Whether your company is involved in the upstream or midstream oil and gas industry — non-destructive testing, welding, hydrovac, pipeline contracting or another important element of the oil drilling and seizing process — chances are you’re busy building relationships with trusted customers in the energy sector and your products and services are in high demand as your reputation in the field grows.
The Canadian Association of Petroleum Producers predicts that capital spending in the natural gas and oil sectors is expected to continue increasing, and successful oil and gas companies are capitalizing on higher commodity prices and growing global demands.
But if the opportunity to expand your business is being met head-to-head with the reality of cash flow challenges, you need an influx of working capital to move forward. Invoice factoring might be the optimal solution to your energy company’s need to grow and meet immediate cash flow needs.
After approval, we will advance your business up to 85% of the value of your invoices.
We will collect payment from your customers and we’ll pay you the remainder of the balance (less applicable fees).
You’ll be able to view invoices in our real-time 24-hour online reporting system, where you’ll have full access to funding status.
The process can be customized to match your needs. For example, Liquid Capital can time our financing to match your payroll so you always have enough money to pay your staff.
Invoice factoring is a flexible solution for energy companies, as you are also able to decide how long you need to use invoice factoring services. Liquid Capital won’t lock you into a long-term contract. If you have months where you have adequate cash flow and don’t need to factor your invoices, you are able to opt out of the process.
