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.
TCI Oilfield Factoring is the Oilfield Factoring division of TCI Business Capital. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to Pipe Hauling companies all across North America.
At TCI Oilfield Factoring we provide our Oilfield Factoring lines to Pipe Hauling companies who are working on the front lines of America's energy sector. These Pipe Hauling companies choose our Oilfield Factoring services because they need working capital, but are not able to obtain sufficient financing from their bank.
At TCI Oilfield Factoring we have separated ourselves from traditional lenders and other Factoring Companies that help Pipe Hauling companies by eliminating the customary red tape that is common in the finance industry.
Oilfield Factoring for Pipe Hauling companies
We are experts in Oilfield Trucking Industry where 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Pipe Hauling companies.
Our "Easy to Set Up" Factoring Lines can ease that stress by allowing Pipe Hauling companies to access the capital that is tied up in their Accounts Receivables. As a result of using our Oilfield Factoring service, Pipe Hauling companies are able to obtain the working capital they 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.
Set up for Pipe Hauling companiesis as easy as 1-2-3
Step 1 - Get Quote
Call and get a free, no-obligation quote and approval from one of our Oilfield Factoring Company specialists. Our simple and straightforward underwriting guidelines most Pipe Hauling companies receive written approvals in 30 minutes or less.
Step 2 - Submit Invoices and Related Documents
Once you accept our TCI Oilfield Factoring Company proposal, we will schedule your first funding. We can accommodate most time tables and even offer an expedited service for those in need of immediate cash. During the setup process, we will walk you through the agreement and have you send in your invoices and any related documents.
Step 3 - Get Paid for your Invoices
That's it! Now that you are set up with TCI Oilfield Factoring Company, we will either Wire or ACH the money directly into your account. From this point forward, we will pay you the same day we receive your Pipe Hauling companies invoices.
TCI Oilfield Factoring Company provides several complementary services for our Pipe Hauling companies customers including:
A/R Management for Pipe Hauling companies
Pipe Hauling companies are provided a dedicated Relationship Manager who is experienced at working with Oilfield service companies. This Relationship Manager will assist you in a wide range of services including: integration with billing software, Invoice handling, image archiving, payment posting and comprehensive account reporting available 24/7, through our secure online system.
Collection Services for Pipe Hauling companies
At TCI Oilfield Factoring Company we value the relationships you have with your customer's; they should not have to deal with unpleasant or disrespectful collection calls. The fact is that if you work for customers with good credit and submit invoicing to them in an acceptable manner, they will pay you within terms.
So how do our collectors help you? Rest assured it's not by yelling at your customers. Over the years, TCI Oilfield Factoring Company has built solid relationships and are on a first name basis with the accounts payable departments of Oil & Gas companies nationwide. These close relationships have allowed us to obtain a firm understanding of all the different and often cumbersome billing requirements that are common in this industry.
Simply put, we focus on any potential problems up front thereby reducing the need to make collection calls down the road.
Credit Analysis and Risk Assessment for Pipe Hauling companies
In today's economic climate, the need to understand and minimize risk is essential to your success. We provide this valuable service to all of our customers.
Fuel Cards and Discounts for Pipe Hauling companies
Our Oilfield Factoring Company customers are eligible to receive free setup to the 24-7 Fuel Card. This Fuel card is available for use at over 8000 locations nationwide and offers users significant discounts at major fuel centers nationwide.
Treasury Service for Pipe Hauling companies
Our fully automated and flexible treasury department allows you to decide how you want your funds transferred on a daily basis. Funds can be dispersed via: Wire, ACH, to a Fuel Card account and more.
More information on Pipe Hauling companies
With the recent prominence of hydraulic fracturing in the crude oil and natural gas fields, water hauling has quickly become an integral component of the oilfield industry. The process of water hauling is seemingly basic and easy, yet its realities are far more difficult and complex. Hydraulic fracturing is highly dependent upon the importance of water hauling: water is used during the initial drilling process, as well as the subsequent fracturing processes. Mixed with clay and other chemicals, the water delivered by water hauling trucks is used to carry shale cuttings to the surface for disposal. The water supply delivered through water hauling is also critical to the lubrication and cooling of the drill bit. When fracturing the shale, water hauling trucks deliver supply that is injected into the shale at incredibly high pressures, thus creating a series of thin cracks that release trapped sources of natural gases and petroleum. These important water supplies are transported by water hauling trucks that deposit their loads in impoundments or tanks for storage prior to its consequential use.
The present boom in the oil and natural gas industries has given rise to a growing demand for Pipe Hauling companies. These Pipe Hauling companies transport and install important pipe lines crucial to the effective and efficient drilling of crude oils and gas. Pipe Hauling companies are tasked with an overwhelming breadth of imperative projects. Pip Hauling companies must move thousands of tons of finished pipe from steels mills to construction sites in a process that involves many steps. Pipe Hauling companies generally drive flatbed carriers: flatbed carriers are vehicles with flat and level bodies, yet without sides or roofs. Thus, Pipe Hauling companies operating flatbed carriers inherently have more flexibility in the shape and size of its loads perfect for the unconventional shape of oilfield piping. Because the cargo is exposed, Pipe Hauling companies must be meticulous in carefully securing their load and inspecting the quality of the goods upon delivery.
Pipe Hauling companies are sometimes faced with unconventional or unusual site locations for drilling. In these instances, Pipe Hauling companies are challenged to haul sometimes bulky, abnormally-shaped piping to sites and locations that are difficult to access and reach. Some oil shales are located in obscure or difficult terrain, meaning that Pipe Hauling companies must navigate through tight, rocky, or poorly maintained landscapes. However, despite these obstacles, Pipe Hauling companies must nonetheless deliver their goods on schedule, and at a standard that satisfies the company's expectations of high quality, undamaged equipment and materials.
For Pipe Hauling companies, the delivery of cargo can at times be daunting. Upon delivery, Pipe Hauling companies must assist in the unloading, racking, storing, and finally assembly of the pipe lines. These processes require requires a breadth of skill and knowledge, especially with regard to sites requiring the stringing services of pipe lines. In these cases, Pipe Hauling companies must use specialized trucks that are capable of towing the stringing trailers necessary on site. Once on site, the stringing trailers delivered by the Pipe Hauling companies are used to carefully monitor the placement and execution of the pipeline design to ensure that it functions smoothly and properly. Pipe Hauling companies are sometimes also responsible for the stretching of pipe lines when necessary. After the Pipe Hauling companies assist in the assembly of the pipelines, a welding crew will use truck-mounted welders and welding sleds to weld the pipeline joints securely. Finally, the freshly installed pipeline will undergo a series of rigorous test to evaluate its quality, durability, and resistance to weather and climate conditions.