Long collection cycles can really put a strain on your working capital. Oilfield factoring can certainly alleviate the problem. Why borrow money from the bank when you have a healthy number of invoices that have not yet been paid. Using a factor will provide instant access to your money to improve your cash flow.
No matter what services you are providing to the oil and gas industry, and there are many specialties; roustabouts; water hauling; welding; production; equipment service; and fracking operations, to name a few, the market is continuing to grow. Take advantage of alternative financing to keep your production at capacity without incurring debt:
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*rates subject to change