Find Oil & Gas Factoring and Freight Factoring Companies in Houston
Since everything’s bigger in Houston, Texas, your business needs to source the best line of credit to help it grow and succeed. Thankfully, there’s an abundance of invoice factoring companies dedicating to offering invoice factoring services to startup and established firms.
So whether you are looking for an oil and gas factoring or freight factoring business with a focus on the local Houston region, or a factoring company with a national reach, you can find both in ever-expanding Houston.
Houston Freight Factoring and Oil & Gas Factoring Offer These Advantages:
- Fast approval determination and financing in 2-5 days, with some factoring companies offering same day funding for repeat clients.
- Financing that’s not attached to your FICO score.
- An ever-expanding line of credit – freight and oil & gas factoring companies can offer greater lines of credit as the needs of your business change and grow.
- A suitable option for high risk industries such as oil & gas.
- Convenient fuel card deposits for time-strapped truck drivers.
- Accessible to most any business with credit-worthy clients.
- A cost that is reasonable and within reach to most small and medium-sized businesses.
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On the Move with Trucking, Transportation and Freight Factoring in Houston
Houston is one of the nation’s largest transportation hubs from freight rail carriers to 18-wheel trucks. Supporting these forward-driving enterprises are a range of commercial finance companies offering traditional and alternative funding options such as freight bill factoring and account receivables financing for businesses at every stage.
The administration costs of trucking and freight businesses in Houston are high. Consider the expenses of owning and maintaining a fleet of trucks, fuel, truck drivers’ payroll, and more. Trucking is generally a thin margins industry so business owners are continuously wrestling with cash flow and working capital issues to stay ahead.
Oil & Gas Factoring Power Drilling, Fracking
Oil & gas are big business in Houston and oil & gas factoring keep finances as liquid as the product. The city and surrounding area houses nearly a third of the nation’s energy exploration and production companies. The region is home to more than 3,500 energy businesses. Similar to transportation and freight, the oil and gas industry requires numerous, high cost assets and expenses, including fracking and drilling equipment, pipelines, workers’ payroll, permits, and more. Oil & gas and transportation industries often work together as trucks and rail carts work to carry the oil itself as well as the extensive gear that is needed for the fracking or drilling process.
Invoice Factoring Options as Big as Houston Itself
So if you are looking for an invoice company that specializes in oil & gas and freight factoring or one that provides factoring receivable services to a range of industries, Houston likely offers what you are looking for. Though transportation, trucking, freight, and oil & gas are dominant industries in Houston, you can find invoice factoring companies that serve other industries as well.
