Companies in the oilfield industry that bill their commercial customers on credit terms of up to 90 days and not under a progress billing arrangement can benefit from accounts receivable factoring and invoice funding.
Why should you wait weeks or months to receive payment for open invoices? In addition to receiving up to 100% of the invoice value quickly, factoring allows you to go after customers who want credit terms, which you can now offer without worrying about cash flow.
BENEFITS
- Advances up to 100%
- Non-recourse option
- As low as 2% flat fee
- Low Fixed Fees
- Same Day Funding
- No Contract Period
- Credit & Collections
- Online Monitoring
LOW FIXED FEES
The cost is determined by a fixed, discounted rate. No extra fees, unstated costs, or escalating penalties are ever applied to accounts with delayed payments.
SAME DAY FUNDING
You'll get funded daily for invoices. Constant working capital for operational expenses.
NO CONTRACT PERIOD
No long-term contract.
CREDIT & COLLECTIONS
Through our secure online portal, you may create aging reports, check account balances, access credit limits, confirm payment details, monitor collections, and much more.
ONLINE MONITORING
Your accounts are always under real-time, round-the-clock watch thanks to the powerful software that continuously tracks the state of your accounts receivable.
PEACE OF MIND
It brings peace of mind to work with a reliable funding partner who has over a century of combined experience in the oilfield industry, specializes in A/R funding, and can provide a constant flow of capital to cover operating expenses without having to wait up to 90 days for your customers to pay.
For more information, please submit this short form.
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