Invoice Factoring for the Oil & Gas Industry: Improving Your Cash Flow Pipeline

Posted by NCF On August 28,2018
Almost every aspect of our economy depends on the oil and gas industry, right down to the supply chains that move energy resources and finished products from coast to coast, and even overseas. Oil and gas sales are on the rise, but that doesn’t mean revenue is coming in any faster.

Business is Faster Today than Just a Few Years Ago

Everyone from private homeowners to gas stations, heating companies, petroleum distributors, on up the market have the ability to monitor gas an oil, and place orders immediately. In response, oil and gas companies have had to improve supply chains and response time. However, despite advances in the oil and gas industry, the aging windows on invoices has remained the same. Customers at all levels still have up to 90 days to remit payment on open invoices. The lag in revenue is felt on the back end, and companies cannot keep up with customer demands because the capital simply isn’t there to maintain overhead expenses. If there were a way to bri

Distributors: Maintaining Inventory for Increasing Demand

Posted by NCF On August 21,2018
Distributors are experiencing an increased demand from all industries. Being able to supply businesses ranging from the healthcare industry to the energy sector, retailers, and everyone in between is essential for success. Yet the increasing demand from customers means distributors are facing large and unexpected orders, and keeping a well-stocked inventory is a necessary part of the supply chain, and integral to economic growth.

Distributors and Staggered Payment Schedules

When distributors fill orders from clients, invoices are issued with staggered payment schedules ranging from 30 to 90 days. The staggered payment schedules reduce the rate of incoming revenue, which can place a severe strain on finances when distributors are facing an uptick in the size and volume of orders placed by customers. Some distributors resort to taking out short-term loans to bulk up th

Financing Businesses in the Service Industry

Posted by NCF On August 14,2018

The service industry has exploded over the past few years. Conservative estimates place the combined revenue of the entire service industry at close to one trillion dollars annually, though most realists would place figures over that amount. However, despite high sales and revenues, service companies have a difficult time securing loans and other types of financing needed for general growth or to expand into new markets.

Service Companies and Loans

Service companies provide intangible products and services. Trucking, Software as a Service (SaaS), janitorial companies, legal firms, and more fall under the umbrella of the service industry. These businesses provide intangible goods and services, and are not direct manufacturers. Since many of these companies do not provide physical goods and use leased equipment, they are able to lower overhead expenses while increasing sales. Unfortunately, the lack of fixed assets means ther

Debt-Free Growth Strategies for Manufacturers

Posted by NCF On August 10,2018
The current economic climate is favoring manufacturers, and taking advantage of growth opportunities can help business owners carve out a larger market share for their companies. However, using traditional loans can keep manufacturers from growing to their full potential.

Debt Has a Ripple Effect

Growth is about reaching new milestones, tapping into new markets, and rolling out new products. Traditionally, growth projects involve taking out loans, which impact credit scores and place debt on the balance sheets. The balance on the loan is repaid from a portion of the post-growth revenue. Yet growth combined with debt is a big risk. Even if sales are low during that period immediately following expansion, loan payments must be made or else the business is in danger of defaulting. At the same time, manufacturers still have to maintain overhead expenses, payroll, maintenance on equipment, and more. Frequently, manufacturers end up scaling back their plans for growth to figure ho

Grow your business! Simple solutions to gaining Cash!

Posted by NCF On August 29,2016
  New business or old established businesses sometimes need additional cash to expand, implement new programs, purchase additional equipment, or add new staff to the increased demands. What are some tactics to get you the cash you need? Business Loan Small business owners can usually qualify for a small business loan easier than qualifying for a traditional loan, but it takes a while to get approved. You can receive information about an Small Business Administration (SBA) loan through your local lender. To qualify for this loan your business must meet qualifying criteria and provide statements of tax returns, personal history, profit and loss statements, loan application history, resume, bill of sale, and your lease agreement. This works through your local lender to guarantee repayment to your financial institution should you default on th
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