Oil and Gas Factoring
With payment terms in the oil and gas industry stretching from 30 to 90 days, your cash-flow concerns are growing. Oil and gas factoring gives you the cash you need to succeed in this industry.
Six benefits that factoring brings to your service business:
- 1.Meet your payroll obligations.
- 2.Even out your cash flow, despite sales fluctuations.
- 3.Keep cash on hand to hire highly skilled personnel.
- 4.Augment your overhead to enhance your operations.
- 5.Expand into new territories.
- 6.Access debt-free working capital to fund research and development.