Are you struggling to find effective ways to finance your oil or gas business?
At Porter Capital, our oil and gas financing services provide a sustained cash flow boost to fund growth and help your business operate effectively. You don’t have to have a perfect credit record or go through a lengthy application process. If you issue invoices to business customers, we can send you a cash advance in as little as 24 hours.
Our oil and gas invoice factoring solution is simple. Once you issue an invoice to a customer, assign the invoice to us. We will advance you between 85% and 90% of the total invoice value in as little as 24 hours. So you don’t need to wait 30, 60, or even 90 days to receive the payment. We will then collect your customer’s payment when it’s due. Then, we pay you the remaining balance, minus our small factoring fee.
We offer low factoring fees that start at just 0.75% and provide advances worth up to $10 million per month. If you’re frustrated by slow payments from customers, have a slow cash flow cycle, or want a fast funding option that you can use as and when it’s required, this could be the perfect solution for you.
The Benefits of Oil and Gas Factoring
With market prices that fluctuate rapidly and lengthy payment terms standard in the industry, many oil and gas companies struggle to maintain the cash flow they need to cover operational costs. This is where oil and gas fac