Velocity Financial is a Midland, TX factoring company that specializes in oilfield service factoring for companies such as welding, trucking, rigging services, and oilfield construction. We also provide factoring services for other industries such as staffing, manufacturing, and business services. Our factoring services include back office support such as free customer credit checks, receivables collections and account management.
We've served many oilfield service companies in the Permian Basin, as well as other businesses in many other industries throughout the country. We can provide working capital when your business needs cash and bank financing isn't an option. Whether you need to pay employees, suppliers or contractors, you can rely on us to fund your invoices and collect payment from your customers.
Velocity provides these factoring benefits:
- Same day funding
- No startup fees, no minimums
- Competitive rates, no hidden fees
- Startups welcome
Our team has more than 20 years combined factoring experience and over 35 years of oil and gas management experience. We understand the oil and gas industry and we welcome startup companies. We offer competitive rates with no hidden fees. Call us today and let's get started!