The energy industry is a cornerstone of the American economy. From oil and gas to hydroelectric, renewable energy, emerging technologies, and more, every aspect of commerce and life involves the energy industry. While most businesses in the energy industry issue invoices to their clients and customers, cash flow is not as strong as it could be, due to outstanding payments caused by staggered invoice schedules of 30, 60, and even 90 days.

At New Century Financial, we specialize in accounts receivable factoring services to unlock the revenue that is tied up in unpaid invoices and provide energy companies with the cash flow they need to thrive and grow.

Optimizing Cash Flow for the Energy Industry

The energy industry relies on payments from customers and clients in order to cover overhead, make payroll, grow operations, and build up capital reserves. Sales are great, but staggered payment schedules can get in the way of cash flow.

When invoices are attached to payment windows of 30 days or longer, cash flow can slow down to a trickle, preventing businesses in the energy industry from reaching their full potential. Accounts Receivable Financing, or contractor factor financing, from New Century Financial changes all of that by converting outstanding invoices to cash.

a general discussion about energy

two industrial service engineers conduct a safety check of a control panel and boiler room at a power station . They are both wearing safety equipment and are looking at a control panel .

Our Factoring Services accelerate cash flow by eliminating staggered payment schedules and making funds available within 24 hours of receiving your unpaid invoices. New Century Financial provides comprehensive factoring for the energy industry that features:

  • Streamlined approval process
  • Cash for invoices available within 24 hours
  • No term contracts
  • 24/7 support & reporting
  • Zero upper limits
  • No hidden or extra fees
  • Choose which invoices, or parts of invoices, get funded
  • Accessible off-balance sheet capital

Factoring for the Energy Sector

New Century Financial provides accounts receivable factoring for various businesses within the energy factoring sector, from manufacturers to distributors, transportation, contractors, and more. We understand the importance of a healthy cash flow and access to working capital.

renewable energy systems engineering

We also know that off-balance sheet financing is cost-prohibitive, especially for recurring cash flow issues. For these reasons and more, our team is committed to providing accessible and off-balance sheet solutions with our contractor financing factoring services. Accounts receivable factoring from New Century Financial offers a variety of benefits to companies in the energy sector, including:

  • The ability to cover payroll and operating expenses
  • Smooth out cash flow during uneven revenue cycles
  • Augment overhead
  • Build up capital reserves for growth
  • Expand into new markets
  • Roll out new R&D initiatives
  • Access off-balance sheet working capital

Fast and Flexible Factoring for the Energy Industry

Factoring for the Energy Industry should be fast, flexible, accessible, and transparent. For these reasons, New Century Financial provides the energy factoring industry with features such as no hidden fees, no long-term contracts, and access to funds within 24 hours of submitting invoices.

contractors discussing energy factoring

Your business should not have to slow down due to unpaid client invoices, and our team is committed to optimizing your cash flow so you can cover your bases and build up capital for growth. To get started today, contact New Century Financial.

Take five minutes to read our "Entrepreneur’s Guide to Factoring” for more information and call us at 800-805-8380 or Apply Now to get started.

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