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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

    Calgary Oilfield Capital Sees Big Things on the Horizon in Canadian Oilfields

    Oilfield Cash Flow, Highly Valued within the Industry

    February 7, 2014 In today's highly active oilfield exploration and production industry, a consistent oilfield cash flow is vital to any business attempting to obtain success. When a company's cash flow is in jeopardy, or inconsistent, exploring opportunities within the industry can be difficult. A negative cash flow, or cash flow that is inconsistent can also make it difficult to cover the costs of operation.

    What are the main challenges to a strong oilfield cash flow?

    Maintaining a consistent oilfield cash flow can be difficult for many reasons, including:

    • Costs of operation: Operating a growing oilfield service or oilfield supply business is an expensive proposition. The costs of employees, real estate and equipment are exorbitant. When operation is so expensive, it can be easy to encounter a situation in which more money is going out of the business than coming in, leading to a negative oilfield cash flow.
    • Lengthy pay terms: Maintaining a positive and consistent oilfield cash flow is difficult within an industry with lengthy standard pay terms. When you are forced to wait 30 to 90 days for payment for your work, your oilfield cash flow can be compromised, leaving your business in a financial bind.

    How can you address your oilfield cash flow issues?

    If you have encountered cash flow issues, it can be difficult to know how to address them. There are several ways of solving oilfield cash flow problems, including:

    • Business loans: Securing a loan from a bank is a good way to address oilfield cash flow issues, as the loan often offers funds needed to address current and future operating costs. Unfortunately, obtaining a bank loan can be difficult for many small business owners, making solving oilfield cash flow issues with assistance from a bank a challenging undertaking.
    • Commercial line of credit: Another viable option for addressing oilfield cash flow problems, commercial lines of credit offer ongoing financing. However, much like a bank loan, qualifying for a line of credit is difficult for many business owners. These difficulties, combined with their high interest rates, make lines of credit a less than ideal option for dealing with oilfield cash flow issues.
    • Oilfield invoice factoring: The oilfield invoice factoring process offers business owners the opportunity to sell their accounts receivables for instant cash, thereby improving oilfield cash flow. By factoring your company's invoices, you can eliminate the lengthy wait for payment, and prevent oilfield cash flow issues. Unlike bank loans and lines of credit, oilfield invoice factoring is not based on the credit worthiness of your business, making the process a very popular and affordable way to address oilfield cash flow issues.

    To learn how the oilfield invoice factoring process can help you solve your oilfield cash flow problems, call 800-707-4845.

    Read more of the Oilfield Factoring Blog


    For more information on TCI Oilfield Factoring, please call 800.707.4845

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