Oilfield Service Companies
If you run an oilfield service company, you’ll know just how important it is to have stable cash flow in order to operate your business in an efficient and timely manner. Your finances need to stretch to providing all kinds of crucial services, from well testing and directional drilling to well cementing and completion, seismic acquisition and processing, and formation evaluation. And, if that’s not enough, there’s staff to pay, not to mention all the other expenses that come with running a successful oilfield service company.
Here at American Prudential Capital, we understand how crucial small businesses are to not just the success of our oilfields, but to the success of the country’s economy as a whole, and that’s why we’re willing to provide the financing you need to build and grow your company.
If you’re in need of cash flow or working capital, to buy a new piece of equipment, or you want to acquire another small oilfield service company to add to your portfolio, we can help you. As one of the top ranked specialty finance companies in the country, we’ve got a whole range of alternative financing options to help you to take your oilfield service company to the next level.
If you can’t get the funding you need via traditional types of lending, we can show you ways to raise money via several other methods, such as invoice factoring and invoice funding (if you’re a larger, more established business). We don’t do business like the traditional funding companies, because we base our funding and approval process on a completely different set of criteria.
This means that as long as you have a stable and well run business, which doesn’t have any serious legal or tax issues, we’ll accept non-traditional collateral as a basis for our approval. Furthermore, we can tailor-make a flexible financial package according to the needs of your business, which can grow in line with your company as you make your name in the oilfield service industry.
Benefit from our alternative funding
Choosing to use alternative forms of funding is one way to build up your credibility and credit rating, should you require funding from traditional funding companies in the future. It helps you to improve your credit worthiness with suppliers, helps to put a positive figure in your bank balance, and there’s no need to worry about having a debt on the balance sheet.
There are no monthly minimum borrowings and no long-term obligation; the contract just rolls on month by month, until you feel you no longer require our services. One of the best things about alternative funding is that because there’s no loan involved, no debt is created. This means that you’re not using a long-term debt to satisfy a short-term need for cash.
Let’s discuss how we can help you
Whether you choose our invoice factoring services, our invoice funding, our growth funding or you need help with start-up funding, you’ll have an experienced and knowledgeable member of our team to help you through the whole process, and look after your account once your application has been approved. Applying for alternative funding is easy. We’ve made it our business to help businesses like yours to succeed since 1989 so why not become part of our success story and make your own business an even bigger success?