Oil and Gas Factoring
Flexible factoring solutions for welders, water haulers, drillers, and all businesses servicing the oil & gas industry.
Your Factoring Partner in the Oil Patch
In the cyclical oil and gas industry, it helps to have a stable financial partner like Integrity Factoring. With years of experience working in the oil patch with clients covering all aspects of drilling and recovery, we are not only comfortable navigating the ins and outs of the oil and gas industry, we are experienced in serving our clients in any business environment. Whether you are a seasoned oilfield professional or a new company looking to establish a solid foundation, Integrity Factoring has the expertise to help you succeed.
Oil and Gas Factoring is Cash Flow Without Debt
Anyone who has been in the oilfield for very long knows that supply and demand swings can wreak havoc on your business. The last thing a company wants to do is leverage themselves too far into debt right before the bottom falls out of the market. That’s where factoring comes in. Invoice factoring is not debt, so it allows a company to obtain the cash flow required to take advantage of growth opportunities in a bull market, while not saddling a company with debt or equity dilution that could cause problems in a bear market.
We Understand the Nuances of the Oil and Gas Industry
Many factoring companies lack the experience to understand the oil and gas business. When you factor, you want to be able to focus on growing your business, not coaching up your factoring company. Does your factoring company understand that longer payment terms are common in the oilfield? Do they have experience working in Omni or Open Invoice? Can they tell you the difference between production water and fresh water, or Permian and Eagle Ford Shale? If the answer to any of these questions is no, perhaps you should be looking for another factoring company.
Business Growth Can Be Unpredictable. Count on Integrity Factoring to Help.
As any experienced oilfield services company can tell you, swings in market supply and demand can wreak havoc on your company’s growth. That makes it even more critical that your company is able to take advantage of opportunities for growth when they are presented. In those moments, having a stable financial partner like Integrity Factoring can make all of the difference. When you partner with us to factor your accounts receivable, you can have confidence that your business will be able to answer when opportunity knocks.
Latest Oil and Gas Articles.
Increased Oilfield Production Boon to Trucking Industry
Nearing the halfway point of the year, there’s no doubt that 2017 has brought good news for the trucking industry. Oil markets continue to lag behind projections despite cuts from OPEC member nations and other international producers, and abundant national and global supplies have driven down prices at the pump. Changing markets have simultaneously led Read More.
Stalled Oil Pipelines Receive Political Boost
As former President Barack Obama’s final term slowly approached its end, tensions at the Standing Rock Indian Reservation, in Nebraska and elsewhere remained at a low simmer. The administration had successfully blocked completion of both the Keystone XL and Dakota Access Pipeline, but the incoming Donald Trump administration had spent months making the oil infrastructure Read More.
Finding Funding for Your Oilfield Venture
It’s no secret that the oil and gas industry can be a tremendous moneymaking opportunity, but breaking into the industry presents serious challenges. In particular, many industry neophytes struggle to attain the proper financing to get a project off the ground. For newcomers in search of oilfield financing, the last few years have brought mixed Read More.