When oilfield contractors get paid late, everything grinds to a halt. Crews can’t get paid, equipment sits idle, and bidding on new work becomes risky at best. It’s a harsh reality in the oil and gas world—clients often take thirty to ninety days to pay, while your expenses don’t wait a single day. That’s where…
When oilfield contractors get paid late, everything grinds to a halt. Crews can’t get paid, equipment sits idle, and bidding on new work becomes risky at best. It’s a harsh reality in the oil and gas world—clients often take thirty to ninety days to pay, while your expenses don’t wait a single day. That’s where…
Factoring, like any other aspect of business and finance, must move with the times. Technology brings advances in the oil and gas industries themselves, but also in the financial services that fuel them. With this in mind, what is the future of oilfield factoring? Let’s look at some of the current trends and new developments…
Oil and gas companies operate in an environment where financial challenges are regular and often inevitable. These businesses need an easy solution that they can turn to during those moments when cash flow becomes constrained. Oil and gas factoring is the exact solution they need. It is a financial strategy that offers immediate liquidity without…
When your oil and gas business experiences cash flow problems, you have two possible solutions: you can either apply for a loan from your bank, or you can factor your accounts receivables. There are benefits and drawbacks to both options, and the one you choose depends on your unique circumstances. Let’s consider the pros and…
Since 2007 Oilfield Factoring has been providing oil and gas service companies with an alternative to conventional bank financing. Many banking institutions are not able to qualify clients for the essential funding they need to operate their business. Their strict terms and rigorous credit requirements cause many oilfield service companies to look elsewhere for the…
Invoice factoring is a unique form of financing that businesses depend on for consistent, working cash flow in the oil and gas industry. As company owners explore this option, they often wonder if they qualify for invoice factoring services. That’s why Oilfield Factoring would like to provide you with some standard information concerning the elements…
Service companies in the oilfield industry need money to operate. From payroll to supplies to daily business expenses, having cash on hand is extremely necessary. However, consistent cash flow can be tricky when you have clients with extended payment terms. That’s why Oilfield Factoring would like to provide you with the following financing options for…
Most subcontractors in the oilfield industry have enjoyed and taken advantage of steady workflow over the past few years. However, it can be hard to have to wait 30-60 days for payment from your customers. This creates a unique challenge for subcontractors, who don’t have the time and resources to wait that long to get…
Over the past decade, the oilfield industry has grown tremendously. In turn, this growth has increased the demand for oilfield service companies like water haulers, mud haulers, gravel haulers, pipe haulers, and more. However, this increase in demand has brought with it certain problems for companies who aren’t financially prepared to manage the necessary cash…
