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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 all across North America.

At TCI Business Capital, we provide our Oilfield Factoring lines to Oilfield Service companies working on the front lines of 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:

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:

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:

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:

Oilfield Factoring Blog

TCI Business Capital opens Calgary office

May 8, 2013 TCI Business Capital opens Calgary office - Nathan Appel

Nathan Appel, Senior Vice President - Operations has just returned from Calgary, Alberta; home of the new TCI Business Capital office in Canada.

After weeks of planning, organizing, and construction, the office officially opened Monday May 6.  Helping Nathan in opening the office were Tony Ogren, TCI's IT Administrator and Theresa Brickell, the Operations Manager for the Calgary office.  Glen Miles, TCI's Senior Vice President, Business Development Canada was out meeting with prospective clients, so he wasn't on hand for the opening.

"Calgary is the home base for Oil exploration and Production not only in Alberta, but for all of Canada," said Nathan.  "All the major players in the Oil industry have offices in the downtown Calgary area.  Just within a couple blocks from us are EOG Resources Canada, Heritage Oil, Husky Oil, Ener T Corporation, and Canadian Forest Oil, just to name a few."

"We're excited about the new office in Calgary," said Nathan. "We've got the best Oilfield Factoring service in North America and with the Calgary location we will be able to provide our Canadian clients world class service, with a local presence."

"The area around Calgary; the Cardium in West-central Alberta; the Viking in East-central Alberta; the Pemiscot at Princess in Southern Alberta, these are all major plays and the Oilfield Service providers working these areas can benefit from TCI's Oilfield Factoring programs."

"The same hold true in Saskatchewan.  The Lloydminster, Kindersley-Kerrobert, Swift Current and Weyburn-Estevan areas are all booming as well.  Cash flow is vital no matter where work is being done and our Calgary office will be able to provide the cash companies need to be successful."

Click here for the Oilfield Factoring Blog

For more information on TCI Oilfield Factoring, please call 800.707.4845

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