Oilfield invoice factoring turns your completed job invoices into immediate working capital. Instead of waiting 60-120 days for payment from operators or prime contractors, you sell us the invoice and receive up to 90% of its value within 24 hours.
This isn’t a loan; there’s no debt, collateral, or personal guarantee. Approval is based on your customer’s credit, making it ideal for startups, fast-growing companies, and companies impacted by oil price swings.
Factoring bridges the cash flow gap so you can cover payroll, fuel, equipment, and materials while we handle collections, credit checks, and payment tracking.
We keep it simple, fast funding so you can focus on keeping rigs running, crews working, and contracts moving forward. Our 24-hour process matches the speed of the oil patch
Once you’ve completed the job, upload your invoice through our secure online portal.
For new clients, we’ll request a simple setup packet including your business info, W-9, and proof of completed work.
We base approvals on your customer’s credit, not yours, so even newer companies can get funded quickly.
Once approved, funds are sent to your account within 24 hours. We also handle collections, freeing your team from chasing down payments.
Bank financing often moves too slowly for the oil patch. Applications can take weeks, require years of financial history, and demand collateral or high credit scores. By the time a loan is approved, you may have already missed profitable contracts or struggled to meet payroll.
We don’t require you to risk your assets. If your customer is creditworthy, you can get funded, even as a startup or during a market recovery.
The more jobs you take on, the more funding you can access. From a single rig move to multiple projects, your cash flow scales with you.
Factoring keeps cash coming in whether oil is $20 or $120 a barrel. You can plan operations without worrying about payment delays.
We manage credit checks, collections, and payment tracking so you can focus on keeping rigs turning and crews working.
Our factoring programs are built for the full spectrum of oilfield businesses, from startups taking on their first contract to established operators running multi-state crews. If your company invoices other businesses in the oil and gas sector, we can turn those invoices into immediate cash flow.
Factor rates typically 1-5% based on customer payment terms
Factoring isn’t just for large corporations; if you meet a few simple criteria, you could get approved in as little as 24 hours.
You issue invoices to other businesses, not individual consumers.
Your invoices are for oil & gas work delivered to other companies.
Payment requests are based on finished projects (no progress billing).
Your clients are established, reliable companies.
You have a functioning business, whether you’ve been operating for years or just opened your doors.
How quickly can I access funds after invoice submission?
In most cases, you’ll receive funding within 24 hours of submitting your invoice. If you send it before 2 PM CST, same-day funding is often available.
What happens if my oil company client doesn't pay?
In recourse factoring, you’re responsible for repaying the advance if your customer doesn’t pay. In non-recourse factoring, we assume the risk if the customer can’t pay due to insolvency; terms apply.
Can I factor invoices from major oil companies like ExxonMobil?
Yes. At Factoring Express, we work with invoices from major operators, prime contractors, and E&P companies, provided they meet our credit approval standards.
Do you work with new companies started since the oil boom?
Absolutely. We often help startups and younger businesses that can’t yet qualify for traditional bank financing.
Can I choose which invoices to factor?
Yes. You decide which invoices to submit. At Factoring Express, there are no monthly minimums or long-term commitments.
Will my customers know I'm factoring invoices?
In most cases, yes, because payments are directed to a secure lockbox in our name. However, Factoring Express also offers private label factoring to keep our role invisible.
How does factoring affect my banking relationships?
Factoring is not a loan, so it won’t add debt to your balance sheet. Many clients continue working with their banks for other services while using us for cash flow.
What's the difference between recourse and non-recourse factoring?
Recourse factoring requires you to buy back unpaid invoices. Non-recourse shifts certain credit risks to us, giving you more protection
Complete our 3-minute oil patch application online
Upload your oil & gas invoices through secure portal
Receive approval decision within 24 hours
Get same-day funding upon documentation completion
Contact Our Oil Patch Specialists
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