The impact of the oil & gas boom affects a myriad of industries and suppliers. The oil and gas boom is producing millions of jobs with the hydrocarbon sector creating jobs faster than Silicon Valley according to Investors Business Daily. Employment is up 40% in the oil and gas fields since the recession began in late 2007. Every one of the 10 states like Texas, Oklahoma and North Dakota where hydrocarbon production is increasing, overall employment growth has outpaced the nation. BusinessCash offers their funding program to oil and gas suppliers from each of these states including suppliers with tax issues.
BusinessCash’s program targets suppliers needing working capital to take advantage of the current vast expansion. Since mid-2009 U.S. oil production has risen 60% along with a 50% collapse in oil imports. The impact has been billions of dollars in new economic value. New plant and equipment investment has increased among industries that use petroleum products such as agriculture, plastics, and pharmaceuticals along with suppliers and services to these industries.