Invoice Financing for Oilfield Services
As you know, it can take 30 days or longer for clients to pay your invoices. You can get the money faster with invoice financing, which pays you for your accounts receivables. Invoice financing also helps you reclaim the time you lose in trying to collect payment, so you can pay your bills and employees.
Stop worrying about making payroll and paying vendors
As soon as you feel a twinge, you know it's payday and time to pay vendors. Out of respect for your employees and suppliers, you pay them on time. However, you have little control over when payment comes to you for your accounts receivables. Invoice financing puts you in control.
It's easy to qualify if your oilfield services company earns over $1 million in annual sales.
How invoice financing gets you cash faster
As an established client, you'll receive invoice financing almost immediately after submitting your confirmed invoices using this simple process:
- You submit a list of invoices you've sent to your clients that you want financed now.
- Capital Solutions verifies the invoices are valid.
- Capital Solutions wires you 80% of the invoice total on the same day of the invoice verification.
- You receive the rest of the money minus Capital Solutions' services fee as soon as your client pays the invoice.
Five fast steps to funding outlines the entire process from the first meeting to the wiring of funds to your account.
If you'd like, you can ask us to take care of collections for you. This gives you more time to focus on the areas of your business that you enjoy.
How does invoice financing affect your client relationships? It doesn't. Only two things change: how they write their checks and where they send it.
Please contact us with your questions about financing services -- no obligation.
What Our Clients Are Saying
- Brenda and Mark Neufeld,
In our very first conversation I noticed that you not only understood our situation, but also the Oil & Gas trade. Capital Solutions has been an invaluable help... We have grown our business exponentially thanks to you. I can now probably qualify for a traditional line of credit (...but I'm not sure I want to).
B.N.M. Piloting Services
- Keri Gray,
The HUGE difference I found since we are working with you... is in the day-to-day life... Since Capital Solutions is funding us there is no "fear"... when I talk to a vendor or need to make payroll. You guys have also bent over backwards... to make it work for us. I really appreciate that.
- George Del Toro,
We were funded [in 10 days] (the approval process was very smooth). The way I spend my time has changed dramatically since then. I can spend as much time as I need visiting with customers and out on the field... In closing I would like to tell you that Capital Solutions has made it possible for GDT Well Service, Inc. to triple (300%) its business in the last year, without any of the "growing pains".
GDT Well Service