OILFIELD FACTORING COMPANIES
Oil and Gas Factoring Services
Naturally, as an up and coming oil and gas business, you would like to expand into new markets and take on large projects. Slow-paying clients are normal for the oilfield industry, which can pose challenges when you’re trying to come up with financing to start new contracts.
Invoice factoring, or accounts receivable factoring, is the best way for small businesses to get the money they need to grow. Put an end to the waiting game and cash in on your outstanding invoices—oil and gas factoring companies buy your invoices and provide you with an instant cash advance.
Our marketplace features plenty of factoring companies that are knowledgeable in the oil and gas industry. So, don’t waste your time searching for the best factoring company when we already have the answer for you.
How Can Your Company Benefit from Oilfield Factoring?
Slow-payers are common in the oil and gas business. Invoice factoring ensures your company receives payment instantly and eliminates the 30+ day wait to get paid.
- Same day funding
- High advance rates and low fees
- Unlimited funding (the more invoices, the more financing opportunities)
- Working capital to bid on lucrative contracts
- Funds to cover payroll and increase staff as needed
- Cash flow to cover new equipment costs, maintenance, research & development
- Fast approval and no long term commitment required
Factoring for All Types of Oilfield Services
Invoice factoring helps oilfield and gas businesses that are just starting out and ones that have been in operation for years. Poor credit (or lack of credit) won’t impact your ability to factor invoices. Factoring approval is based on the strength of your clients since they are responsible for invoice payment. We work with oilfield contractors, suppliers and vendors in construction, transportation, production and exploration.
- Oilfield Contractors
- Rig Movers
- Flowback Testers
- Inspection Services
- Tank Cleaners
- Mud and Water Haulers
- Vacuum Trucks
- Pipe Haulers
- Salt Removal
- Frac Sand Haulers
- Gravel Haulers
- Site Building
- Exploration Services
- Pipeline Construction
- Site Preparation
How It Works
Stop waiting and start factoring oilfield invoices. Here’s how the factoring process works for oil and gas companies.
Oil and Gas Funding FAQs
Have more questions? Get them all answered from the Factoring Marketplace FAQ page.
Q:I’m just starting up and landed my first project, can I factor?
A: Absolutely! As long as you’re billing a creditworthy customer, you’ll be able to factor.
Q: Are there limitations on how to use the funds?
A: Use for any oil and gas business expense you need. Whether it be for payroll, permits or overhead expenses, oil and gas factoring companies can supply you with the funds necessary to manage your day-today business expenses.
Q: Do I need to factor all oil and gas invoices?
A: You aren’t required to factor every project. Certain clients may pay promptly, eliminating the need for factoring. That’s okay. Factor when you need to.
There are few oil and gas companies in the U.S., but the small number of competitors doesn’t make the competition any easier. When you are waiting over 90 days to get paid, it makes jobs difficult to carry out. Allowing us to partner you one of our factoring companies for oil and gas opens up working capital to grow your business and take on new projects. Good or bad credit, we’ve got your oil and gas business covered.
Oil and gas factoring experts, at your service. (855) 465-8870