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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.

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.

Accounts Receivable Financing

Invoice factoring provides cash flow

Cash flow Solution

Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.

Invoice factoring provides receivables management

Receivables Management

Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.

Invoice factoring provides business credit services

Business Credit Services

Factoring companies analyze your customers’ credit scores and monitor credit limits to protect you from bad debt losses.

Invoice financing has no loans or debt

No Loans Or debt

Accounts receivable financing doesn’t involve risky loans or debt and doesn’t require you to make loan repayments.

Invoice financing is quick and easy

Quick And Easy

Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.

Invoice financing provides peace of mind

Peace of mind

Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.

Invoice Factoring Is Quick & Easy

After you complete the sale of goods or services to your customer, send your invoice to your factoring company.

Your factoring company buys your invoice and sends you 80% to 95% of the invoice amount within 24 to 48 hours.

Your factoring company collects the accounts receivable from your customer and sends you the reserve as final payment.

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