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Oilfield factoring from Charter Capital is designed to help oil and gas service companies with steady cash flow and working capital. Read on to find out how the factoring process aims to grow the American energy sector by helping oil and gas services.
How does factoring for oil and gas companies work?
Most clients of oil and gas companies make payment on their invoices after 30 to 60 days, leading to a cash flow crunch. An oilfield factoring company such as Charter Capital ‘buys’ the unpaid invoices from these oil and gas companies to provide immediate working capital.
Which oilfield companies can use our factoring services
1. Wireline services
2. Environmental clean up
3. Tank & pipe cleaning
4. Plugging contractors
5. Acidizing and cementing
6. Slickline services
7. pit clean up
oil and gas factoring
8. Flowback testing
9. Fishing services
10. Well servicing
The energy sector in America is a highly competitive one and companies that are suffering from cash flow issues can fall behind. If you are an oil or gas company, take advantage of our robust oilfield factoring process to receive immediate cash for your operations. For more information on oilfield factoring, contact Charter Capital today!
Homepage: https://www.chartercapitalusa.com/industries-we-serve/invoice-factoring-for-oil-and-gas-service-companies/
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