The Benefits of Invoice Factoring in the Oil Industry
Keeping your oilfield maintained and your employees paid can be expensive in your industry. Reliable cash-flow is a necessity, and without it, you can’t reap the benefits of:
- Timely payroll
- New equipment
- Funding for new projects
- Equipment repair
Don’t wait 60-90 days to get paid from your customers when you can have access to immediate working capital for your business. Invoice factoring is a simple way for your oilfield to turn its unpaid invoices into cash within a quick, 24-hour turnaround.
Goodman Capital Finance helps you take control of the money you bring in from the reliable customers that keep your industry flowing. Simply bring your invoices to our specialists, get paid up to 90 percent of the invoice amount, and let us handle the collections. It’s that simple.
Our services go beyond just financing. We are your financial partner who has your best interest in mind. Allow our credit department to assess your risk with certain customers. Free credit checks provided.
Put Your Assets to Use With Goodman Capital Financing
Remember, your accounts receivable isn’t the only tangible asset your oilfield has going for it. With our help you can put other valuable assets towards a revolving line of credit through asset-based financing.
With the help of assets like AR, inventory, equipment and real estate, our financial specialists will be able to grant your business with maximum borrowing capacity as well as other benefits that include:
- Great flexibility
- No financial covenants
- Funding within 30 days
- A financial partnership that grants you control of your finances
What Aspects of Oilfields Succeed With Our Services?
When your oilfield chooses to work with Goodman Capital Finance, it’s made the choice to succeed. Some of the key areas we’ve been able to assist within the industry range from wireline services to tank and pipeline cleaning. No matter the area of your business you need to finance, you can trust our financial experts to help you achieve the necessary cash availability.
Keep Your Oilfields Financially Solvent With Goodman Capital Financing
As a business owner, we understand the importance of maintaining access to your information at all times. Goodman Capital Finance offers a web-based information portal allowing you to see the status of your open invoices, payments, availability, reserves and much more. You are also provided a dedicated account executive to answer any questions you may have on your account.
Contact us today to find out how our programs can work for your company’s unique situation.