If your business in the oill 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 factoring and we have helped hundreds of oil and gas industry companies achieve revenue goals.
Factoringfast knows you are busy woring 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 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 have provided factoring services for oilfield services 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.
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.
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: