Since 1994, TCI Business Capital’s invoice factoring programs have provided cash to oilfield service companies in the United States and Canada. Oilfield service companies use the cash from invoice factoring for fuel, payroll, and more.
In the oilfields, it’s not uncommon to wait 30, 60, or even 90 days to be paid on an invoice. If you are waiting too long for customer payments, factoring will provide the cash you need. TCI Business Capital offers competitive advances, and low factoring rates. Contact us for a free, no-obligation quote and approval.
While business loans and business lines of credit can be good financing options for some oilfield service companies, many don’t receive the sufficient amount of cash needed quick enough.
Factoring for oilfield services companies is beneficial as they no longer have to wait 30 to 90 days for customer payment. Oilfield factoring provides oilfield service companies same-day cash on their invoices.
Accounts-receivable financing, also known as invoice factoring, gives you the immediate cash you need to pay your employees, fund your daily operations and invest in new business resources such as equipment.
Unlike business loans or business lines of credit, oilfield factoring gives your business the ability to grow. The amount of cash you receive grows as your business grows
Instead of waiting to get paid on your oilfield invoices, get paid same-day by factoring with TCI Business Capital.
Oilfield exploration efforts rely on equipment and technology to be done correctly and efficiently. Oilfield exploration companies need working capital in order to provide their services as the process to do the work is expensive and timely. Equipment expenses, payroll and other operating costs need to be met on time. This can be a challenge when most of these companies are waiting 30 to 60 days for customer payments.
TCI Business Capital provides working capital solutions to all types of oilfield exploration companies so they’re able to maintain and grow their exploration companies.
|Acidizing & Cementing||Crane & Aerial Lift Operators||Drilling Contractors|
|Electrical Contractors||Grading & Excavating||Flowback Testing|
|Fracking Services||Site Preparation||Trenching Services|
|Vacuum Trucks||Vacuum Trucks & Excavators||Many More|
The oil and gas industry is dependent on oilfield trucking companies to bring supplies and materials needed to complete the job. While the oilfield trucking companies need to pay for their employees, fuel and trucks to do the work, they commonly run into a cash-flow crunch. Their customers wait up to 90 days or more to pay for their work after it’s complete.
TCI Business Capital provides oilfield trucking companies with working capital so they can complete their jobs and accept new contracts without having cash-flow stress.
|Bulk Material Handling||Crude Hauling||Equipment Rentals|
|Flat Bed Carriers||Frac Sand Hauling||Gravel Haulers|
|Mud Haulers||Water Haulers||Many More|
Oilfield production companies need sufficient and steady cash flow to operate. The equipment costs and payroll deadlines can be difficult to meet when they aren’t receiving payments on invoices until 30, 60 or even 90 days after the work is done. This makes it almost impossible to grow and take on new contracts as the oilfield production companies run into cash-flow gaps.
With TCI Business Capital’s accounts-receivable factoring solution, oilfield production companies no longer have to worry about when they will get paid. We turn oilfield production company invoices into same-day cash, eliminating the cash-flow gap.
|Completion Services||Disposal Wells||Environmental Services & Reclamation|
|Frac Sand Suppliers||Gravel Suppliers||Pit Cleaning|
|Roustabout Services||Tank & Pipeline Cleaning||Well Servicing|
|Sandblasting & Painting||Casing Suppliers||Many More|
|Nevada||New Hampshire||New Jersey|
|New Mexico||New York||North Carolina|
|South Carolina||South Dakota||Tennessee|
|New Brunswick||Newfoundland & Labrador||Northwest Territories|
|Prince Edward Island||Quebec||Saskatchewan|