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We work with the top oil & gas companies

We have factored millions with almost every oil and gas company for oilfield services providers in every adjacent service sector, and even loosely adjacent from downhole operations and city builds to international transportation and equipment.

Types of factoring opportunities

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$75M/mo available

Our back office, team and funding source is capable of factoring up to $75M a month against the top oil & gas companies, including :

uPLOAD INVOICE HERE TO GET FACTORING

Technology is our world

"If you can dream it we can do it!"

Research

Optimization of downhole processes to site selection and income profitability. We are here to serve.

Design

Our technology team, alongside some of the best oil & gas leaders, make for a very interesting Christmas party but an even more exciting team.

Patents & Products

Combining technology with old-school field knowledge creates some very promising intellectual property and patents.

Operations

Leveraging technology with operations can not only create a safer work environment, and reduce risk it can be friendly enough for a greenhand.

INNOVATION & EXPLORATION

The future is bright for those who can create a geekhand culture.

Spirit of old oil & gas drives us

Got Questions: 972-800-6670

We believe in old school relationships, and a man's handshake is worth more than a piece of paper. The lawyers disagree many times, but the spirit of success drives every deal.

Best Factoring Company for Trucking Companies

Top 25 Reasons Oilfield Service and Trucking Companies Should Factor InvoicesFactoring invoices is a financial strategy where companies sell their accounts receivable (unpaid invoices) to a factoring company at a discount in exchange for immediate cash. This is especially beneficial for oilfield service and trucking companies, which operate in industries marked by high costs, fluctuating revenue, and extended payment terms. Here are 25 compelling reasons why these companies should consider factoring invoices:1. Improve Cash Flow
Factoring provides immediate cash, ensuring consistent cash flow to cover day-to-day expenses such as fuel, payroll, and equipment maintenance.
2. Cover Long Payment CyclesMany clients in the oilfield and trucking sectors have payment terms of 30, 60, or even 90 days. Factoring bridges the gap, reducing financial strain.
3. Handle High Operating CostsBoth industries face significant upfront costs for equipment, fuel, and repairs. Factoring provides funds to cover these expenses promptly.
4. Fund Rapid ExpansionWhen companies grow quickly, they often face cash shortages. Factoring helps fund expansion without taking on debt.
5. Avoid Taking on DebtFactoring is not a loan, so it doesn’t add debt to the company’s balance sheet, preserving financial stability.
6. Pay Employees on TimeOilfield service and trucking companies need to maintain reliable payrolls to retain skilled workers. Factoring ensures timely payments.
7. Purchase EquipmentFactoring provides immediate funds for purchasing or leasing specialized equipment critical for operations.
8. Maintain FleetTrucking companies must keep their fleets in top condition. Factoring ensures there’s cash available for regular maintenance and repairs.
9. Take Advantage of DiscountsImmediate cash allows companies to capitalize on supplier discounts for early payments or bulk purchases.
10. Handle Seasonal Revenue FluctuationsBoth industries often experience seasonal demand changes. Factoring smooths out cash flow during slower periods.
11. Avoid Late Payment PenaltiesWith factoring, companies can pay their bills on time, avoiding penalties and maintaining good relationships with vendors.
12. Respond to Emergency RepairsQuick cash access is critical for emergency equipment repairs that could otherwise halt operations.
13. Reduce Administrative BurdenFactoring companies often handle collections, freeing up internal resources to focus on operations.
14. Support StartupsFactoring can help newer companies lacking credit history or collateral, providing necessary working capital.
15. Improve CreditworthinessWith consistent cash flow, companies can pay debts and obligations on time, improving their credit profile.
16. Fuel PurchasesFor trucking companies, fuel costs are one of the largest expenses. Factoring ensures funds are available for consistent fuel purchases.
17. Fund Bid OpportunitiesOilfield service companies can use factoring to fund upfront costs for new project bids or contracts.
18. Mitigate Client Payment DelaysFactoring offsets the risk of delayed payments, which is common in these industries.
19. Expand Customer BaseCompanies can take on larger or more customers with confidence, knowing factoring will keep cash flow stable.
20. Leverage Flexible FinancingFactoring scales with revenue; as invoices increase, so does the available funding, providing flexibility as the business grows.
21. Avoid Credit Card InterestInstead of relying on high-interest credit cards for cash needs, factoring provides a cost-effective alternative.
22. Stay CompetitiveStable cash flow enables companies to invest in advanced technology, training, and customer service, staying ahead of competitors.
23. Manage Fuel Price VolatilityFluctuating fuel prices can strain budgets. Factoring ensures trucking companies have the funds to weather price spikes.
24. Focus on Core OperationsOutsourcing collections to a factoring company lets management concentrate on core operations rather than chasing payments.
25. Enhance Business StabilityFactoring reduces financial stress, ensuring the company can operate smoothly and sustainably, even during challenging periods.
ConclusionFactoring invoices is a powerful financial tool for oilfield service and trucking companies. It helps manage cash flow, fund operations, and ensure financial stability without taking on additional debt. By leveraging factoring, these companies can focus on growth, customer satisfaction, and maintaining their competitive edge in demanding industries.

Oilfield Service List

1. Drilling Contractors
Provide drilling services for oil and gas wells.
Require factoring to cover the high costs of labor, equipment, and maintenance while waiting for client payments.
2. Fracking and Hydraulic Stimulation CompaniesPerform hydraulic fracturing to extract oil and gas.
Use factoring to manage the costs of water, sand, chemicals, and specialized equipment.
3. Rig and Equipment Maintenance ProvidersOffer repair and maintenance services for drilling rigs and heavy machinery.
Benefit from factoring to cover parts, tools, and technician salaries.
4. Hauling and Transport ServicesTransport crude oil, equipment, and materials like sand and chemicals to and from well sites.
Rely on factoring to manage fuel, vehicle maintenance, and driver payroll.
5. Pipeline Construction and Maintenance CompaniesBuild and maintain pipelines for transporting oil and gas.
Factor invoices to handle material costs, specialized labor, and extended project timelines.
6. Environmental and Waste Management ServicesHandle the disposal of drilling waste, wastewater, and contaminated materials.
Use factoring to fund compliance, specialized equipment, and labor costs.
7. Mud Logging and Geology ServicesProvide analysis and monitoring of drilling fluid returns to assess well conditions.
Use factoring to maintain advanced analytical equipment and trained personnel.
8. Wireline ServicesPerform downhole interventions using specialized cables and tools.
Rely on factoring to offset the costs of high-tech equipment and expertise.
9. Well Completion ServicesHandle the final stages of well preparation for production, including casing and cementing.
Factor invoices to manage costs associated with materials, logistics, and highly skilled workers.
10. Oilfield Equipment Rental CompaniesRent out specialized tools, machinery, and vehicles for exploration and drilling.
Use factoring to maintain inventory and offset payment delays from clients.
11. Safety and Compliance ServicesProvide safety training, inspections, and regulatory compliance services.
Factor invoices to fund ongoing training programs, certifications, and equipment.
12. Offshore Support ServicesOffer vessels, diving support, and maintenance services for offshore rigs.
Use factoring to address the high costs of maritime logistics and crew salaries.
13. Flowback and Well Testing ServicesTest well output during completion stages to optimize production.
Use factoring to maintain testing equipment and cover field crew expenses.
14. Seismic Survey and Exploration CompaniesConduct surveys to locate oil and gas deposits.
Benefit from factoring to cover the costs of geophysical equipment and data analysis.
15. Hot Shot TruckingProvide expedited delivery of urgent equipment and parts to remote well sites.
Factor invoices to maintain cash flow for fuel, vehicle maintenance, and driver salaries.
16. Construction and Site Preparation ServicesClear land, build access roads, and prepare sites for drilling.
Factor invoices to manage the costs of heavy machinery, labor, and materials.
17. Tank Cleaning and Maintenance ServicesClean storage tanks and pipelines to maintain operational efficiency.

Cash Flow is King in every business having the right invoice advancing partner is critical for success.

Work together for success

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