Invoice factoring is a unique form of financing that businesses depend on for consistent, working cash flow in the oil and gas industry. As owners and operators 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…
Oilfield Factoring: 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…
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. That’s why Oilfield Factoring would like to provide you with the following information…
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. Texas and North Dakota factoring companies then collect payment on these invoices from your customers. Factoring is also known as “accounts receivable financing.” One of the biggest reasons oilfield service…
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…
