Receivable Factoring for the Oil and Gas Industry
Welcome to our oil and gas factoring division. We understand the cash flow challenges facing your growing oil and gas business. We have tailored solutions to meet your needs. Use the invoices you have on hand to unlock the cash in your company. We can advance your company funds of just a few thousand dollars per month and up to millions per month.
Is oil and gas receivable factoring right for me?
Whether you are an exploration service provider, a field equipment supplier, a pipeline construction company, or service another niche in the oil and gas industry, we know you hardly ever receive payment on time. We understand the strain that can put on your company financially and you can’t afford to miss out on new jobs or, worse yet, miss payroll. We can help you. We understand the unique documentation in the oil and gas industry and leverage our knowledge and experience to provide solutions to help you solve your challenges and focus on growing your company.
Most of our oil and gas factoring customers can be described by several of the following situations:
- companies with unique expansion opportunities that require considerable capital
- companies with large, financially sound customers that demand aggressive credit terms
- companies with seasonal or uneven sales patterns
- owners with past credit problems
- experiencing cash flow shortages due to slow accounts receivable turnover
- rapidly growing companies with spotty earnings and sales histories
- start-up companies with no established financing relationships
It is common for oil and gas companies to face cash challenges during times of growth. With robust invoice funding resources and many combined years of experience with traditional invoice factoring and working with the oil and gas industry in general, we are specialists in helping companies just like yours with their cash flow needs. So, whether you need cash to purchase supplies or production tools, meet payroll, take advantage of expansion opportunities, or for any other reason, we can help.
Whatever your role in the oil and gas industry, we can help you meet your obligations on time, every time. Give us a call at (866) 268-9515 or complete our quick application above.
Benefits of Factoring with GrowCo:
- Rates as low as .5%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as .5%.
Call us 24 Hours a Day, 7 Days a Week: (866) 268-9515.