Factoring and financing options for oilfield services companies are effective for managing cash flow, especially when dealing with unpaid invoices. Through invoice factoring, companies in the oilfield services industry can operate confidently, as it guarantees a consistent cash inflow from the invoices they factor.
Suppose you are extending credit to your customers for periods of up to 90 days or longer and are not using progress billing. In that case, factoring can provide significant benefits aimed at resolving cash flow issues that arise from unpaid invoices.
BENEFITS
- Advances up to 100%
- Non-recourse option
- As low as 2% flat fee
- Low Fixed Fees
- Same Day Funding
- No Contract Period
- Credit & Collections
- Online Monitoring
LOW FIXED FEES
Pricing is based on a flat, discounted fee. There are never any additional fees, hidden charges, or graduating penalties for slow-paying accounts.
SAME DAY FUNDING
Receive cash daily for invoices. Working capital is directly related to operational expenses.
NO CONTRACT PERIOD
No long-term contract is required.
CREDIT & COLLECTIONS
Through the online portal, you can generate aging reports, review account balances, access credit limits, verify payment information, track collections, and more - all with complete security.
ONLINE MONITORING
The powerful software continually monitors the status of your A/R, giving you and your customers real-time, 24-hour access to your accounts.
PEACE OF MIND
This oilfield factoring product is funded by a strategic partner that specializes in A/R Funding for companies in the Oilfield Industry, and with more than 100 years of collective AR experience, it offers peace of mind with the knowledge that clients will be working with a funding partner that will be there for them constantly.
We work with most companies servicing the oilfield industry, including:
- Distribution and manufacturing
- Drilling
- Drill rigs and lift companies
- Equipment suppliers/vendors
- Geophysical
- Mapping companies
- Oil and gas pipeline construction and inspection companies
- Seismic surveyors
- Site preparation companies
- Surveying companies
- Suppliers of wellheads and production tools
- Vendors of valves, pumps, and pipes
- Plus other oil and gas services companies
Work with a team that specializes in companies servicing the oilfield industry. For more information, please submit this short form.
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