New Mexico Invoice Factoring
Major petroleum and natural gas deposits are located in the Permian Basin in southeast New Mexico and in the San Juan Basin in the northwest. Areas of the state are also suitable for wind power development. Invoice factoring is an attractive option to bank financing for businesses in Albuquerque and other cities.
Immediate Cash
Invoice factoring improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. You get the cash quicker so you can pay for supplies, payroll and other operating expenses.
Bank Alternative
Rather than sinking into debt and making loan payments, invoice factoring is similar to a bank line of credit. You also get to enjoy the many benefits of receivables factoring that banks don’t offer.
Oil and Gas Industry
The San Juan Basin Gas Area is the largest field of proved natural gas reserves in the United States. Oil and gas factoring gives oilfield service companies the funding needed to grow and expand quickly if needed.
Approval in 5 to 10 Days
New Mexico factoring companies can approve your factoring application within several business days. Often, you can get your first funding within 5 to 10 days, making invoice factoring a quick and easy process.
