Oilfield factoringPosted by Raymond Horner on April 29th, 2021 Oilfield factoring services address the need for immediate cash when waiting for a client to pay up. Factoring for oil and gas companies is the process in which companies sell their invoices to oilfield factoring companies so that they can obtain quick cash flow. Viva Capital is the expert when it comes to oilfield factoring solutions. Learn more below. Why should you use oil and gas factoring? Waiting on a customer or client to pay can lead to a halt on your operating and payroll expenses. With this halt, comes a reduction in oil and gas services that will impact your company’s income, as well as lead to unhappy customers and staff. Instead of waiting for a bank loan which can take months to implement, oilfield factoring services will provide you with cash almost immediately. An oilfield factoring company such as Viva Capital can get you the cash you desperately need within the same day. Turn invoices into cash immediately with our expert services. Advantages of Viva Capital’s factoring for oil companies High advance rate oil and gas factoring Your business can quickly expand factoring lines and grow A 24/7 account access and customer portal at your disposal We work with you and provide you with support throughout your financial journey Viva Capital handles all your back office and collection needs It’s not hard to see why you should consider Viva Capital for your oilfield factoring needs. If you want to learn more, contact us today!Like it? Share it! |