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 Vac Trucks all across North America.
At TCI Oilfield Factoring we provide our Oilfield Factoring lines to Vac Trucks who are working on the front lines of America's energy sector. These Vac Trucks 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 Vac Trucks by eliminating the customary red tape that is common in the finance industry.
Oilfield Factoring for Vac Trucks
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 Oilfield Vac Trucks.
Our "Easy to Set Up" Factoring Lines can ease that stress by allowing Vac Trucks to access the capital that is tied up in their Accounts Receivables. As a result of using our Oilfield Factoring service, Vac Trucks 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 Vac Trucks is 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 Vac Trucks 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 Vac Trucks invoices.
TCI Oilfield Factoring Company provides several complementary services for our Vac Trucks customers including:
A/R Management for Vac Trucks
Vac Trucks 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 Vac Trucks
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 Vac Trucks
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 Vac Trucks
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 Vac Trucks
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 Vac Trucks
Vac Trucks are tank trucks that are equipped with a powerful and durable vac. The purpose of Vac Trucks is specifically the siphoning of large solids, liquids, or sludge through long suction lines, usually with a diameter of 3 inches. The pumps of Vac Trucks can be mounted and transported in one of two ways: first, Vac Trucks can place the pump directly on the truck; second, Vac Trucks may also mount the pump on a trailer specifically equipped with a pony motor. Each of these divergent methods has its own merits and advantages, especially with regard to the handling characteristics of the truck and pump. The pumps of Vac Trucks operate through sophisticated technology: the vac pump pulls air through a final filter, a secondary shut off, and a primary shut off to create a strong vac in the tank. In other words, the pumps of Vac Trucks use centrifugal force to create a rotary vein vac in the tank.
The present growth in American oil and gas industries has allowed the expansion and success of many trucking companies. Vac Trucks have certainly occupied a prominent place in this growing industry, and serve as valuable pieces of machinery in the efficient operation and execution of drilling projects. Vac Trucks are specifically used for the purpose of removing drilling mud, collecting drill and rock cuttings, cleaning up cement, and removing brine water from production tanks.
Given the meticulous, highly technical nature of oilfield drilling, it is paramount that the drill site is well maintained and clean. Vac Trucks are particularly adept at fulfilling these functions: the suction capabilities of Vac Trucks are ideal for removing any rock cuttings and grime that may build up into the pipelines, thus restricting the flow pathways of the crude oil and gases. The suction devices of Vac Trucks are also designed to handle unexpected instances requiring clean up or maintenance: Vac Trucks are often requested on site in the instance of an oil spill. Furthermore, Vac Trucks are capable of sucking up any miscellaneous trash, residue, or grime polluting the site. Another important element of Vac Trucks is their storage ability: subsequent to suctioning up fluids, oils, or other residue, Vac Trucks are able to suck up debris into mounted storage tanks. Vac Trucks may then transport this cargo to specific locations for protected disposal. Further, the ability to siphon such materials directly into storage tanks protects the health and safety of the oilfield workers: Vac Trucks reduce possible exposure to hazardous chemicals or fumes. This versatility is critical to the success of Vac Trucks and their services in the oilfield industry: the capacity a wide variety of important tasks renders Vac Trucks an invaluable contributor to any efficient drill site.