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Canada Oilfield Factoring
Invoice Factoring Services for all of Canada

Canada Oilfield Factoring

Factoring Solutions for Oilfield Service Companies in Canada

Canada oilfield factoring is the oilfield factoring division of TCI Business Capital. Since 1994, we have provided “Best in Class” oilfield factoring services to thousands of small to mid-size companies in North America.

We provide oilfield factoring lines to oilfield service companies working on the front lines of Canada’s energy sector. These companies choose Canada oilfield factoring services because they need immediate cash to meet payroll, pay bills, buy equipment, and more.

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.

Canada 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.

canada oilfield factoring

How does Oilfield Factoring Work?

Instead of waiting to get paid on your oilfield invoices, get paid same-day by factoring with Canada Oilfield Factoring.

  1. Submit Your Invoices
    Send your invoices directly to Canada Oilfield Factoring instead of to your customers. We make sure your customers receive them and submit payment to us.
  2. Get Cash
    Once we receive your invoice, we provide you with an advance of your invoice amount within 24 hours. Our treasury department transfers the funds via ACH, wire transfer or deposit into a fuel card account.
  3. Focus on Your Business
    Instead of waiting to get paid and trying to collect payments from customers, you can focus on your business. We wait the 30 to 90 days for your customers to pay us. If we see a payment is not being made, our team of collectors professionally handles the situation before a problem arises. Once payment is made, we provide you with the remaining five percent of your invoice, minus a small fee for our services.

Benefits of Oilfield Factoring

  • Funding on oilfield and gas receivables in 24 hours or less
  • Low rates
  • Competitive¬†advanceson your oilfield invoices
  • 24/7 online customer support
  • Terms from $50,000 to $20 million
  • Dedicated relationship manager
  • Collections department
  • Online reporting

Canada Oilfield Factoring

Oilfield service company owners in British Columbia, Alberta, Saskatchewan, and Manitoba use factoring to get the cash to operate and grow their businesses. To learn more about how oilfield factoring works and how it can benefit your business, call or contact Canada Oilfield Factoring today.