How Woodland Enterprises Cruised Through Cash Crunch in the Most Volatile Industry
Defying the odds and thinking out-of-the-box leads Woodlands to thrive
With a lean team of only 12 hard-working employees, Woodland Enterprises provides pipeline construction, maintenance, and utility services to the oil and gas exploration sector. In an industry where projects can get very complicated very quickly, Woodland stands out f rom the crowd due to their agile approach to project management, and their client-first ethos. Woodland’s nimble operational structure allows the company to shift work plans to ensure timely delivery on every project. And often, bringing on subcontractors in these situations is essential. Woodland’s CEO, Angie, always pays her subcontractors immediately – far before Woodland ever receives payment from their clients, which causes gaps in the company’s cash flow.
Faced with a serious cash flow timing issue, Angie investigated her options: banks won’t consider lending to those in the volatile oil and gas industry, traditional factoring companies had long on-boarding processes and a lot of rules, and private lender rates were sky high. Angie found that FundThrough was able to meet her factoring needs very quickly, at an affordable rate that she felt comfortable with. With a growing factoring limit from FundThrough, Woodland has been able to take on new projects without gaps in cash flow, which Angie feels is a big stress reliever. FundThrough allows Woodland to focus on completing projects while maintaining their client-first ethos, despite the unpredictability in the industry – saving money in the process.