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  • Water Haulers
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  • Excavating
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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

    4 Tips to Grow Your Oilfield Water Hauling Business

    Starting your own oilfield water hauling business can be challenging, but also very rewarding. Here are some common things to consider to combat the health and future growth of your water hauling business.

    1. Should You Lease or Purchase Equipment?

    Lease or purchases - it's one of the most expensive investments you will make when running a water hauling company. If you choose to buy your own equipment, the investment can pay off greatly over time. However, in many industries such as oil and gas, leasing equipment is a viable option.

    Leases are typically structured like rentals, where you may pay a monthly fee for the rights to use your equipment. There is really no right or wrong answer; however, either choice requires a large financial investment. Consult with a licensed CPA who specializes in small business before making any decision. Inevitably, you may find that you're able to lease equipment to expand and grow your business, or doing so will give you the ability to go after bigger, more lucrative contracts in the oil patch.

    2. Assess and Learn from the Competition

    Before launching an oilfield water hauling company, you'll need to assess the competitive landscape to see if there's a place for your company. In oilfield hotspot areas like Midland, Texas or Williston, North Dakota, there are already many well-established operators and a lot of competition. Model pieces of your business after successful operators in the field. Are they dropping their rates? Are they securing more contracts than you? You can access the competition's strengths and weaknesses and form ideas of where to be aggressive in areas of real mobility.

    3. Don't Overlook Back-Office Efficiency

    An often overlooked piece of running a successful small business is prioritizing back-office efficiency. Most small business owners don't have the time and resources to manage an entire back office. It's especially challenging when the owner of a small business is already busy paying employees, securing contracts and looking for bigger and better work.

    4. Secure a Steady Flow of Cash

    Growing, successful businesses have one big thing in common - fast, affordable access to working capital. Without a steady flow of cash, not only are you likely to miss out on lucrative contracts, but you're also going to run into situations where you need to hire employees or purchase equipment.

    A traditional bank loan may be a good solution if your credit rating is in good standing, and you're not in a rush for cash. A better an often-used option may be factoring (or accounts receivable financing). Unlike a traditional bank loan, you're not locked into a limit or a capped amount. With factoring, the amount of money you can finance grows as your receivables grow. That means, as you acquire more business, you can have fast, immediate access to steady cash to purchase equipment, pay employees and more.

    About TCI Oilfield Factoring

    TCI Oilfield Factoring is a privately held, financial services company founded in 1994. The company is headquartered in Burnsville, Minnesota with operations in Calgary, Alberta, Canada. TCI Oilfield Factoring provides a full range of business financial services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. TCI assists oilfield service and supply providers throughout North America. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service and exemplary corporate citizenship. Contact the financial services experts at TCI Oilfield Factoring for a fast, no-obligation quote. 1-800-707-4845.

    Read more of the Oilfield Factoring Blog


    For more information on TCI Oilfield Factoring, please call 800.707.4845

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