Oilfield Services Company uses Oilfield Services Finance to fund customers selling terms.
"Commercial Finance Partners understood our customer base and selling terms."
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Oil Field Services Finance

Oil Field Services Finance is for companies that provide products or services to the oil and gas industry and require working capital to cover longer selling terms with customers. Oil Field Services Finance can be used by companies that sell products that are used in the drilling process, to companies that provide maintenance, service and transportation of oil.

The most common types of oil field services funding are:

The type of Oil Field Services Finance a company will use will primarily depend on when in the trade cycle working capital is needed. If you are able to deliver products and services to the customer, however, do not want to wait until customers pay to replenish cash flow then Receivables Finance or Invoice Factoring will be sufficient. If you require working capital to deliver products or provide services then Production Financing or Contract Finance will be the right solution.

Terms in the Oil Field Services industry are often Net 90 days or greater. Oil Field Services companies must have a strong enough gross margin to cover the cost of extended customers terms. Customer creditworthiness is especially important due to the extended terms.

While there are several forms of Oil Field Services Finance available, each has its positives and negatives. In many cases more than one form of financing can be used to generate capital. Choosing the right working capital facility with the right lender can make all the difference.

Call us today at 561-299-1609 to discuss your Oil Field Services Finance options.

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