Oilfield and Gas Services Factoring
If your business in the oil and gas services industry we have a cash flow solution. We provide immediate cash for invoices for oilfield contractors, oilfield drilling services, oilfield haulers, welders, and pipeline field services. We can help you grow by using this process called invoice factoring and we have helped hundreds of oil and gas industry companies achieve revenue goals. Oilfield invoice factoring is a game changer for many new and growing oilfield and gas services businesses.
Factoringfast knows you are busy working in the fields so you will not find us asking for all kinds of paper work that we do not need. In most cases we do not require any tax returns or business financial statements for oilfield invoice factoring transactions under $2,000,000. All we need is to make sure your customers have reasonable credit so we can provide funding on your invoices. If your dealing with a factoring company that is asking for numerous documents like a bank then it is likely you need to give us a call at 1.888.897.5470 before you waste a week sending them paperwork and files that are not really needed. We will never ask you for documents we do not need and often we can start factoring your invoices within 2 days of contacting us.
We offer oilfield invoice factoring services for companies in North Dakota, the Montana Bakkan oil region, Texas, Wyoming, Ohio, Pennsylvania, Utah and understand the unique needs of funding in the oilfield and gas services industry.
Once you begin factoring invoices, you do not need to wait for 30, 60, or 90 days to get paid. Invoice factoring gets rid of that unpredictable flow of cash, and you no longer need in-house credit control as we can help safeguard your company against poor debts by using our free credit checking system.
Oilfield Invoice Factoring Benefits
Extended payment terms in the oil and gas industry can cause accounts receivables to balloon causing a cash flow issue for smaller companies. Often the solution is converting these receivables to cash. Why not stop waiting 30 to 60 days to get paid? Often you can stop waiting for your cash for as little as 2% or less, cheaper than many quick pay programs. Oilfield invoice factoring will get you funds for your invoices in one day or less.
We serve all the oilfield locations in the United States including Midland, Odessa, and Bring Spring areas of Texas.
Oil and Gas Field Services Factoring
Oilfield invoice factoring is a simple tool used by rapidly growing oil and gas field services companies. Let factoringfast get your cash flowing quickly again by calling our filling out our quick factoring quote form.
These are some of the Oil & Gas industries we have funded:
- Roustabout
- Welding
- Fence Installation
- Rig Cleaning
- Trenching
- Well Cleaning
- Location Cleaning
- Sandblasting
- Salt Removal
- Hauling
We can also factor invoices for other oilfield services. If your customers are in the oil and gas business we likely already know them and can provide funding even if other factoring companies told you they cannot approve your customer.
Why not spend more time doing what you do best? Oilfield invoice factoring can allow business owners to focus more time on building the business and making customers want to use your services more. Stop managing the mail box looking for payments and give us a call today.
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