Pump some cash into your business from oil and gas factoring companies
The oil and gas energy section defines the boom and bust business cycle. One day your wells are running dry and the next, they are overflowing. As such there’s no time to sit and wait for oil and gas financing from traditional bank loans.
Alternative financing, such as oil and gas factoring, enables production, transportation, piping, drilling and all other companies related to oil and gas to get the capital they need right away to handle all their business needs. Financing oil & gas projects are a higher risk undertaking that many banks are reluctant to participate in. The costs of equipment, payroll for workers, pipelines, transportation, drilling and more are costly. For these reasons, heavily backed and fast-paced oil and gas factoring may be the best choice for financing oil & gas projects.
Oil and gas financing companies provide cash fast without the wait
Oil and gas factoring may be your best choice for funding because it is ideal for:
Peak-and-valley type businesses that lack a steady history of growth
Businesses whose clients tend to pay at or after a 30-day payment period
New businesses that haven’t been established for at least five years
Businesses that have out of sync payment terms with their suppliers, such as when the supplier must be paid immediately even though the business doesn’t collect until much later
Businesses that have high expenses and operational costs due to purchasing or leasing major equipment and machinery
Those industries that are deemed high risk just by the nature of their business
Oilfield factoring companies provide oil factoring options to a range of industry enterprises even if they are high risk, unestablished, lack good credit scores, have cyclical business cycles, and more. So even if banks have turned your business down for a loan, you may still qualify for oil and gas financing. The main qualifier for funding is your customers. As long as they have good credit history, then you are a candidate for oil and gas financing.
Oilfield factoring companies partner with:
- Excavating and drilling companies
- Water hauling and trucking firms
- Crude hauling and transportation companies
- Pipe construction and laying companies
- Rig builder and relocation entities
- Site preparation and planning corporations
- Oilfield suppliers
- Tank, truck and pipeline cleaners
- Oilfield trucking
- Staffing companies that supply workers for oil and gas sector, such as haulers, roughnecks, truck drivers, welders, riggers, roustabouts, and crane, drill and fracking operators
Your gear is as good as cash with oilfield equipment financing
In addition, your oilfield equipment can serve as collateral for oil loans in the form of oilfield equipment financing. This means that if you own dozens of drills and related gear that are sitting dormant but you have contractors that need to be paid, use the cash that’s locked up in that oilfield equipment to pay the contractors. Oilfield equipment financing is offered by many but not all oil and gas factoring companies.
So if your oilfield business needs financing in a hurry, don’t take your chances with the bank. Oil and gas factoring companies can offer capital in a few days so there is no delay in your drilling or pipeline project. Depending on the circumstances of your situation, oilfield factoring companies can offer 80 percent to more than 90 percent of the value of your invoices right away. Each oil and gas factoring company is different and offers different pricing structures, percentages, and fees.
Learn More About Oil and Gas Factoring Companies:
- Oil and Gas Funding Challenges Slow Production Boom
- Is Invoice Factoring a Good Option for Your Business?
- A Complete Guide to Factoring
Search Our List to Find Oil and Gas Factoring Companies Near You:
Riviera Finance
1000 Mansell Exchange Building 300, Suite #340 Alpharetta, GA 30022
10320 Little Patuxent Pkwy Suite 200 Columbia, MD 21244
1925 18th Avenue NE Suite #115 Calgary, AB T2E 7T8
8307 University Executive Park Drive, Suite #250 Charlotte, NC 28262
17 W 415 Roosevelt Rd. Oakbrook Terrace, IL 60181
1333 Corporate Dr. Suite 117 Irving,TX 75063
8400 E. Prentice Ave. Suite 1500 Greenwood Village, CO 80111
11601 Pellicano Dr., Ste. B-5 El Paso, TX 79936
50 Harrison St. Suite #310-G Hoboken, NJ 07030
8410 N. Sam Houston Pkwy W Houston, TX 77064
3635 Quakerbridge Road Suite #4 Mercerville, NJ 08619
5870 SW 8th Street Suite # 6 Miami, FL 33144
3470 Washington Drive Suite #206 Eagan, MN 55122
3102 West End Ave. Suite 400 Nashville, TN 37203
4334 Northwest Expressway Suite 242 Oklahoma City, OK 73116
1 International Plaza Suite 550 Philadelphia, PA 19113
1029 H St. Suite 102 Sacramento, CA 95814
2025 Gateway Place Suite #370 San Jose, CA 95110
10430-1 Pioneer Blvd. Santa Fe Springs, CA 90670
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
2605 Enterprise Road East Suite #250 Clearwater, FL 33759
5780 Timberlea Blvd. Suite #103 Mississauga, ON L4W4W8
310 Airport Road Suite #500 Williston, ND 58801
1100 Dexter Avenue N. Suite #100 Seattle, WA 98109
800-872-7484
Diversified Transportation Finance
3100 Pinebrook Rd. Suite 2200, Park City, UT, 84098
(801) 821-0355
Accord Financial Group
3500 Boul De Maisonneuve O Suite 1510 Montreal, QC H3Z 3C1, Canada
800-231-2977
CarrierNet Group Financial
500 W 10th St, Sioux Falls, SD 57104, USA, Sioux Falls, South Dakota, 57104
(877) 747-2807
Graystone Capital (now SVBusiness Capital)
900 E Hamilton Ave #100,, Campbell, CA, 95008
(888) 370-7779
American Receivable Corporation
12655 N Central Expressway, STE 675 Dallas, Texas 75243
(800) 297-6652
Liquid Capital of South Texas
11703 Huebner Rd, San Antonio, TX 78230, San Antonio, Texas, 78230
210.587.7267
Liquid Capital
5734 Yonge St. Suite 400 North York, ON M2M 4E7
5525 N MacArthur Blvd Ste 625 Irving, TX 55038
1-844-228-0800
Merchant Factors
1441 Broadway, 22nd Floor New York, NY 10018
6750 North Andrew Ave, Suite 200 Fort Lauderdale FL 33309
(213) 347-0101
Robinson Factors, Incorporation
244 Fifth Avenue · Suite W226 , New York, New York , 10001
(212) 498-9756
Nationwide Transport Finance
2650 Lake Sahara Drive – Suite 200, Las Vegas, Nevada, 89117
(800) 624-3353
ALLEGIANT BUSINESS FINANCE
600 university st.ste#2328 seattle, WA(Washington), Seattle, Washington, 98101
(866) 377-0800
eCapital Freight Factoring
10100 W. Charleston Blvd Suite 220, Las Vegas, Nevada, 89135
800.705.1500
New Century Financial
1725 Hughes Landing Blvd., Suite 965, The Woodlands, Texas, 77380
800-805-8380
Factoring Solutions
Suite 304, 320 - 12th Ave NE Calgary, AB, Canada T2E 1A4
5462 South Perimeter Drive Kelowna, BC, Canada V1W 5C6
403-452-6227
Stonebridge Financial Services
330 Franklin Rd, Suite 135A-592, Brentwood, Tennessee, 37027
(615) 661-8245
Gibralter Business Capital
400 Skokie Blvd #375 Northbrook,, Northbrook, Illinois, 60062
(847) 272-9618
Universal Funding
16201 East Indiana Avenue Suite 2600, Spokane Valley, Washington, 99216
800.405.6035
Great Plains Transportation Services, Inc.
923 N State St, Fairmont, Minnesota, 56031
(800) 324-8214