Midland - Odessa Invoice Factoring
The Permian Basin reaches from just south of Lubbock, to just south of Midland and Odessa. Despite its rich production history, its best days could lie ahead. To take advantage of the incredible growth opportunities, oilfield companies need sufficient cash. Invoice factoring is an excellent financial tool to help oilfield businesses take advantage of those growth opportunities
Immediate Cash
Receivables financing improves your cash flow because you don’t have to wait 30, 45 or 60+ days to collect your receivables. Factoring companies buy your invoices and send you cash within 24 to 48 hours.
Bank Alternative
Bank loans take months to get approved; meanwhile oil rigs are pumping millions of barrels a day. Invoice factoring provides the funds your business needs to get rolling quickly, so you don’t waste valuable time and money.
Oil and Gas Industry
Midland and Odessa serve as the headquarters for oil production activities in the Permian Basin. Factoring companies in the area provide the cash flow that oilfield service companies need to thrive and grow.
Fast Approval
Oil and gas 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 quick and easy.
