Oil and Gas financing
Do You Need Energy Funding for Your Oil and Gas Business?
Whitmore Financial understands the challenges facing companies from all corners of the oil, gas, and energy sectors, so we work as your cash flow partner to help with these challenges.
For more than four decades, we’ve provided invoice factoring and financing solutions to businesses in the oil, gas, and energy-related fields:
- Water Haulers
- Roughneck Crews
- Welding & Fabrication
- Torque/Testing Equipment
- Riggers
- Swampers
- Frac Tank Builders
- Heavy Haulers
- Hot-Shot Delivery
- Roustabouts
- Crane Operators
- Field Safety Reps
Oilfield service providers and suppliers to the oil and gas industry often run into cash flow problems when they have to wait 30-60 days for payment. In the meantime, they have expenses to cover such as payroll, taxes, materials and equipment, repairs and maintenance, and other operating costs. Factoring the oilfield invoice gets you paid immediately at time of invoicing.
Our Process.
Step 1
Assessment.
Complete form to become a client & determine the credit worthiness of your debtor.
Step 2
Compliance.
Identify and comply with contract terms for immediate invoice factoring eligibility.
Step 3
Management.
We handle all of your accounts receivable and develop a customized factoring plan.
Step 4
Funding!
Receive funds to make payroll, hire labor, secure equipment and purchase material.
What our clients are saying.
