Seasonal downtime is a challenge nearly every oilfield service company faces, whether it’s due to harsh weather, road bans, or slow client demand. When revenue slows but operating costs stay constant, oilfield cash flow becomes one of the most critical factors in staying afloat. This guide outlines strategies for preparing, adapting to, and maintaining stability…
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…
Often used by those in search of oilfield subcontractor financing and small-to-midsized oilfield services businesses that need to accelerate or stabilize cash flow, invoice factoring is a unique form of funding that is more accessible than traditional financing options. Approval is fast and easy, but many who have not gone through the process yet often…
Over the past decade, the oil and gas industry has rapidly grown. In fact, many individuals are capitalizing on this opportunity by starting new service businesses such as water haulers, equipment haulers, roustabouts, welders, and more. However, starting and growing a new business in the oilfield industry isn’t easy. While many individuals have the technical…
No matter what industry you’re in, a company needs cash to operate. Cash is what powers business operations. Invoice factoring for oilfield contractors is a financial option used by many in the service industry to keep their company running at full potential. In this guide, we’ll explore how invoice factoring can help contractors in the…
Oilfield factoring is a financial transaction in which water haulers, rig movers, hotshots, roustabouts, welders, and more sell their invoices to a third-party factoring company, also known as a factor. The factor then collects payment on these invoices from your customers. Factoring is also known as “accounts receivable financing.” While you’ll find factors throughout the…
Oilfield Factoring Many experienced oilfield workers have the dream of running their own service company. While starting a new business can be an exciting venture, it can also be very difficult. There are a wide variety of challenges that require plenty of preparation and planning ahead. That’s why Oilfield Factoring would like to provide you…
Oilfield Factoring Over the past five years, the domestic oil industry has steadily increased since the 2014-2015 oil slump. In fact, there are hundreds of new oil and gas rigs operating in Texas and North Dakota. What does this mean? It means that the future looks a lot brighter for oil and gas service companies…
Oilfield Factoring Benefits Any welding service company can tell you that everything in the oilfield moves fast. Everything, except payment cycles. Oilfield welding service companies in Texas or North Dakota often wait as long as 60-90 days before they receive payments from their customers. That length of time can make it nearly impossible to manage…
