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What is oil and gas factoring and how can it help your business? Oil and gas factoring occurs when oil & gas services companies provide oilfield factoring or gas factoring oil field services industry. Charter Capital is one of the best oilfield services companies here. Here’s what we do:
Charter Capital’s oilfield factoring services
Charter Capital provides oilfield factoring services and oilfield factoring solutions for several oil & gas service companies. Charter Capital invoice factoring program has been designed to provide Oilfield Factoring lines to Oilfield Service companies working in America’s growing energy sector. These companies choose our Oilfield invoice Factoring services because they require working capital, and are not able to obtain much-needed financing from their bank.
oil & gas services companies
Benefits of Charter Capital’s oil and gas factoring
Add additional employees
Settle outstanding debt or tax obligations
Negotiate supplier discounts
Reduce bank NSF charges
Underwrite acquisitions of other service companies
To meet critical operating cash needs such as payroll
We provide Oilfield Factoring services to Oilfield Service companies nationwide. In the Oil and Gas industry, 30 to 90-day pay terms are standard. These extended payment terms create a “Cash Flow Crunch” for oilfield service companies.
The use of invoice factoring allows you to obtain immediate cash to accelerate growth and profits, all without having to take out a loan.
Contact Charter Capital for oil and gas factoring solutions, today!
Here's my website: https://www.chartercapitalusa.com/industries-we-serve/invoice-factoring-for-oil-and-gas-service-companies/
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