How Oilfield Factoring Works
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…
