As Your Business Grows
We Deliver The FUNDS
We Deliver The FUNDS
Is your money tied up in 30 to 90 day terms to your customers?
At 1st Commercial Credit, we can provide your business with working capital by using your accounts receivable as collateral. This type of financial service is available to oil and gas exploration service providers and field equipment suppliers such as seismic survey or geophysical operators, manufacturers of drilling fluids, drill rigs, lifts, geophysical prospecting equipment, pipes, pumps, production tools, valves, wellheads and many more.
There is no need to borrow money if you have uncollected receivables from good credit worthy accounts.
Oilfield Service companies have to sell on open credit terms. Due to the nature of long collections in the oil and gas industry, accounts receivable become a tangible asset that is easily taped into liquid cash flow.
Many large companies use this type of financing to increase their cash flow for daily expenses. There is no need to borrow money if you have uncollected receivables from good credit worthy accounts.
1st Commercial Credit offers factoring services to small and medium-sized businesses with as little as $10,000 a month in sales volume and up to $10 million in receivable assets.
1st Commercial Credit offers factoring services to small and medium-sized businesses with as little as $10,000 a month in sales volume and up to $10 million in receivable assets. If your business would benefit by converting your accounts receivable to working capital, we can help. Get initial funding in 3 to 5 working days. No financials needed, No up-front fees to set up, it is that easy.
Service companies that are in the oil and gas industry that need to offer credit terms to customers utilize our funding program. Oilfield companies can easily tap into their receivables asset for immediate cash flow. You may offer credit terms to new and larger customers at an affordable cost, take advantage of early pay discounts offered by your suppliers, buy larger quantities with additional discounts, and countless other opportunities that your manufacturing business is missing out on.
Recent Transactions:
$350,000 | Invoice Financing for Industrial Coatings Pipeline Repair Company
