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Oilfield Factoring Process
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How It Works

In the Oil & Gas Industry 30 to 90-day pay terms are standard. These long pay terms can add "Cash Flow Stress" to growing companies.

Our specially designed Oilfield Factoring Lines can ease your stress and provide the cash you need to take advantage of this once in a lifetime Oil & Gas boom. What's more, Set up is as easy as 1-2-3.

Call Today! (800) 707-4845

© 2014 TCI Business Capital, Inc.

TCI Oilfield Factoring

TCI Oilfield Factoring is the Oilfield Factoring division of TCI Business Capital. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies throughout North America.

At TCI Business Capital, we provide our Oilfield Factoring lines to Oilfield Service companies working on the front lines of North America's energy sector. These companies choose our Oilfield Factoring services because they need working capital, but are not able to obtain sufficient financing from their bank.

TCI Business Capital has separated itself from traditional lenders and other Oilfield Factoring Companies by eliminating the customary red tape that is common in the Oilfield Factoring industry.

Our streamlined Oilfield Factoring process is simple; you send us your invoices, and we pay you for them the same day. We then collect payment from your customers. It's that simple. TCI Business Capital Oilfield Factoring customers provide a wide range of upstream, midstream, and downstream services. Our Oilfield Factoring customers work for most of the Oil & Gas companies in North America.

Oilfield Factoring for Oilfield Trucking Companies

At TCI Business Capital, we provide our Oilfield Factoring service to Oilfield Trucking companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Trucking Companies.

Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

What's more, with our simple and straightforward underwriting guidelines, most of TCI Business Capital Oilfield Factoring customers receive written approvals in 30 minutes or less.

TCI Business Capital provides our Oilfield Factoring service to the following Trucking Companies:

  • Water Haulers
  • Rig Movers
  • Mud Haulers
  • Gravel Haulers
  • Hot Shot Trucks
  • Pipe Haulers
  • Frac Sand Haulers
  • Vacuum Trucks
  • Crude Haulers
  • Equipment Haulers
  • Dump Trucks
  • Winch Trucks
  • Haz Mat Hauling
  • Flatbed Carriers
  • Water Trucks
  • And More
  • And More
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Trucking Company, TCI Business Capital Oilfield Factoring can help!

    Oilfield Factoring for Oilfield Service Companies

    At TCI Business Capital, we provide our Oilfield Factoring service to Oilfield Service companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Service Companies.

    Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

    What's more, with our simple and straightforward underwriting guidelines, most of TCI Business Capital Oilfield Factoring customers receive written approvals in 30 minutes or less.

    TCI Business Capital provides our Oilfield Factoring Service to the following Oilfield Service Companies:

  • Roustabouts
  • Wireline Services
  • Environmental Clean Up
  • Well Servicing
  • Drilling Companies
  • Fishing Services
  • Flowback Testing
  • Tank & Pipe Cleaning
  • Pit Cleaning
  • Welding Services
  • Acidizing & Cementing
  • Plugging Contractors
  • Testing Services
  • Slickline Services
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Service company, TCI Business Capital Oilfield Factoring Programs can help!

    Oilfield Factoring for Oilfield Supply and Construction Companies

    At TCI Business Capital, we provide our Oilfield Factoring service to Oilfield Supply and Construction companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Supply and Construction companies.

    Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

    What's more, with our simple and straightforward underwriting guidelines, most of TCI Business Capital Oilfield Factoring customers receive written approvals in 30 minutes or less.

    TCI Business Capital provides our Oilfield Factoring Service to the following Oilfield Supply and Construction Companies:

  • Excavating
  • Road Construction
  • Scoria Pit/Suppliers
  • Pad Builders
  • Gravel Pit/Suppliers
  • Water Purification
  • Site Preparation
  • Pipeline Construction
  • Fly Ash Suppliers
  • Disposal Wells/Sites
  • Frac Sand Suppliers
  • Hot Oil Services
  • Equipment Rentals
  • Drilling Equip Suppliers
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Supply and Construction Company, TCI Business Capital Oilfield Factoring Programs can help!

    More Facts about TCI Business Capital Oilfield Factoring Service

    What is Oilfield Factoring? Oilfield Factoring is a transaction where an Oilfield Service Company sells (Factors) its Accounts Receivables, or invoices, to an Oilfield Factoring Company in order to improve cash flow. With Oilfield Factoring, the Oilfield Service Company will have immediate cash available for payables, payroll, maintenance, or improving equipment. Oilfield Factoring is not a loan, and therefore no debt is incurred.

    At TCI Business Capital Oilfield Factoring, our program is different from a bank loan in two significant ways. First, TCI Business Capital Oilfield Factoring places the emphasis on the value of the Receivables, not your firm's credit worthiness or fixed assets. Secondly, TCI Business Capital Oilfield Factoring programs are not loans. Our customers simply sell their Invoices (the Receivables) at a discount to TCI Business Capital Oilfield Factoring to obtain the cash needed for day-to-day operations.

    Factoring transfers ownership of the Receivables to TCI Business Capital. The account debtor is then notified of the sale and then remits payment directly to TCI Business Capital Oilfield Factoring Company.

    At TCI TCI Business Capital Oilfield Factoring, we provide other mission critical services including credit analysis, risk assessment, a/r management, billing, collections, treasury and 24/7 web reporting.

    The three parts to Oilfield Factoring

    There are three integral parts to Oilfield Factoring transaction.
    1. The fee, this is the amount that TCI Business Capital Oilfield Factoring will charge you for the service. Most Oilfield Factoring Companies will charge you a Factoring fee, also known as a service charge, as well as interest based on how long it takes the debtor to pay.

    2. The advance, this is the percentage of the face value of invoice that TCI Business Capital Oilfield Factoring company pays you upon submission of that invoice.

    3. The reserve, this is the remainder of the total Oilfield Invoice amount held until the payment by the account debtor is made in full.

    More about TCI Oilfield Factoring

    TCI Business Capital Oilfield Factoring is a leading Oilfield Factoring Company. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies all across North America.

    TCI Business Capital Oilfield Factoring has distinguish itself from other financial institutions with our "Get it Done" culture. We are proud to be recognized for our reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.

    TCI Business Capital is active in the community as we believe in helping those in need. Over the years, our support has been focused towards school-aged children, wounded veterans, countries hit by natural disaster, and victims of domestic violence. We take pride in supporting various organizations that share the belief that it is our duty and responsibility to help improve the lives of others.

    Call TCI Business Capital today and talk to one of our Oilfield Factoring specialists. Our specialists will give a free consultation on how Oilfield Factoring can help your business. With TCI Business Capital Oilfield Factoring there is no red tape to cut through or bureaucratic maze to navigate. What's more, with our simple and straightforward underwriting guidelines, most of our Oilfield Factoring customers receive written approvals in 30 minutes or less.

    TCI Business Capital Oilfield Factoring customers provide a wide range of upstream, midstream, and downstream services. Our customers work for most of the Oil & Gas companies in North America including:

  • Anadarko Petroleum
  • Encana Oil & Gas
  • Marathon Oil
  • Rosetta Resources
  • Anschutz Exploration
  • Endeavor Energy
  • Marathon Oil EF
  • Sabine Storage
  • Apache Corp
  • Enerplus
  • Matador Production
  • Samson Lone Star
  • Baker Hughes Inc
  • Enervest Operating
  • Mewborne Oil
  • Samson Resources
  • Basic Energy Services
  • Ensign Energy Services
  • Mull Drilling
  • Sandridge E & P
  • BHP Billiton
  • EOG Resources
  • Murphy Oil Corporation
  • Schlumberger
  • Bill Barrett Corp
  • EP Energy
  • Nabors Industries
  • Sheridan Exploration
  • Brigham Oil & Gas
  • Escondido Resources II
  • Nadel & Gussman
  • Slawson Exploration
  • Burlington Resources
  • Exco Resources
  • Newfield Exp Mid-Con
  • SM Energy
  • Burnett Oil
  • Fasken Oil & Ranch
  • Newfield Exploration Co
  • Southwestern Energy
  • Cabot Oil & Gas
  • Fidelity E & P
  • Noble Energy
  • Summit Energy
  • Callon Petroleum
  • FIML Natural Resources
  • Nomac Drilling
  • Superior Well Services
  • Carrizo Oil & Gas
  • Forest Oil
  • Oasis Petroleum
  • Talisman Energy USA
  • Chesapeake
  • Gulfport Energy
  • OXY Permian
  • Three Rivers Operating
  • Chevron
  • Halcon Resources
  • OXY USA
  • True Oil
  • Choice Exploration
  • Halliburton
  • OXY USA WTP
  • Ultra Petroleum
  • Cimarex Energy
  • Helmerich & Payne
  • Parsley Energy
  • Unit Drilling Company
  • Citation Oil & Gas
  • Hess Corporation
  • Patterson - UTI Drilling
  • Unit Petroleum
  • Clayton Williams Energy
  • Hilcorp Energy
  • Petro-Hunt
  • W & T Offshore
  • COG Operating
  • Hunt Oil
  • Pinnergy, LTD
  • Whiting Petroleum
  • Comstock Resources
  • Jetta Operating
  • Pioneer Energy Services
  • Williams Production
  • Conoco Philips
  • Jones Energy
  • Pioneer Natural Resources
  • WPX Energy
  • Continental Resources
  • Kodiak Oil and Gas
  • Precision Drilling Trust
  • XTO Energy
  • CrownQuest Operating
  • Laredo Petroleum Holdings
  • QEP Resources
  • Yates Petroleum
  • Denbury Resources
  • Latshaw Drilling & Exploration
  • Quicksilver Resources
  • Zavanna LLC
  • Devon Energy
  • Linn Energy
  • Range Resources
  • Z Energy
  • And Many More
  • And Many More
  • And Many More
  • And Many More
  • Oilfield Factoring Blog

    TCI Business Capital Presents at 2014 South Texas Oilfield Expo

    "TCI Business Capital offers oilfield supply chain finance services to a wide range of oilfield service providers," Eric Schoch EVP TCI Business Capital

    BURNSVILLE, MN (July 8, 2014) - TCI Business Capital, the nation's leading provider of oilfield supply chain finance services, is presenting their entire line of supply chain finance programs at the South Texas Oilfield Expo July 9th and 10th at the Henry B. Gonzalez Convention Center in San Antonio, Texas.

    The South Texas Oilfield Expo is expected to draw thousands of oil and gas service professionals from central plays like the Eagle Ford in South Texas, the Permian Basin of West Texas, and the Granite Wash play in the Texas Panhandle. And according to Eric Schoch EVP TCI, TCI Business Capital is excited to be right in the middle of the action at booth 929.

    "We're looking forward to the South Texas Oilfield Expo, and we're excited to share our supply chain finance solutions at the South Texas Oilfield Expo, said Eric Schoch EVP TCI Business Capital. "TCI representative Greg DeBenedetto will be available at TCI Business Capital at booth 929 to answer any questions."

    Eric Schoch EVP TCI said, "We've seen a huge demand for our supply chain finance services in Texas' oil-and-gas rich Eagle Ford, Permian Basin and Granite Wash plays. And, as oil exploration continues to grow through new technology, our customers in Texas, Oklahoma, Arkansas and Louisiana are facing many new challenges, especially on the side of cash flow."

    Eric Schoch EVP TCI explained that TCI's supply chain finance services can be a lifeline for small to midsize oilfield and gas service companies, particularly when the work is plentiful and access to working capital inhibits company growth.

    "In a booming market, oilfield service companies need enough cash flow to grow rapidly. Since 30- to 90-day pay terms are common, it's difficult for oilfield service companies to meet their working capital needs. At TCI Business Capital, our oilfield supply chain finance lines address those financing challenges by maximizing cash flow, and by reducing the accounts receivable turn through increased efficiency in the billing process," said Eric Schoch EVP TCI.

    "We've built a reputation for being the oilfield supply chain finance experts," said Eric Schoch EVP TCI Business Capital. "With oilfield supply chain finance relationships spanning 20-plus years, we take great pride in the growth and successes that our clients have enjoyed with the improved cash flow that TCI provides."

    "TCI Business Capital offers supply chain finance services to a wide range of oilfield service providers and suppliers working in Texas, Oklahoma, Arkansas and Louisiana including: oilfield trucking, well servicing, pipeline, pad and road construction companies, rental and supply companies, disposal sites and more," said Eric Schoch EVP TCI.

    "If you plan on visiting the South Texas Oilfield Expo, please stop by and visit TCI Business Capital at booth 929," said Eric Schoch EVP TCI.

    Read more of the Oilfield Factoring Blog


    For more information on TCI Oilfield Factoring, please call 800.707.4845

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