Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.
Oilfield Service Companies
Turn Your Invoices into Same-Day Cash

Oilfield Factoring Services

Cash for Payroll, Purchasing Equipment, Paying Bills and More.

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.

oilfield factoring

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.

Oilfield Factoring Turns Invoices Into Same-Day Cash

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

How does Oilfield Factoring Work?


Instead of waiting to get paid on your oilfield invoices, get paid same-day by factoring with TCI Business Capital.

  1. Submit Your Invoices
    Send your invoices directly to TCI Business Capital instead of to your customers. We make sure your customers receive them and submit payment to us.
  2. Get Cash
    Once we receive your invoice, we provide you with a competitive advance on your invoice amount within 24 hours. Our treasury department transfers the funds via ACH, wire transfer or deposit into a fuel card account.
  3. Focus on Your Business
    Instead of waiting to get paid and trying to collect payments from customers, you can focus on your business. We wait the 30 to 90 days for your customers to pay us. If we see a payment is not being made, our team of collectors professionally handles the situation before a problem arises. Once payment is made, we provide you with the remaining five percent of your invoice, minus a small fee for our services.

oilfield services - accounts receivable financing and invoice factoringBenefits of Oilfield Factoring

  • Funding on oilfield and gas receivables in 24 hours or less
  • Low factoring rates
  • Competitive advances on your oilfield invoices
  • 24/7 online customer support
  • Terms from $50,000 to $20 million
  • Dedicated relationship manager
  • Collections department
  • Online reporting

Factoring for Oilfield Exploration Companies

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

Factoring for Oilfield Trucking Companies

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

Factoring for Oilfield Production Companies

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

United States

Alabama Alaska Arizona
Arkansas California Colorado
Connecticut Delaware Florida
Georgia Hawaii Idaho
Illinois Indiana Iowa
Kansas Kentucky Louisiana
Maine Maryland Massachusetts
Michigan Minnesota Mississippi
Missouri Montana Nebraska
Nevada New Hampshire New Jersey
New Mexico New York North Carolina
North Dakota Ohio Oklahoma
Oregon Pennsylvania Rhode Island
South Carolina South Dakota Tennessee
Texas Utah Vermont
Virginia Washington West Virginia
Wisconsin Wyoming Washington D.C.

Canada

Alberta British Columbia Manitoba
New Brunswick Newfoundland & Labrador Northwest Territories
Nova Scotia Nunavut Ontario
Prince Edward Island Quebec Saskatchewan
Yukon