Qualification

Do I Qualify for Invoice Factoring?

Approval is based on your customers’ creditworthiness — not your credit score, years in business, or financial history. Here is what matters.

✓ You Likely Qualify If:

  • You invoice another business for completed work
  • Your customers are operators, prime contractors, or energy companies
  • You invoice $50,000 or more per month
  • Your customers have 30, 60, or 90 day payment terms
  • The work is completed and accepted before you invoice

✗ Does Not Qualify:

  • Construction progress billing
  • Consumer-facing businesses
  • Medical receivables to third-party insurance
  • Cannabis industry
  • Work not yet completed or accepted
The Key Insight

Your Credit Score Does Not Matter

Approval is based on the creditworthiness of your customers. If you are invoicing Chevron, Shell, Pioneer, ConocoPhillips, Diamondback, or any major energy company, you are in a strong position regardless of your own history.

Brand new oilfield companies can qualify. Companies rejected by banks can qualify. Companies with past financial difficulties can qualify. What matters is who you invoice.

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Drilling Services

Contract and directional drillers.

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Hot Shot Trucking

Oilfield hot shot transport.

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Water Hauling

Fresh and produced water haulers.

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Wireline & Flowback

Wireline, slickline, well testing.

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Oilfield Staffing

Labor and field staffing contractors.

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Equipment Rental

Rental tool and heavy equipment.

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