Factoring for Oilfield and Gas Companies

Meet cash flow demands and grow your company with oil and gas factoring.

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Financial Solutions to the Challenges of the Oil and Gas Sector

The oil and gas sector, with its vast operations and global dynamics, presents a myriad of challenges. The nature of the industry often means dealing with escalating expenses, whether it’s acquiring the latest technology, maintaining equipment, or recruiting skilled manpower. Coupled with this, there’s the unpredictability of payments. Many times, businesses like yours might find themselves in situations where clients delay payments, creating bottlenecks in your cash flow and potentially stalling day-to-day operations.

That’s where Porter Capital steps in as a beacon of support. Recognizing the unique hurdles of the oil & gas industry, we’ve streamlined a process allowing you to turn those pending invoices into immediate cash. Imagine not having to wait for weeks or even months, but having up to 95% of your invoice value available in just 24 hours. This rapid turnaround ensures your operations remain uninterrupted, letting you focus on what you do best.

Moreover, we believe that every business deserves a chance to thrive, regardless of past financial challenges. Hence, we’ve designed our services so that you don’t need a spotless credit score. And the cumbersome paperwork often associated with financial processes? We’ve cut it down to ensure a swift and hassle-free experience for you.

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Understanding Oil and Gas Factoring

The oil and gas realm is more than just drilling and extraction. It’s a multifaceted industry, laden with its own set of intricate challenges. From ensuring your workforce is compensated on time, upgrading to the most cutting-edge equipment to stay ahead of the competition, to perhaps the most crucial aspect, investing in research and development to discover sustainable and efficient methods, the demands are continual and diverse. But while your operations may require consistent cash flow, client payments in this sector are frequently anything but consistent. Often, the wait for payments can extend, straining your reserves and making financial planning a daunting task.

Enter the solution: Oil and gas industry factoring. Think of it as a financial lever, designed to give you immediate access to the capital tied up in unpaid invoices. This isn’t about adding debt or taking out a loan. Instead, it’s a strategic move to accelerate what’s already owed to you. By leveraging factoring, you essentially unlock the potential of your unpaid invoices, turning them into ready cash to be funneled back into your business.

And the beauty of partnering with a dedicated factoring company like ours? Our services are inherently scalable. As your operations expand, as you take on bigger projects or find yourself handling more significant invoices, our factoring solutions grow in tandem with your needs. So, whether you’re entering a growth phase, investing in new technology, or just managing day-to-day expenses, our commitment ensures that your cash flow remains robust and responsive to your business’s demands.

Unpacking the Efficient Factoring Process at Porter Capital

At Porter Capital, we understand that time is of the essence, especially in an industry as dynamic as oil and gas. We’ve meticulously designed our factoring process to be swift, straightforward, and potent, ensuring that you get the financial boost you need without any unnecessary delays or complexities.

  1. Personalized Guidance from Start to Finish: Once you’re approved for our factoring services, we don’t just leave you to navigate the waters on your own. We assign a dedicated representative to you – a single point of contact. This individual will be your go-to person, always available to answer questions, assist, and guide you through every step. With this approach, there’s no need to explain your situation to a different person each time you call; your representative understands your business and is committed to ensuring a seamless experience.
  2. Submitting Your Invoice: The process begins when you provide us with a copy of an invoice for services you’ve already delivered. We value the hard work you’ve put into your business and aim to make this step as effortless as possible.
  3. Comprehensive Verification for Trust and Transparency: Once we receive your invoice, we initiate a thorough verification process. This isn’t just a cursory glance; we ensure that the invoice details are accurate and run a credit check on your client. This step is crucial for two reasons: to safeguard the interests of all parties involved and to assess the creditworthiness of the client, ensuring the payment likelihood.
  4. Prompt Cash Advance to Fuel Your Operations: Without keeping you waiting, we then advance between 85% and 95% of the invoice value directly to you. This immediate infusion of funds ensures that you have the capital needed for operations, expansions, or any other business-related expenses, giving you peace of mind and the ability to plan and execute effectively.
  5. Seamless Collection and Final Settlement: You’ve already done your part by delivering services to your client. Now, leave the payment collection to us. We’ll handle the process of collecting from your customer. Once the payment is secured, we’ll send you the remaining balance of the invoice. The only deduction is a modest factoring fee, transparently discussed with you at the outset.

In essence, our streamlined factoring process at Porter Capital is designed with your business’s efficiency and growth in mind. We handle the financial intricacies, allowing you to focus on what you do best: driving your oil and gas business to new heights.

Utilize our invoice factoring calculator to determine the estimated cash advance, the final amount receivable upon invoice payment, and the associated factoring fee.

Factored Invoice Amount ($)
Factoring Rate (%)
Advance Rate (%)