Now that you made the choice to expand your oilfield service business.
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!
Please fill out the form and submit the application. We will be in contact with you as soon as possible. Thank you.