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  • Water Haulers
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  • Vacuum Trucks
  • Frac Sand Haulers
  • Excavating
  • Site Preparation
  • Rig Movers
  • Roustabouts
  • Flatbed Carriers
  • Equipment Rentals
  • Pipeline Construction
  • Wireline Services
  • Crude Haulers
  • And More

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Oilfield Factoring Process
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How It Works

In the Oil & Gas Industry 30 to 90-day pay terms are standard. These long pay terms can add "Cash Flow Stress" to growing companies.

Our specially designed Oilfield Factoring Lines can ease your stress and provide the cash you need to take advantage of this once in a lifetime Oil & Gas boom. What's more, Set-up is as easy as 1-2-3.

Call Today! 701-355-6271

© 2014 TCI Business Capital, Inc.

About North Dakota

*North Dakota is a state located in the Midwestern region of the United States of America, along the Canadian border. North Dakota is the 19th-largest state by area in the U.S. North Dakota is also the third least populous, with 672,591 residents as of 2010. North Dakota was carved out of the Dakota Territory and admitted to the Union on November 2, 1889, simultaneously with South Dakota. The state capital of North Dakota is Bismarck and the largest city is Fargo. The primary public universities in North Dakota are located in Grand Forks, Fargo and Dickinson. The U.S. Air Force operates Air Force Bases in North Dakota at Minot AFB and Grand Forks AFB.

For more than a decade, North Dakota has had a strong economy, with unemployment lower than the national average, job and population growth, and low housing vacancies.. Agriculture is the largest industry in North Dakota, although petroleum and food processing are also major industries. The energy industry is a major contributor to the economy of North Dakota. Much of the growth has been based on development of the Bakken oil shale fields in the western part of North Dakota, but it has also had growth in the technology and service sectors. Lignite coal reserves in Western North Dakota are used to generate about 90% of the electricity consumed, and is also exported to nearby states. North Dakota has the second largest lignite coal production in the U.S. The Great Plains area, which North Dakota is a part of, is called the "Saudi Arabia" of wind energy, Wind energy in North Dakota is also very cost effective because the state has large rural expanses and wind speeds seldom go below 10 mph.*Source-Wikipedia

North Dakota Oilfield Factoring - More Information

North Dakota Oilfield Factoring is the Oilfield Factoring division of TCI Business Capital. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies throughout North America.

We provide North Dakota Oilfield Factoring lines to Oilfield Service companies working on the front lines of America's energy sector. These companies choose North Dakota Oilfield Factoring services because they need working capital, but are not able to obtain sufficient financing from their bank.

We have separated ourselves from traditional lenders and other Oilfield Factoring Companies by eliminating the customary red tape that is common in the Oilfield Factoring industry.

Our streamlined Oilfield Factoring process is simple; you send us your invoices, and we pay you for them the same day. We then collect payment from your customers. It's that simple.

North Dakota Oilfield Factoring customers provide a wide range of upstream, midstream, and downstream services. Our Oilfield Factoring customers work for most of the Oil & Gas companies in North America.


Contact Information

North Dakota Oilfield Factoring
634 East Broadway, #1346
Williston, North Dakota 58801
701-355-6271

Or click here to learn more


North Dakota Oilfield Factoring for Oilfield Trucking Companies

We provide our Oilfield Factoring services to Oilfield Trucking companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Trucking Companies.

Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

What's more, with our simple and straightforward underwriting guidelines, most North Dakota Oilfield Factoring customers receive written approvals in 30 minutes or less.

We provide North Dakota Oilfield Factoring services to the following Trucking Companies:

  • Water Haulers
  • Rig Movers
  • Mud Haulers
  • Gravel Haulers
  • Hot Shots
  • Haz Mat Hauling
  • Frac Sand Haulers
  • Vacuum Trucks
  • Winch Trucks
  • Equipment Haulers
  • Flatbed Carriers
  • Crude Haulers
  • Pipe Haulers
  • Dump Trucks
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Trucking Company, North Dakota Oilfield Factoring lines can help!

    North Dakota Oilfield Factoring for Oilfield Service Companies

    We provide North Dakota Oilfield Factoring service to Oilfield Service companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Service Companies.

    Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

    What's more, with our simple and straightforward underwriting guidelines, most North Dakota Oilfield Factoring customers receive written approvals in 30 minutes or less.

    We provide North Dakota Oilfield Factoring services to the following Oilfield Service Companies:

  • Roustabouts
  • Wireline Services
  • Environmental Clean Up
  • Well Servicing
  • Drilling Companies
  • Fishing Services
  • Flowback Testing
  • Tank & Pipe Cleaning
  • Pit Cleaning
  • Welding Services
  • Acidizing & Cementing
  • Plugging Contractors
  • Testing Services
  • Slickline Services
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Service company, we can help!

    North Dakota Oilfield Factoring for Oilfield Supply and Construction Companies

    We provide North Dakota Oilfield Factoring services to Oilfield Supply and Construction companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Supply and Construction companies.

    Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

    What's more, with our simple and straightforward underwriting guidelines, most North Dakota Oilfield Factoring customers receive written approvals in 30 minutes or less.

    We provide North Dakota Oilfield Factoring services to the following Oilfield Supply and Construction Companies:

  • Excavating
  • Road Construction
  • Scoria Pit/Suppliers
  • Pad Builders
  • Gravel Pit/Suppliers
  • Water Purification
  • Site Preparation
  • Pipeline Construction
  • Fly Ash Suppliers
  • Disposal Wells/Sites
  • Frac Sand Suppliers
  • Hot Oil Services
  • Equipment Rentals
  • Drilling Equip Suppliers
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Supply and Construction Company, we can help!

    North Dakota Oilfield Factoring - More information

    What is Oilfield Factoring? Oilfield Factoring is a transaction where an Oilfield Service Company sells (Factors) its Accounts Receivables, or invoices, to an Oilfield Factoring Company in order to improve cash flow. With Oilfield Factoring, the Oilfield Service Company will have immediate cash available for payables, payroll, maintenance, or improving equipment. Oilfield Factoring is not a loan, and therefore no debt is incurred.

    At North Dakota Oilfield Factoring, our program is different from a bank loan in two significant ways. First, North Dakota Oilfield Factoring places the emphasis on the value of the Receivables, not the firms credit worthiness or fixed assets. Secondly, Oilfield Factoring is not a loan, it is the purchase of a financial asset (the Receivable). The Receivable is a financial asset associated with the debtors liability to pay money owed to the seller for work performed or goods sold. The seller sells its Invoices (the Receivables) at a discount to North Dakota Oilfield Factoring to obtain the cash needed for day-to-day operations.


    Contact Information

    North Dakota Oilfield Factoring
    634 East Broadway, #1346
    Williston, North Dakota 58801
    701-355-6271

    Or click here to learn more


    Oilfield Factoring transfers ownership of the Receivables to the Oilfield Factoring Company. The account debtor is then notified of the sale and then remits payment directly to a lockbox designated by the Oilfield Factoring Company.

    At North Dakota Oilfield Factoring, we provide other mission critical services including credit analysis, risk assessment, a/r management, billing, collections, treasury and 24/7 web reporting.

    The three parts to Oilfield Factoring

    There are three integral parts to an Oilfield Factoring transaction.
    1. The fee, this is the amount an Oilfield Factoring Company will charge you for the service. Most Oilfield Factoring Companies will charge you a Factoring fee also known as a service charge as well as interest based on how long it takes the debtor to pay.
    2. The advance, this is the percentage of the face value of invoice, the Oilfield Factoring company pays you upon submission of that invoice.
    3. The reserve, this is the remainder of the total Oilfield Invoice amount held until the payment by the account debtor is made in full.

    North Dakota Oilfield Factoring - About

    North Dakota Oilfield Factoring is a leading Oilfield Factoring Company. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies all across North America.

    At North Dakota Oilfield Factoring we distinguish ourselves from other financial institutions with our "Get it Done" culture. We are proud to be recognized for our reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.

    The North Dakota Oilfield Factoring family is active in the community as we believe in helping those in need. Over the years, our support has been focused towards school-aged children, wounded veterans, countries hit by natural disaster, and victims of domestic violence. We take pride in supporting various organizations that share the belief that it is our duty and responsibility to help improve the lives of others.

    Call today and talk to one of our Oilfield Factoring specialists. Our specialists will give a free consultation on how Oilfield Factoring can help your business. With North Dakota Oilfield Factoring there is no red tape to cut through or bureaucratic maze to navigate. What's more, with our simple and straightforward underwriting guidelines, most of our Oilfield Factoring customers receive written approvals in 30 minutes or less.

    North Dakota Oilfield Factoring customers provide a wide range of upstream, midstream, and downstream services. Our customers work for most of the Oil & Gas companies in North America including:

  • Anadarko Petroleum
  • Encana Oil & Gas
  • Marathon Oil
  • Rosetta Resources
  • Anschutz Exploration
  • Endeavor Energy
  • Marathon Oil EF
  • Sabine Storage
  • Apache Corp
  • Enerplus
  • Matador Production
  • Samson Lone Star
  • Baker Hughes Inc
  • Enervest Operating
  • Mewborne Oil
  • Samson Resources
  • Basic Energy Services
  • Ensign Energy Services
  • Mull Drilling
  • Sandridge E & P
  • BHP Billiton
  • EOG Resources
  • Murphy Oil Corporation
  • Schlumberger
  • Bill Barrett Corp
  • EP Energy
  • Nabors Industries
  • Sheridan Exploration
  • Brigham Oil & Gas
  • Escondido Resources II
  • Nadel & Gussman
  • Slawson Exploration
  • Burlington Resources
  • Exco Resources
  • Newfield Exp Mid-Con
  • SM Energy
  • Burnett Oil
  • Fasken Oil & Ranch
  • Newfield Exploration Co
  • Southwestern Energy
  • Cabot Oil & Gas
  • Fidelity E & P
  • Noble Energy
  • Summit Energy
  • Callon Petroleum
  • FIML Natural Resources
  • Nomac Drilling
  • Superior Well Services
  • Carrizo Oil & Gas
  • Forest Oil
  • Oasis Petroleum
  • Talisman Energy USA
  • Chesapeake
  • Gulfport Energy
  • OXY Permian
  • Three Rivers Operating
  • Chevron
  • Halcon Resources
  • OXY USA
  • True Oil
  • Choice Exploration
  • Halliburton
  • OXY USA WTP
  • Ultra Petroleum
  • Cimarex Energy
  • Helmerich & Payne
  • Parsley Energy
  • Unit Drilling Company
  • Citation Oil & Gas
  • Hess Corporation
  • Patterson - UTI Drilling
  • Unit Petroleum
  • Clayton Williams Energy
  • Hilcorp Energy
  • Petro-Hunt
  • W & T Offshore
  • COG Operating
  • Hunt Oil
  • Pinnergy, LTD
  • Whiting Petroleum
  • Comstock Resources
  • Jetta Operating
  • Pioneer Energy Services
  • Williams Production
  • Conoco Philips
  • Jones Energy
  • Pioneer Natural Resources
  • WPX Energy
  • Continental Resources
  • Kodiak Oil and Gas
  • Precision Drilling Trust
  • XTO Energy
  • CrownQuest Operating
  • Laredo Petroleum Holdings
  • QEP Resources
  • Yates Petroleum
  • Denbury Resources
  • Latshaw Drilling & Exploration
  • Quicksilver Resources
  • Zavanna LLC
  • Devon Energy
  • Linn Energy
  • Range Resources
  • Z Energy
  • And Many More
  • And Many More
  • And Many More
  • And Many More
  • North Dakota Oilfield Factoring Blog

    Midland Texas and Permian Basin Oil Activity Heating Up

    August 4, 2014 -- With drilling activity on the rise in the Permian Basin, it's all optimism in Midland, Texas. Stretching across 52 counties and over 86,000 miles in West Texas and eastern New Mexico, the Permian Basin has more than 500 active rigs -- that's more than twice the number of rigs in the second-ranked Eagle Ford Shale.

    Day in, day out, the Permian is pumping an astounding 1.6 million barrels of oil and accounts for 18% of all oil production in the United States. It's evident. The Permian Basin is quickly becoming the most prolific oil-producing area in the United States.

    Drilling activity is expected to remain active in the coming years, and as hydraulic fracturing technology continues to thrive, areas like Midland, Texas, are growing rapidly and showing no signs of slowing down. But with that growth comes many new challenges.

    Opportunity for Midland Texas Oilfield Suppliers

    In the Permian Basin, demand for qualified oilfield service professionals is at an all-time high. In places such as Midland, Texas, the flood of money and workers into the area is almost impossible to miss. Water haulers, rig movers, oilfield truckers and other oilfield suppliers are flocking to Midland, Texas to cash in on the once-in-a-lifetime opportunity.

    Often start-ups and many times strapped for cash, small to midsize oilfield suppliers in Midland, Texas, are quickly discovering the challenges that come with growth and success in the oil patch. Pay terms as well as the competitive nature of the oil and gas industry, can be quite unpredictable. 30- to 90-day pay terms are extremely common, which create cash flow stress on growing businesses. And in the booming market, oilfield suppliers need to have enough cash flow in place to grow rapidly. Looking for ways to finance operations, and as an alternative to traditional bank loans, oilfield suppliers are thriving using TCI's oilfield factoring services.

    Oilfield Factoring for Midland Texas and Permian Basin Oilfield Suppliers

    When a smaller or growing company struggles with cash flow issues, TCI's oilfield factoring programs serve as a lifeline for oilfield service professionals. TCI Business Capital's oilfield factoring services ease oilfield supplier stress by giving oilfield suppliers the working capital that is tied up in their accounts receivable.

    TCI Business Capital provides instant cash for oilfield invoices. By paying cash for invoices, TCI Business Capital gives oilfield suppliers the operating capital needed to explore opportunities in the Permian basin. As a result of using TCI's oilfield factoring services, oilfield suppliers are able to obtain the cash they need to get caught up on bills, make equipment purchases and take advantage of the once-in-a-lifetime oil and gas boom.

    Read more of the North Dakota Oilfield Factoring Blog


    For more information on North Dakota Oilfield Factoring, please call 701-355-6271

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