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 for Water Haulers, Water Hauling companies, and Water Trucks all across North America.
At TCI Oilfield Factoring we provide Oilfield Factoring for Water Haulers, Water Hauling companies, and Water Trucks who are working on the front lines of America's energy sector. These Water Haulers choose our Oilfield Factoring for Water Haulers 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 Water Haulers, Water Hauling companies, and Water Trucks by eliminating the customary red tape that is common in the finance industry.
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 Water Haulers, Oilfield Water Hauling companies, and Oilfield Water Trucks.
Our "Easy to Set Up" Factoring lines can ease that stress by allowing Water Haulers, Water Hauling companies, and Water Trucks to access the capital that is tied up in their Accounts Receivables. As a result of using our Oilfield Factoring service, Water Haulers, Water Hauling companies, and Water 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.
Step 1 - Get Quote
Call and get a free, no-obligation quote and approval from one of our Oilfield Factoring Company specialists. With our simple and straightforward underwriting guidelines most Water Haulers, Water Hauling companies, and Water 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 Water Hauling invoices.
TCI Oilfield Factoring Company provides several complementary services for Oilfield Water Hauling customers including:
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.
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.
With the recent prominence of hydraulic fracturing in the 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 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 haulers 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 trucks that deposit their loads in impoundments or tanks for storage prior to its consequential use.
The emerging field of water hauling means the necessary development of new equipment and technology. Water haulers operate with a vacuum pump mounted on the tractor behind the cab. On average, the standard oil patch vacuum semi-trailers are 120 barrel units, and require strong, durable underpinning to survive the overwhelmingly treacherous terrain of an oil patch. Using over the road tractors in this geographical climate is risky, and threatens to harm the integrity of the driver's vehicle and equipment: axels and springs intended for over the road use are vulnerable to snapping and breaking when introduced to an oil patch's topography. Additionally, water hauling drivers are equipped with heavy duty hoses specifically designed for water hauling, and thus capable of enduring the immense pressure necessary in the process of hydraulic fracturing. These preparations to equipment and vehicle are not sufficient for successful water hauling: instead, any individual hoping to undertake the process of water hauling must first undergo comprehensive training.
The water supplies carried by water haulers come from a diverse range of sources, including creeks, rivers, lakes, groundwater, and discharge water from industrial plants. At other times, water hauling trucks may indeed reuse fracturing water from prior projects.
At the present, conversation about hydraulic fracturing is largely characterized by concerns for the protection of groundwater resources. Thus, oilfield companies must ensure that the water supplies carried by water haulers-and later used in the drilling and fracturing processes-are necessarily permitted prior to use. In this manner, oilfield companies can guarantee that its water use does not harmfully affect others. The continuation of such efforts ensures that hydraulic fracturing remains a safe, effective means of obtaining natural oils and gases, without adversely harming the environment or natural topography. The innovation of hydraulic fracturing technology has prominently improved national environmental and economic imperatives, while also supplementing America's crucial energy needs: water hauling is critical to the continuation of these important efforts.