Oil & Gas Services
Oil and Gas Invoice Financing Experts
Whether you are an oil and gas service provider, oilfield contractor or oil and gas hauler, Capital Partners’ expert oil and gas Invoice Factoring and Accounts Receivable Financing professionals can help your business start growing within 24 hours. Our oil and gas industry experts provide in-depth and insightful consultation for your company’s specific asset-based lending needs.
The Benefits of Oil and Gas Factoring
Due to the nature of long collection cycles and extended terms in the oil and gas industry, accounts receivables have become a tangible asset that is easily transformed into liquid cash flow. Capital Partners’ oil and gas factoring experts are here to answer your questions about how factoring and accounts receivable financing will help your oil and gas business grow. Contact us today!
The Basics of Oil and Gas Factoring
So what is oil and gas factoring finance, and how does oilfield factoring provide cash on hand and working capital? Financing the oil and gas industry is a very simple process for us. Oil and gas Invoice Factoring is a simple and effective tool that helps the oil and gas industry access cash fast. At Capital Partners, we offer Oilfield Invoice Financing, Accounts Receivable Financing Oil Services Factoring; so that you can start to grow your oil business rather than spend time collecting payments from your customers. Contact Capital Partners today and let us help your oil and gas business prosper.
This type of receivable financing solution is available to oil and gas service providers and field equipment service providers, such as:
- Roustabout
- Welding
- Fence Installation
- Rig Cleaning
- Trenching
- Well Cleaning
- Location Cleaning
- Sandblasting
- Salt Removal
Also manufacturers of drilling fluids, drill rigs, lifts, geophysical prospecting equipment, pipes, pumps, production tools, valves, wellheads and many more.
How Oil and Gas Factoring Works
We know that it can take 60 or even 90 days for the oil and gas industry — including oil and gas manufacturers and oil and gas distributors — to collect payment from customers, which is why accounts receivable financing is your solution to this cash-flow problem. We have long-paying customers, such as:
- Chesapeake
- Shell
- XTO Energy
- Nomac
- Weatherford
- PetroHawk
We advance 80% to 90% on your invoices. The cost for invoice factoring can range from 1% to 4%. Many of our oil and gas clients, including oil and gas service providers and oil and gas haulers, use our invoice financing or receivable factoring services to increase their cash flow for daily expenses, especially since they are out in the a majority of the time. This allows them to eliminate the need to follow up on their invoices. Essentially, Capital Partners becomes your backend office, helping you stay organized and on top of your invoices.
Let Capital Partners be your oil and gas factoring company, and get a head start on growing your business today! Our factoring oil and gas receivables services are second to none, and we put our years of oil and gas industry factoring experience to work for you!
Ask us about our special fuel card discounts as well where you can save up to .45 per gallon
Contact us today, or fill out our Express Application Online.
You’ll learn more about our easy qualification process, our fast invoice funding and have the opportunity to receive a free, no obligation quote and consultation. We don’t require tax returns or financial statement. We also offer a 90 day trail period. Already received a quote from a competitor? Let us know and we will meet or beat their offer.