
Oilfield equipment rental companies invoice large amounts for extended rental periods. Payment terms are often Net-60 or longer while equipment maintenance, insurance, and yard overhead runs every day.
Oilfield equipment rental companies invoice large amounts for extended rental periods. Payment terms are often Net-60 or longer while equipment maintenance, insurance, and yard overhead runs every day.
Factoring allows rental companies to maintain and expand their fleet without waiting for invoices to clear. More cash flow means more iron on the ground and larger contracts.
Without Factoring
With Factoring
Free application. Same-day approval. Cash in 24 hours.