extremely necessary. However, consistent cash flow can be tricky when you have clients with extended payment terms. That’s why Oilfield Factoring would like to provide you with the following financing options for…
Most subcontractors in the oilfield industry have enjoyed and taken advantage of steady workflow over the past few years. However, it can be hard to have to wait 30-60 days for payment from your customers. This creates a unique challenge for subcontractors, who don’t have the time and resources to wait that long to get…
Over the past decade, the oilfield industry has grown tremendously. In turn, this growth has increased the demand for oilfield service companies like water haulers, mud haulers, gravel haulers, pipe haulers, and more. However, this increase in demand has brought with it certain problems for companies who aren’t financially prepared to manage the necessary cash…
Oilfield Factoring: Over the past decade, the oil and gas industry has rapidly grown. In fact, many individuals are capitalizing on this opportunity by starting new service businesses such as water haulers, equipment haulers, roustabouts, welders, and more. However, starting and growing a new business in the oilfield industry isn’t easy. While many individuals have…
No matter what industry you’re in, a company needs cash to operate. Cash is what powers business operations. Invoice factoring for oilfield contractors is a financial option used by many in the service industry to keep their company running at full potential. That’s why Oilfield Factoring would like to provide you with the following information…
Oilfield Factoring The oilfield industry is a booming nationwide. Whether your a service company that operates in Texas or North Dakota, you may be working hard to get the equipment you need to meet rising demands. Things like trucks, pumps, sprayers, welding equipment, and other assets can cost hundreds of thousands of dollars. That’s why…
Oilfield factoring is a financial transaction in which water haulers, rig movers, hotshots, roustabouts, welders, and more sell their invoices to a third-party factoring company. Texas and North Dakota factoring companies then collect payment on these invoices from your customers. Factoring is also known as “accounts receivable financing.” One of the biggest reasons oilfield service…
Oilfield Factoring Many experienced oilfield workers have the dream of running their own service company. While starting a new business can be an exciting venture, it can also be very difficult. There are a wide variety of challenges that require plenty of preparation and planning ahead. That’s why Oilfield Factoring would like to provide you…
