Accounts Receivable Factoring Services for Oil Field Businesses

This listing is for Accounts Receivable Factoring Services specifically tailored for businesses operating in the Oil Field sector. It offers a financial solution where companies can sell their outstanding invoices to a factoring company to receive immediate cash flow. Key features include funding up to 85% of receivables, with fee structures ranging from 0.69% to 1.59% or Prime + 2%. The service emphasizes flexibility with no financial requirements for the client, no monthly minimums, and no invoice minimums. The setup process is efficient, taking 3 to 5 days, and credit lines can range from $10,000 to $10,000,000. There are no upfront fees. To apply, clients need to provide a completed application, accounts receivable aging report, customer list with credit limits, articles of incorporation, purchase orders or rate confirmation agreements, and the invoices to be factored.