Oilfield Invoice Factoring
Fast Funding for Oilfield Service Companies
Get same-day funding for your oilfield invoices. We provide fast, reliable invoice factoring services to a wide range of companies, including oilfield trucking, rustabouts, well site services, waste hauling and disposal, and surveying.
Invoice Factoring for the Oil & Gas Industry
Waiting 30, 60, or even 90 days for customer payments can strain your cash flow. At Quickpay Funding, we offer a simple solution: sell your outstanding invoices to us and receive funding the same day. Our oilfield factoring solutions are designed to give you the steady cash flow you need to maintain a strong business and fuel your growth, all without taking on new debt. Our team understands the unique challenges of the oil and gas industry, and we’re dedicated to helping you find the perfect funding solution.
Get Paid Faster
Instead of waiting for your customers to pay, you’ll get paid the same-day you submit an invoice.
Grow Your Business
We handle billing and collecting while you stay focused on growing your business.
24/7 Oilfield Factoring
We fund the oil & gas industry 24/7/365, including weekends and even on bank holidays.
Who We Fund
Financing for All Types of Oilfield Services
Advantages of Quickpay’s Oilfield Factoring Program
Fast Funding
Get paid the same day you submit an invoice and avoid delays from slow paying customers.
Back-Office Support
We provide free back-office support such as invoice collection, credit checks, bond filing, and more.
Client Portal
Access your account 24/7 through the Quickpay Portal and manage your cash flow anywhere, anytime.
24/7 Availability
Our team of experienced professionals is ready 24/7 to answer your call and help with your funding needs.
No Cutoff Times
There’s no cutoff time when you fund with Real-Time Payments. When we say we’re open to fund our clients 24/7, we really mean it.
Flexible Funding
Factor only the invoices you need, when you need it. This adaptable solution grows with your business.
…and more!
Apply for Oilfield Factoring Today!
Our application takes approximately 5 minutes to complete once registered.
Oilfield Factoring FAQs
What is oilfield factoring?
Oilfield factoring is a financial service that allows oil and gas companies to sell their outstanding invoices to a third-party invoice factoring company (like Quickpay Funding) at a discount. This provides immediate cash flow, eliminating the wait for slow-paying customers.
What types of oilfield services do you finance?
We finance a wide range of oilfield services, including:
- Oilfield Trucking
- Well Servicing
- Welding
- Drilling
- Cattle Guard Installation
- Archeological & Cultural Resource Management
- Aggregate Supply
- Roustabout Services
- Land Surveying
- Pad Rentals
- Demolition
- Waste Hauling & Disposal
- Fence Installation
- Crane Services
- Pipeline Services
How does oilfield factoring work?
1. Provide your services to your customer and send them an invoice.
2. Submit the invoice to Quickpay.
3. We pay you within 24 hours.
4. We wait and collect the payment from your customer.
How can invoice factoring help my oilfield business?
Oilfield factoring provides immediate cash flow by turning your unpaid invoices into working capital. This allows you to:
- Take on new projects: Don’t miss out on opportunities due to slow-paying customers.
- Cover operational expenses: Pay for fuel, labor, equipment, and supplies without delays.
- Invest in growth: Expand your operations and hire new employees.
- Manage cash flow: Avoid cash crunches and maintain financial stability.
How quickly can I get funded?
Quickpay Funding offers some of the fastest funding in the industry. You can receive cash for your invoices within 24 hours of approval.
How do I get started with Quickpay?
Getting started is easy!
1. Contact us: Give us a call or fill out our online form.
2. Get a free quote: We’ll provide a no-obligation quote based on your needs.
3. Submit your invoices: Start factoring and get paid faster!
Still have questions? We’re here to help! Contact our team of oilfield factoring experts to discuss your specific needs and find the best solution for your business.