Grand View, ID – December 1st, 2014 – Integrity Factoring & Consulting, Inc., one of the leading providers of factoring services in the oilfield service industry, announces the expansion of its presence into the Texas & New Mexico oilfields. The newest addition to the Integrity Oilfield Factoring team is Sarah Stredic, who is a native to the region, and has opened up a factoring office in Midland, TX dedicated to the oil & gas industries. We are excited to bring Sarah on board as she brings a lot to the table for companies working in the oilfield with 10+ years of transportation & oilfield factoring experience. Sarah started working in operations and worked her way into business development, this is huge as she has worked with companies in all areas of the business. Sarah started out with one of the largest transportation factoring companies in the US and transitioned into the oilfield factoring once she moved to Midland. Sarah is very involved with the local Chamber and is their current Secretary of the Chambers M-Squad Ambassadors. Sarah has developed a great understanding of what these oilfield business owners are going through having worked with them over the last few years and having a husband who works full time in the oilfield as well. Unlike most factoring companies that are trying to break into oilfield factoring, Integrity Oilfield Factoring is dedicated to the oilfield factoring where others this is a small piece of their portfolio. “Because of our oilfield expertise we know the importance of having a local representative to be able to meet our customers out at a job site, or their office meeting face to face and shake their hand. Oilfield factoring is very relationship driven unlike transportation factoring which most is done over the phone, in the Oilfield they want to know who you are, that you know their industry and that they can trust you to help their business thrive. Because of this we have opened an office that will also have a local operations team helping service all of our local customers needs!” said Jens Schkade, President.
In addition to oilfield factoring and accounts receivable financing, Integrity provides other value-added services like our Accounts Receivable Back Office Support. With the back office support, Integrity assumes responsibility for back office duties such as credit assessment, invoice training & review (cutting down on errors) and collection, thus freeing up the business owner to focus their valuable time on making money and expanding their business.
“It is great that Integrity Factoring has invested in opening a Midland location with an operations and business development team to support the Texas & New Mexico surrounding areas. Having been in this region for the last 10 years I know how hard it is to pay bills let alone expand with the large oil & gas companies paying in 45 to 90 days. I am excited to be able to help all the oilfield service companies by providing good cash flow plan and the back office support to succeed in the Oilfield. One of the main reasons I chose to work for Integrity is that, in addition to being dedicated to oilfield factoring, they are dedicated to provide a local Accounts Receivable Back Office Support team, something that these growing businesses have a hard time keeping up with, said Sarah Stredic.
“At Integrity we have a good pulse on the oil & gas industry and watching the rig counts going up over the last 12 months in Texas and New Mexico it is apparent that more services companies will be needed to provide services to all these additional rigs. Texas has a long history of oilfield work but with the fracking even the 2nd and 3rd generation companies are feeling the cash flow crunch. From expensive housing or making sure you can pay quickly to get the best employees and subcontractors the Bank Lines are typically not supporting their growth potential, instead they just slow their growth down. This doesn’t work as new and current businesses in this area are having more difficulty in finding qualified workers in their office staff so we felt that an on ground presence was completely necessary, not only to offer financial assistance, but to provide back office support being able to go to their office when needed. These new and growing businesses can immediately get new clients or expand existing relationships, but need time, support and money to streamline the rest of the daily issues they encounter in the course of running their business. Integrity Oilfield Factoring can help them with that need immediately. Sarah and our local operations team will be working close with our clients making it easier to grow their business and provide the owners with a peace of mind so they can take on that additional work and still sleep at night,” added Jens Schkade.
About Integrity Factoring & Consulting Inc.
Integrity Oilfield factoring Services provides factoring services to multiple oilfield & gas service companies including; oilfield transportation, directional drilling, well servicing companies, pipeline construction, gravel haulers, welders, pad set up and break down construction companies, frac service companies, oilfield staffing industry, equipment rental companies, and disposal sites, mud haulers, water haulers and much more.
If you are interested in what Integrity Factoring can offer your business please go to http://www.integrityfactoring.com or call 866-834-7338. For information on oilfield factoring services in Texas, New Mexico and surrounding areas you can reach Sarah Stredic at Sarah@IntegrityFactoring.com or call 432-201-7231 today.