Invoice factoring for oil and gas companies

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.