West Texas Factoring
Midland, Odessa and Lubbock are in the heart of the Permian Basin oil and gas fields. Oilfield service companies provide the infrastructure, equipment, and services needed by the Texas oil and gas industry. Oilfield businesses need sufficient cash flow to take advantage of growth opportunities. Invoice factoring is an excellent financial tool to help oilfield businesses take advantage of quick growth opportunities.
One of the most difficult parts of running a business is securing funding. Sustaining cash flow can be difficult for small businesses. You have to wait weeks or months for payments to arrive from billed invoices. Businesses can overcome collection days outstanding with invoice factoring. Invoice factoring eliminates waiting 30 to 90 days for your accounts receivable collections.
Factoring companies can supply your business with steady cash flow. If you're in the oil and gas business (or any B2B industry), then invoice factoring can help your business grow. Benefits include
- Professional accounts receivable management.
- Quick approval and funding.
- Initial funding as quickly as 7 to 10 days.
- Reliable cash flow without going into debt.