Do You Need Oilfield Cash Flow?
Same Day Funding on approved invoices. 95% approval rating.
GET APPROVED
Please fill out the form if you are only in the oil & gas industry.
Do You Need Oilfield Cash Flow?
Same Day Funding on approved invoices. 95% approval rating.
GET APPROVED
Please fill out the form if you are only in the oil & gas industry.
Oilfield Factoring
What is Oilfield and Gas Factoring?
Invoice factoring is an established form of financing that converts your current unpaid invoices to cash. It solves the cash flow dilemma caused by net 30 / 60 / 90 payment terms that can really slow a company down. The invoice financing process involves the sale of accounts receivable to a factoring company. Receivables (invoices) that are outstanding for up to four months can be sold for up to 95% of their face value.
Whether it’s trucking, drilling, rig pad preparation, excavating, pipeline services, disposal, site preparation and or other oilfield support services. Sb Factoring will ensure you with the factoring support you need. Our goal is to help you succeed!
The Process is Fast and Simple
Submit an application
Application processed in 24 hours
After approval SB Factoring Purchases your invoice
Same Day Funding on approved invoices
SB Factoring Collects invoice from your client
We Specialize in Factoring for:
- Oilfield
- Commercial
- Transportation
- Industrial
Why Factoring?
Every company has its own set of unique needs, goals, and challenges to meet, and their reasons for choosing invoice factoring are equally varied.
The most common reasons why so many businesses use factoring include:
- Rapid Growth: To cover growth expenses like purchasing materials, fuel, or payroll. Seasonal ups & downs: To have enough cash to operate during slower parts of the year
- Build credit: Factoring allows business to get your money faster, so you aren't creating any debt.
- Unable to get a loan or line of credit: To get funding when you're a new business or unable to qualify for a loan without cash at the right times, a business will miss opportunities to expand or fall behind on important expenses, like payroll or rent.
Invoice factoring can eliminate many of these frustrations and allows management to refocus on growth.
We will Help You Grow Your Oilfield Service Business Quickly.
What do our clients say about sb factoring?
