Oil and Natural Gas exploration are now at record highs and are expected to stay that way for decades to come. States such as Texas, Arkansas, New Mexico, California, West Virginia, Pennsylvania, North and South Dakota, and Ohio are feeling the economic surge from the additional energy production.
For 20 years we’ve been funding suppliers to the oil and gas industries with our PO financing and receivable financing cash flow programs. Everyone from water haulers, frac sand haulers, roustabouts, vacuum trucks, environmental cleanup, excavating / dirt work, tank cleaners, pressure washing, component manufacturers, inspection services, flow back testing, gravel pit suppliers, rig movers, welders, drip-bit suppliers, guard service, to labor. Whatever product or service you are selling to oil and gas industries we’d love to help.
We have deep expertise and understand the vagaries on receiving the payment. There may be a 1/2 million dollar invoice that the company man has to sign off on. Credits can be very good, but unless you understand the verification process and how to get paid there are deep risks. If you are a supplier to the oil and gas industry we are here to help you.