Working Capital

Top Best Oilfield Funding Companies in Texas

oilfield financing; oil rig drilling
You're trying to focus on serving your customers—but that's difficult when payments take 30, 60, or 90 days. After all, you also have people to pay, equipment to maintain, and dozens of vendor relations to sustain. Oilfield funding companies in Texas help organizations ensure regular cash flow without eating too much into time or the bottom line.

What is Oilfield Funding?

There are several forms of oilfield funding—from traditional credit lines to bank loans. But most organizations don't have weeks or months to apply and wait for financing. That's why many turn to invoice factoring.

Invoice factoring is a way to get working capital quickly by getting a percentage of your pending invoices paid upfront.

How does Oilfield Funding Work?

Each oilfield funding company that does invoice factoring has its own terms. A factoring company will pay your invoice, usually from 80% to 100%, and then your customer will pay the funding company. You receive the rest of the payment, also known as the reserve, once your customer's payment comes through. (At FundThrough, we advance the full invoice for a flat fee!)

Generally, every top oilfield funding company in Texas should offer customized solutions based on your business, fast access to working capital, an easy process, and responsive customer service.

What are the Benefits of Oilfield Funding?

There's a reason working with an oilfield factoring company is so popular. Texas-based oilfield factoring can provide:
  • Fast approval.
  • Almost immediate funding, sometimes within 24-48 hours.
  • Access to millions of dollars in working capital.
  • Easy repayment.

How Can a Fort Worth Oilfield Funding Company Help Me?

An oilfield funding company in Fort Worth does more than provide working capital. With the support in cash flow, oil field companies can pursue growth opportunities, such as taking on large projects or more customers, without having to wait 90 days for payment.

Additionally, since the factoring company takes responsibility for the invoice, they will often handle accounts receivable. Cutting out this administrative work saves your company time and resources. At the same time, a factoring company makes it simple and easy for your customer to pay, minimizing their involvement and ensuring a positive relationship.

Our Pick of the Best Oilfield Funding Companies in Texas

There are several oilfield financing options that operate across Texas. Here are our top oilfield funding options:

1. FundThrough

Why FundThrough

  • Experienced with oil and gas industry invoicing
  • Get invoices paid directly into your linked bank account
  • No minimums, although must be invoicing >$15,000 to a single customer
  • Integrated with OpenInvoice, WorkBench, and QuickBooks
  • Easy-to-use
  • 5-minute application process
  • Funding for companies in Canada and the U.S.

Funding Amounts

  • Unlimited funding starting at $15,000

Pros

  • Obtain a 100% invoice advance
  • AI technology generates automated funding offers in minutes
  • Transparent fees: 2.5% per 30 day period
  • Unlimited funding ensures capital for any size project
  • Quick funding boost
  • Free credit checks on customers
  • Downloadable reporting
  • Dedicated account executive
  • Online management portal

Cons

  • You must use a form of online banking

2. Oilfield Funding, LLC

Why Oilfield Funding, LLC

  • Customized funding for oilfield companies
  • Headquartered in Texas
  • Private equity and debt

Funding Amounts

  • Working Capital: Up to $50 million
  • Senior Secured-Debt: Up to $100 million
  • Private Equity: $100 million
  • Specialty finance: $100 million

Pros

  • Ideal for large projects
  • Various types of funding
  • Texas-based

Cons

  • Lack of rate transparency
  • May require more application paperwork
  • Longer approval and funding timelines

3. Universal Funding

Why Universal Funding

  • Transparent process
  • Oil industry and energy sector experience
  • In-house underwriters

Funding Amounts

  • $25,000 to $5 million

Pros

  • Low 0.55% to 2% rate for the first 30 days
  • Online account to track progress
  • 95% advance rate

Cons

  • No OpenInvoice, WorkBench, or Quickbooks integration
  • Requires phone call and application
  • Unclear rates after the first month

4. Catalyst Financial

Why Catalyst Financial

  • Online reporting
  • Fast funding
  • Oil and gas experience

Funding Amounts

  • Around $750,000

Pros

  • 80%-90% advance rate
  • No long-term contracts
  • No maintenance fees

Cons

  • Limited funding
  • Funding process
  • Unclear rates

Final Thoughts

Which factoring service provider makes the most sense for your oilfield company? That depends on your specific needs for funding and time constraints. But at FundThrough, we are always happy to help. See the FundThrough difference and create a free account today.

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