What is Oilfield and Gas Factoring?
Invoice factoring, also known as accounts receivable financing or invoice financing, is simply another form of business funding or asset-based lending with rates ranging from 1%–4%. Accounts receivable factoring from Oil Capital is designed for Oil and Gas companies that want to improve their cash flow position by accessing working capital today instead of waiting to get paid 30, 60 or 90 days by their customers.
Oil Capital offers cash-flow financing to help your Oil and Gas business grow, providing you with new opportunities. Oil Capital’s financial services can assist you in expanding your business or meeting day-to-day expenses through its Oil factoring funding services.
Let’s watch this short video to answer the questions: What is Oilfield factoring and how can Oilfield invoice financing help your Oil and Gas business grow?
The Basics of Factoring
Invoice factoring is rather easy to understand and utilize. As a matter of fact, it has been in existence since the beginning of trade and commerce. It is simply a form of asset-based lending that combines:
- Accounts receivable bookkeeping, including invoice management and payment processing
- Collections, cash management and lockbox processing
- Risk and credit protection and advice
- Accounts receivable financing
As the premier factoring company for accounts receivable financing, Oilfield services invoice factoring, and flexible cash-flow funding products, Oil Capitals’ invoice factoring services supports Oilfield companies in North Dakota, South Dakota, Texas, Oklahoma, Pennsylvania and Arkansas, as well as other expanding Oilfield markets. Our top-notch Oil and Gas invoice factoring service options stand out from other factoring companies. We provide Oilfield companies with quick cash and working capital through a simple and effective process that helps Oilfield contractors with their financing needs, typically within 24–48 hours.
How Oil and Gas Factoring Works?
The process is rather simple. Depending on the length of your relationship with your Oil and Gas clients, credit terms extended, and how creditworthy the accounts receivable customer is, your Oil and Gas company can usually obtain between 80% to 90% of your total value of the an invoice up front from Oil Capital factoring finance company, with the remaining difference to be returned after payment is received — less the invoice factoring financing fee, which is typically anywhere from 1%–4%.
Many of our Oil and Gas clients, including oilfield service providers, oil drilling companies or haulers, use our invoice financing or receivable factoring services to increase their cash flow for daily expenses. This allows them to eliminate the need to follow up on their invoices. Essentially, Oil Capital becomes your back-end office, helping you stay organized and on top of your invoices.
Get Paid Today!
Invoice financing from Oil Capital allows your business to get instant cash fast and get paid on its accounts receivables today. Now, your company can access the working capital you need for growth or survival. Even if your bank has told you no!
Let Oil Capital be your Oil and Gas factoring company, and get a head start on growing your business today! Our factoring Oil and Gas receivables services are second to none, and we put our years of Oil and Gas industry factoring experience to work for you!
If you need to get paid on your current Oilfield projects and have new ones that require rapid financing, please contact one of our experienced Oil Capital representatives to learn how we can help!
It’s Your Money, Your Way!
Call now for more information at 866-310-1955, Option 5!
Don’t forget to ask about our special fuel card discounts, as well where you can save up to .45 per gallon.