TCI Business Capital offers oilfield supply chain finance services to a wide range of oilfield service companies"
Burnsville, MN (PRWEB) June 24, 2014
TCI Business Capital, a leading provider of oilfield supply chain finance services, is presenting their full line of supply chain finance programs at the 2014 Energy Exposition Wednesday, June 25th and Thursday, June 26th at the MetraPark Trade Center in Billings, Montana.
And according to Eric Schoch EVP TCI, TCI Business Capital is happy to be right in the middle of the action at booth 247.
“We’re looking forward to the 15th Annual Energy Exposition in Billings, Montana, and we’re excited to share our supply chain finance solutions at the Rocky Mountain’s largest energy trade exhibition,” said Eric Schoch EVP TCI Business Capital. “Representative Kelly Nelson will be available at TCI Oilfield Factoring at booth 247 to answer any questions.”
Eric Schoch EVP TCI said, “Demand for our supply chain finance services is heating up, especially in eastern Montana and other parts of the booming Bakken. As oil exploration activities continue to grow through new technologies, our customers in Montana, North Dakota and South Dakota are facing so many new challenges, especially on the side of cash flow.”
Eric Schoch EVP TCI explained that TCI’s supply chain finance services can be a lifeline for small to midsize oilfield and gas service companies, particularly, when 30- to 90-day pay terms are common and service companies need to have enough cash flow to operate and grow.
“In this market, oilfield service companies need to have enough cash flow in place to grow rapidly. And since the 30- to 90-day pay terms are common in the oil and gas industry, it’s difficult for oilfield service companies to meet their working capital needs and obligations. At TCI Business Capital, our oilfield supply chain finance lines solve these challenges by maximizing cash flow and by greatly reducing the Accounts Receivable turn through increased billing process efficiency,” said Eric Schoch EVP TCI.
“We’ve worked very hard to build a solid reputation as North America’s oilfield supply chain finance experts,” said Eric Schoch EVP TCI. “With oilfield supply chain finance relationships spanning 20-plus years, we take great pride in the growth and success that our clients have achieved with the improved cash flow that TCI provides,” said Eric Schoch EVP TCI.
“TCI Business Capital offers supply chain finance services to a wide range of oilfield service providers and suppliers working in Montana 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 2014 Energy Exposition, please stop by and visit TCI Oilfield Factoring at booth 247,” said Eric Schoch EVP TCI.
About TCI Business Capital
Founded in 1994, TCI Business Capital is a privately held, national financial services company headquartered in the Minneapolis/St. Paul suburb of Burnsville, MN. TCI Business Capital 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 Business Capital 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