Midland / Lubbock
Factoring Companies
Oil and Gas Invoice 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.
Invoice Financing
Is Quick & Easy
Choosing an Oil & Gas
Factoring Company
Accounts Receivable Financing
Cash Flow Solution
Accounts receivable financing virtually eliminates your collection days and speeds up cash flow to operate your business.
Receivables Management
Your factoring company handles all the accounts receivable functions including collections, accounting and reporting.
Business Credit Services
Factoring companies analyze your customers' credit scores and monitor credit limits to protect you from bad debt losses.
No Loans or Debt
Accounts receivable financing doesn't involve risky loans or debt and doesn't require you to make loan repayments.
Quick and Easy
Invoice financing is available within 5 to 10 business days and doesn’t require historical financials or spotless credit.
Peace of Mind
Receivables factoring provides business stability and allows you to focus on operating your business rather than handling cash flow problems.
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Guide to Factoring Receivables
Discover why invoice factoring can be better than bank financing, learn the receivables factoring process and factoring rate structures, know what to expect when applying for factoring services and much more.
