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As low as 1.15%

Services: Oilfield Services Financing

Most oil and gas companies take 30 to 60 days to pay invoices. This delay creates a problem for small and growing oilfield services companies who can’t wait for payment. Most small companies need money sooner to pay for employees, equipment, and other expenses.

Our factoring program solves this problem by financing your slow-paying invoices. This solution provides you with immediate funds to operate your business and grow. For a quote, please fill out this form or call us toll-free at (877) 300 3258.

We work with companies in the US and Canada.

How does factoring work?

We finance invoices in two installments: the advance and the rebate. The advance covers up to 90% of the invoice and is deposited to your account as soon as the invoice is verified.

The rebate covers the remaining funds and is deposited to your account once your oil and gas customer pays the invoice in full on their regular term. The rebate settles the transaction.

For additional details on how a transaction works, read “How Does Factoring Work?

Program benefits

The most important benefit of factoring is that you do not have to wait up to 60 days to get paid by your oil and gas clients. You get immediate funding from us. Additional benefits of factoring include:

  • Allows you to extend credit to existing clients
  • Lets you take on new clients and grow
  • Offers flexible financing that grows with your company
  • Deploys quickly

Affordable costs

Rates range from 1.15% to 3.5% per month and vary based on the size of the line and the creditworthiness of your clients. For an instant cost estimate, fill out a factoring quote form or call us toll-free at (877) 300 3258.

Note: California residents, please read this disclaimer.

Will factoring help my company?

Factoring your receivables can help your oilfield services company if:

  1. Your main problem is that your clients are paying slowly
  2. Your clients have good commercial credit
  3. Your invoices pay in up to 60 days

Easy qualification

Qualifying for factoring is easy and the solution is available to small oilfield services companies.Your company must sell products or services to oil and gas companies that have good commercial credit. This last point is critical. However, thanks to the industry boom, most companies qualify.  

Additionally, your company should be free of:

  1. Liens
  2. Legal problems
  3. Tax problems (or be willing to work out a plan)

Types of companies we can help

We can work with many types of companies in the oil and gas industry, including:

Want to learn more about our solution?

We want you to make an informed decision about working with us. To learn more about invoice factoring, visit our the oil and gas section of our learning center. Popular articles include:

  1. What is Invoice Factoring?
  2. Financing for Companies in the Oil and Gas industry
  3. Financing a Fluid Hauling and Saltwater Disposal Company