TCI's supply chain finance services can be a lifeline for small and midsize oilfield and gas service companies...
Burnsville, MN (PRWEB) May 20, 2014
TCI Oilfield Factoring, a leading provider of oilfield supply chain finance services, is once again presenting their full line of supply chain finance programs at the Williston Basin Petroleum Conference May 20th to May 22nd at the Bismarck Civic Center in Bismarck, North Dakota.
Eric Schoch EVP TCI Business Capital reports that TCI Oilfield Factoring will be right in the middle of the action at booth 1739.
“We’re excited to be exhibiting once again at the Williston Basin Petroleum Conference,” said Eric Schoch EVP TCI Business Capital. "Representatives Tracy Bergland, Bjorn Peterson and Glen Miles SVP Business will be available at TCI Business Capital at booth 1739 to answer any questions."
Eric Schoch said, “We’ve seen a lot of demand for our supply chain finance services in the booming Bakken. And, as technology continues to grow in western North Dakota, eastern Montana and parts of Saskatchewan and Manitoba in the Williston Basin, demand is quickly outstripping supply of qualified oilfield service companies.”
Eric Schoch explained that TCI’s supply chain finance services can be a lifeline for small and midsize oilfield and gas service companies, especially when the work is plentiful and access to working capital inhibits company growth.
“In this market, oilfield service companies need to have enough cash flow in place to grow rapidly. Since 30 to 90-day pay terms are common, it’s difficult for oilfield service companies to meet their working capital needs. At TCI Oilfield Factoring, our oilfield supply chain finance lines address these challenges by not only maximizing cash flow, but by also reducing the Accounts Receivable turn through increased efficiency in the billing process,” said Schoch.
“Over the years we've built solid relationships in North Dakota and Montana, and now, with offices in Canada, we can help our clients in some of the most active Saskatchewan plays of Lloydminster, Kindersley-Kerrobert, Swift Current and Weyburn-Estevan,” said Eric Schoch EVP TCI Business Capital.
“We offer supply chain finance services to a wide range of oilfield service providers and suppliers working in North Dakota, Montana and the provinces of Alberta and Saskatchewan including: oilfield trucking, well servicing, pipeline, pad and road construction companies, rental and supply companies, disposal sites and more. If you plan on visiting the Williston Basin Petroleum Conference, please stop by and visit TCI Oilfield Factoring at booth 1739,” said Eric Schoch.
About TCI Oilfield Factoring
TCI Oilfield Factoring is the oilfield factoring division of TCI Business Capital. Founded in 1994, TCI Business Capital is a privately held, international financial services company with headquarters in Burnsville, MN and Canadian operations in downtown Calgary, Alberta. TCI Oilfield Factoring provides a full range of business supply chain finance services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. TCI assists Oilfield Service and Supply Providers throughout North America. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.
Contact information and media inquiries should be directed to:
Director of Marketing
TCI Business Capital