Among the many impactful factors, the oil and gas industry is heavily dependent on the economic climate. As one of the leading indicators of global economy and relations, it is also one of the mostly closely watched and hotly debated. Knowing where the industry is headed can help businesses make informed decisions about an industry that is historically volatile and forever changing.
Topics: Financing for the Oil and Gas industry, Invoice factoring
The price of oil and gas may continually fluctuate for the consumer or investor, but the job opportunities are plentiful given the fact that oil and gas are essential commodities consumed on a daily basis. For all practical purposes, renewable energy is in its infancy, and while engineers are drawn to the benefits of a career in this field, providing staffing opportunities in the oil and gas sector can be a lucrative endeavor.
Topics: Financing for the Oil and Gas industry, Staffing Industry
Bay View Funding was obviously more than happy to help an oil pipeline contractor who was dissatisfied with the service his company was receiving from their existing accounts receivable financing company. But what prompted the need for change?
Topics: Financing for the Oil and Gas industry, About Invoice Factoring, Financing Government Contractors
Bay View Funding has helped 3 high growth companies, specializing in distribution, janitorial services, and oil field servicing, with their working capital challenges.
Accounts receivable funding continues to provide an excellent answer for companies who simply cannot obtain traditional forms of financing. Proving also, that there are many occasions when collaboration with the bank really can provide a successful outcome.
Liz Castillo, VP, and Regional Sales Manager, for Bay View Funding in the Southern Region, has had an exceptional month, funding in the wholesale, healthcare and oil field markets. Castillo commented that ‘Bay View Funding is in an excellent position to help specialist markets with invoice factoring, where traditional forms of financing have simply not been a viable option. Happily, on many occasions, we are able to work closely, and reciprocate business, with banks to find the right answer for each challenge”
Topics: Cash Flow Solution, Financing for the Oil and Gas industry, Financing Government Contractors, Distribution Financing
Opportunities in the oil and gas sector are set to increase in 2014 – find out how invoice factoring can help your business keep up.
Firstly, what is all the hype about?
According to a recent article in CNN Money, the US is set to overtake Russia as the biggest oil producer outside OPEC during 2014. The reason? There has been a huge investment in the production of shale gas in the US. This increased investment is partly due to new technologies, such as hydraulic fracking, that make the extraction of oil and gas from shale rock commercially viable.
The new processes involving shale oil and gas excavation are driving plenty of business for many companies involved in the oil and gas industry. The International Energy Agency estimates that the US will produce more than 11 billion barrels of oil and natural gas liquids per day in the second quarter of 2014.
Topics: Financing for the Oil and Gas industry, About Invoice Factoring, Financing Government Contractors
Are you an oilfield goods or services contractor looking for faster payment on your accounts receivables? A specialist-factoring company, who understands the issues of your specific industry, can help to find an answer.
There is a buzz about factoring companies who specialize in certain industries. Invoice financing companies who offer industry solutions do so because they understand the process and have experience in specialist fields.
If you supply products or services to the oil and gas industry you will already know some of the issues you face when it comes to invoice collection. Similar to the government space, oil and gas customers are generally extremely reliable about payment, and have excellent commercial credit, but often require that their suppliers extend their invoice payment terms to 30 days at the minimum, but up to 60 or even 90 days.
Topics: Financing for the Oil and Gas industry, About Invoice Factoring, Financing Government Contractors
