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…
North Dakota Factoring Companies You’ve made a smart decision for your oilfield business by factoring your accounts receivable. If a North Dakota factoring company has accepted your application you may be wondering how to best use the funding you’ve received. Smart use of your new funds can mean the difference between getting all the…
In the Oilfield industry, cash flow is an important factor that keeps businesses afloat. However, if you find yourself struggling to pay invoices, purchase equipment, and grow your business without adequate cash, it’s important not to throw in the towel. Cash flow problems happen to the best of us. Instead, you can achieve peace of…
For those trying to run an oilfield service company, there will be many points along your journey where you will have to address cash flow problems. At Oilfield Factoring, we have funded hundreds of millions of dollars in invoices for our clients. From water haulers to frac sand trucks, pipe welders to roustabouts, we understand…
