long pay terms put a lot of stress on oilfield service companies and make it difficult for them to meet their working capital needs
Burnsville, MN (PRWEB) March 04, 2014
TCI Oilfield Factoring, a leading provider of oilfield factoring services, is proud to once again be presenting their full line of factoring programs at the 2014 East Texas Oilfield Expo on Wednesday, March 5th and Thursday, March 6th at the Maude Cobb Convention Center in Longview, Texas.
"We are looking forward to exhibiting at the East Texas Oilfield Expo,” said Kraig Gunwall Senior Vice President of TCI Business Capital. “Last year, the East Texas Oilfield Expo was a great success. We continue to see growth in Oil exploration and production in the East Texas region and with that comes the need for affordable cash flow financing for Oilfield Trucking, Service and Supply companies. TCI Oilfield Factoring has cash flow financing programs designed to help Oilfield Service companies succeed.”
"One of the constants we see in the industry, from for our customers in Texas, Oklahoma, Arkansas and Louisiana, is that 30 - 90 day pay terms are common. These long pay terms put a lot of stress on oilfield service companies and make it difficult for them to meet their working capital needs,” says Gunwall. “TCI Oilfield Factoring lines address these challenges by not only maximizing cash flow, but by greatly reducing the accounts receivable turn through increased efficiency in the billing process."
"Response to our oilfield factoring programs is strong, and the East Texas Oilfield Expo should be no different," says Kraig Gunwall. "We will be represented at this year’s East Texas Oilfield Expo by Kelly Nelson and Bjorn Peterson. Expo attendees can visit Kelly and Bjorn at booth C4. We offer factoring services to a wide range of oilfield service providers and suppliers working in the Eagleford, Barnett, and Haynesville-Bossier shale’s including; oilfield trucking, well servicing, pipeline, pad and road construction companies, rental and supply companies, disposal sites and more. We invite anyone who is attending the 2014 East Texas Oilfield Expo to stop by the TCI Oilfield Factoring booth (booth C4) and learn more about our services.”
About TCI Oilfield Factoring
TCI Oilfield Factoring is the Oilfield Factoring Division of TCI Business Capital, a nationwide privately held financial services company founded in 1994 and headquartered in Burnsville, Minnesota. TCI Business Capital provides a full range of business financial services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.
Contact requests and Media inquiries should be directed to Glen Herrig Director of Marketing gherrig(at)tcibizcap(dot)com 800-707-4845