Midland - Odessa Invoice Factoring
West Texas is home to the the Permian Basin oilfield which covers western Texas and southeastern New Mexico. The Permian reaches from just south of Lubbock, down past Midland and Odessa, into southern West Central Texas, and extends westward into southeastern New Mexico. Midland and Odessa are home to many of the oilfield companies that serve the large oil producers. To take advantage of the incredible growth opportunities, oilfield companies need sufficient cash and invoice factoring is an excellent financial tool to help oilfield businesses take advantage of those growth opportunities.
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 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.