Industries
Oilfield and energy services
Get paid fast and keep your oil and gas fleet moving
In the oil and gas industry, cash flow is everything. At MyFactor we offer industry-wide oil and gas factoring so you are funded quickly, with no waiting 30, 60 or even 90 days to get paid. MyFactor is a trusted factor with friendly, world-class client service. Our clients aren’t just numbers; we treat them like family.
Who we fund
- Hauling and water transfer
- Equipment rental
- Well services
- Roustabout and field crews
What is oilfield factoring?
Oilfield invoice factoring is a financial solution where your business sells its unpaid invoices to a factoring company, like MyFactor, for an immediate advance, typically within 24 hours. Instead of waiting 30, 60, or 90 days for customers to pay, you get the cash flow to cover operating expenses, purchase inventory, pay employees, and invest in growth.
Operators pay slow. Crews do not wait.
Operators often pay on 60 to 90 day terms while you cover fuel, equipment and crew wages every week. We fund your invoices to operators so the next job is paid for.