Oilfield factoring is an extremely simple and straightforward process. By eliminating the red tape of traditional lending practices, we are able to get our clients the essential capital they need as quickly as possible.
Here’s how it works: You send us the invoices you would normally send to your customers, we pay you for them the same day, then we collect the payment from your clients. It’s that easy.
Getting set up with an oilfield factoring agreement is a simple, three step process.
Step 1) Get A Quote
Give us a call and we’ll connect you with one of our Oil and Gas Factoring specialists. After a few questions, they will offer you a free, no-obligation quote. Our underwriting guidelines allow most customers to receive approval in 30 minutes or less, meaning you will have your answer as soon as possible.
Step 2) Submit Invoices and Related Documents
Once you have approval, we can immediately schedule your first funding. We can accommodate almost any time table, and even offer an expedited service for those that have an immediate need for a cash infusion. During this process, your factoring specialist will walk you through the agreement and have you send in all the necessary documents along with the invoices.
Step 3) Get Paid
That’s it! Once you are set up, we will either wire or ACH the money directly into your account, whichever you prefer. From here on out, you can simply send us your invoices without having to worry about a delay in customer payment ever again. You can operate your business confident in the knowledge that we will always pay you the same day we receive your invoices for the duration of the agreement.
TCI Business Capital has spent over 20 years serving companies all across North America in a range of industries and situations. This invaluable experience means we have the knowledge and expertise that makes of the best choice when choosing a factoring company to partner with. TCI Business Capital has customized factoring programs, designed to meet the unique cash flow needs of each client. From cash flow to service and success, TCI Business Capital makes sense.