Customer Focused Factoring
USTFP provides excellent factoring solutions from an industry-leading invoice factoring provider that helps oilfield services companies of all sizes quickly increase cash flow without taking on debt. As the oilfield market continues to expand, USTFP’s same-day funding solutions enable welding, trucking, drilling and other oilfield services companies to meet expenses and grow at a faster pace.
Given the current state of oil prices, many large energy companies and service providers have further extended their payment terms in order to conserve cash. This also comes at a time when financial institutions have begun to shy away from new energy lending and have in some cases begun shrinking or exiting their exposure to Oil Field Service Company credits.
This is not a complete list; however, it covers a majority of the companies that should consider whether factoring their receivables can provide them the cash flow they need and to fund expansion opportunities. We invite your interest in our solutions.