Invoice Factoring For Oil and Gas Service Industry
At GMA Factor our focus is on superior customer service while we give growing businesses an alternative to conventional bank financing. GMA Factor promptly offers oil and gas companies a steady stream of cash through the invoice factoring of their account receivables.
Extended terms and long collection cycles are not unusual in the oil and gas business; however, these practices can have a significant impact on cash flow. Whether you are in exploration, production, or service, invoice factoring can help you improve your cash flow. Our experienced experts provide financial solutions for a number of oil and gas-related businesses who provide welding and fabrication services, pipes, pumps, production tools, wellheads, and more. We understand that waiting 30, 60, or 90 days for payment of an invoice ties up your working capital. By receiving payment immediately upon invoicing, through our factoring program, you will have the funds to grow your company, pay your suppliers and to meet your payroll. We wait for your customers to pay – not you.
GMA Factor advances you up to 99% of the invoice amount immediately and doesn’t sign you on to any long-term contracts. Get started immediately by filling out the quick application on the right-hand side of this page or go to our online or downloadable application.