Financing The Oilfield Industry

Waiting To Get Paid On Net 30, 60, or 90 Day Terms?

Over 18 Years in Business

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Invoice Factoring and Lending for the Oilfield Industry

Is your money tied up in 30 to 90 day terms to your customers?

Oilfield Industry Financing
Financing the oilfield industry is a very simple process for us. Our clients sends us the invoices with the signed proof of delivery for job completed and we fund.

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. Start Today

Invoice Factoring Rates at 0.69% to 1.59%

18 Years In business & Over 3,200 Clients Funded

  • Fast Approval Process
  • No Up Front Fees to Set up
  • No Financials Required
  • Low Credit Score Accepted
  • 3 to 5 Day Initial Setup
  • Free Invoicing Software

1st Commercial Credit is a factoring company that provides receivable based financing for the oilfield Industry.

There is no need to borrow money if you have uncollected receivables from good credit worthy accounts.

oil service companies
We offer high credit limits from the beginning capable of increasing depending on your needs and qualifications. Decisions are made within the day. Account set-up can be accomplished in 3 to 5 working days and funding occurs within the following 24 hours.

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. Many large companies use this type of financing to increase their cash flow for daily expenses.

Why Choose Us?

Accounts Receivable Financing is our Business. 18+ years in business

  • Financing Rates at 0.69% - 1.59%
  • $10,000 & up to $10 million Facilities
  • No Financials Required
  • Set up in 3 to 5 working days
  • No up-front fees - No hidden fees
  • No facility fees - No Audit Fees
  • We Make Same Day Decisions
  • No Monthly Minimums
  • No Invoice Minimum Fees

1st Commercial Credit offers factoring services to small and large oil service companies

1st Commercial Credit offers factoring services to small and medium size businesses with as little as $10,000 a month in sales volume and up to $10 million in receivable assets.

oil drilling company men
You do not have to worry about financials, monthly minimums, invoice minimums or require facility fees. Factoring receivables with us do not involve up-front fees, audits or hidden charges.

1st Commercial Credit offers factoring services to small and medium size 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.

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Receivable Financing Rates

Financing Rates at 0.69% to 1.59%

  • Quick Approval Process!
  • No Financials up to $350k
  • Easy Set-Up in 3 to 5 Days
  • Over 18 years in business
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Who Are the Oilfield providers that take advantage of our financing programs

  • Cash flow shortage due to payments coming in slowly.
  • Oil Service Industry will not qualify for rigid bank loans.
  • Uneven spike in sales and income.
  • Long term jobs drain cash flow before invoicing.

1st Commercial Credit Provides Asset Based Lending, Purchase Order Financing and Factoring to all States:

Select your state to learn more about how 1st Commercial Credit can help!

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