Service providers throughout the oilfield industry are in high demand in many parts of North America. Among the most valued providers ranks the welding services; every oilfield operation requires skilled welders who can tackle the toughest jobs, under the most demanding circumstances.
From pipeline and rig welding to spot repair welds, oilfield operations in any of North America’s active plays offer significant opportunities for welding service providers. Welding services that have the skill, equipment and drive to explore these opportunities are likely to achieve success.
Among the most valued welding services are oil tank welding, frac water storage tank welding, pipeline welding and repair, machinery repair, hazardous welding and rig welding.
Cash flow is one of the most challenging issues facing oilfield welding service providers. When a welding service has more money going out than coming in, it can be difficult to explore the wide range of opportunities available within the industry. Unfortunately, with the costs of labor, equipment, fuel and supplies, encountering cash flow problems is a far too common occurrence for welding service providers.
Business owners looking to explore welding projects within the oilfield industry do have support available, however; invoice factoring offers the operating capital business owners need to make payroll, purchase new equipment and fuel trucks and machinery.
By factoring your welding service invoices, you can get fast cash for work you’ve already completed, rather than waiting 30 to 90 days to get paid by your clients. The quick and easy factoring process offers you fast capital, at affordable rates. In many cases, you can obtain cash for your completed invoices the same day you submit them.
The factoring process benefits many oilfield welding service providers. Whether you are a fledgling business searching for capital to expand your operation, or are an established company that has encountered financial challenges, the factoring process may offer the support you need. By giving you instant cash for your invoices, the process helps you avoid negative cash flow issues, and to explore the many opportunities available to you.
Exploring the factoring process is easy – just contact Scale Funding at 800-707-4845.