Financing The Oil & Gas Industry

You don’t have to depend on slow-paying clients to generate cash flow. Get paid today with Invoice Factoring. Oil and gas is one of the oldest, most robust industries in the United States. The list of service companies and providers required to make one drilling project successful is vast. While this industry structure provides oil and gas companies with a sense of stability and longevity, it also means receiving payment from contractors is usually a very slow process.

Cash flow is an ongoing challenge a lot of these companies face. That’s why oilfield service providers from every sector, including upstream, midstream, and downstream operations, utilize Accounts Receivable Factoring through ProBilling. We pay our clients cash for their outstanding invoices in 24-hours rather than 30 to 60 days or more.

What is Oilfield Factoring?

As an invoice factoring company serving the oil and gas sector, ProBilling pays high cash advances for your receivables so you can access the cash you need to run your daily operations. The team at ProBilling will take over collections, and payment processing. All you have to do is submit your accounts receivable and get paid within 24-hours.

We withhold a small fraction of your invoice amount. Once an invoice is paid, we will release the remainder. The very affordable fee for this service is subtracted from our payment to you.

The process is very simple

  1. Submit your invoices in under 10 minutes (with no monthly minimums or maximums)
  2. We’ll process your request ASAP, usually before the end of the day.
  3. You get paid within 24-hours.

Our application requires minimal paperwork, works for all credit situations, and usually gets approved in less than 10 days.

How Will Oilfield Factoring Benefit My Business?

Next-day payouts provide the financial stability you need to run your business worry-free. But that’s not the only reason our clients love working with us. Here are a few of the many ways your business profit from ProBilling’s Invoice Factoring services:

  • Get paid by tomorrow
  • No monthly minimums or maximums
  • Flexible funding that grows with your business
  • Fast approval for financing
  • Debt-free financing
  • Flexibility to extend your clients’ payment terms
  • We work with all credit situations
  • We provide private label statements, credit applications, and online portals for your clients
  • You get a dedicated support representative for your business

Our Services Benefit Your Customers Too!

ProBilling is not the only billing service that does Accounts Receivable Factoring. But what sets us apart is the custom-built service we provide to our clients. Customers love our private-label service.

We’ll handle your collections and credit applications for your customers, all custom branded for your company. Your customers will receive their bills, credit applications, and other documents with your logo, not ours. They will also have access to our online portal where they can pay online, find previous invoices, and edit payment information.

Additionally, when you work with ProBilling, you get a dedicated account representative who serves both you and your customers. When clients have billing questions, they can call their account rep at our office to get high-quality service.

ProBilling Serves Oil & Gas Companies

from Every Sector 

  • Dump Truck Services
  • Equipment Haulers
  • Excavation Services
  • Fracking Services
  • Frac Sand Haulers
  • Hot Shot Haulers
  • Inspectors
  • Land Surveyors
  • Oil Rig Cleaners
  • Pipeline Construction
  • Roustabout Services
  • Sandblasters
  • Shale Gas Industry
  • Tank & Pipeline Clean Up
  • Vacuum Trucks
  • Water Haulers
  • Welders
  • Well Drillers
  • And more!

Invoice Factoring vs. Bank Loan

Trying to choose between Invoice Factoring and a Bank Loan? The choice is easy:

Bank Loans

You incur debt
Approval takes weeks or months
Must have excellent credit
Usually a one-time loan
Increasing your credit line is VERY difficult
Must be in business for at least 2 years

Invoice Factoring

Debt-free financing
Approval takes days
We work with all credit situations
Ongoing funding whenever you need it
Flexible funding that grows with your business
We fund small businesses and startups

Get Started

The PRocess

Applying is fast, easy, and requires minimal paperwork. Start by filling out an application in just a few minutes. We’ll need a few additional documents from you to process your information. The approval process is fast, and we’ll work with you to develop a funding option customized for your business.

When you join ProBilling, we’ll assign a team member to be your dedicated account rep and come to your business to provide your AR department with in-depth, on-site training. You’ll have access to next-day funding anytime you have new invoices to submit.

Start My Application