Invoice Factoring for Oil and Gas Companies
Riviera Finance 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
- Frac Tank Builders
- Heavy Haulers
- Hot-Shot Delivery
- 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.
Benefits of Oilfield Factoring with Riviera Finance
Why Work with Riviera Finance for Invoice Factoring
Riviera Finance can work with your budget, no matter the size. We have funds available from $10,000 to $2 Million per month to cover your company’s financial needs. With local invoice factoring offices in more than 30 cities, we will serve you with personal attention to help you meet and exceed your goals.
Contact a local business manager today. We look forward to working with you.
How Invoice Factoring for Oil & Gas Companies Works
- We establish a credit limit on the customers you submit for invoice factoring.
- You deliver your product or service as usual
- You send your invoices directly to Riviera
- We verify that product was received or service performed
- You receive your cash from Riviera within 24 hours
- We forward your invoices to your customers and they pay us directly