A recent article in the Wall Street Journal explored a growing problem throughout the Permian Basin – a severe shortage of truck drivers. This is a great opportunity for trucking companies with capacity, to get into the oilfield trucking business. Here is the story about the driver shortage in the Permian Basin.
*Data from October 12, 2018, Baker Hughes Report.
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Since 1994 TCI Business Capital has been a source of cash for oilfield services companies and oilfield suppliers. Invoice factoring is a financing solution for business owners to get the cash flow they need to run their companies day in and day out.
Invoice factoring or accounts receivable factoring is simply the selling of open receivables for immediate cash. TCI Business Capital has the experience, knowledge, and a proven track record of quality factoring services for oilfield companies. To learn more about invoice factoring for oilfield services and oilfield suppliers, contact us or call (800) 707-4845.