Today, 30 to 90-day pay terms are common. These long pay terms make it difficult for oilfield service companies to meet their working capital needs.
Calgary, AB (PRWEB) September 09, 2014
TCI Oilfield Factoring, a leading provider of oilfield factoring services, will be in represented by Glen Miles, TCI Oilfield Factoring’s Senior VP, Business Development Canada, at the 2014 Lloydminster Heavy Oil Show on Wednesday, September 10th and Thursday September 11th at the Lloydminster Agricultural Exhibition Grounds in Lloydminster, Saskatchewan.
“It’s exciting to be involved in the oil and gas exploration industry that is such an economic boom for Alberta and Saskatchewan,” said Glen Miles. “We have seen a huge demand for our oilfield capital services in Canada, and as oil exploration continues to grow through new technologies, our customers in Alberta, Saskatchewan, British Columbia, and Manitoba are facing many new challenges, especially on the side of cash flow. Today, 30 to 90-day pay terms are common. These long pay terms make it difficult for oilfield service companies to meet their working capital needs. Working capital lines from TCI Oilfield Factoring address these challenges by not only maximizing cash flow, but also by greatly reducing the Accounts Receivable turn through increased efficiency in the billing process.”
“At TCI Oilfield Factoring, we’ve built a reputation for being the oilfield experts,” says Glen Miles. “With many factoring relationships spanning years, we’re happy to share not only our experience, but also our insights into the successes that our clients have enjoyed with the improved cash flow that TCI Oilfield Factoring provides.”
To learn more about TCI Oilfield Factoring and the cash flow programs available, or to speak with Glen Miles at the Lloydminster Heavy Oil Show, contact:
Senior VP Business Development Canada
Suite 1410, 707 7th Avenue SW
Calgary, AB T2P 3H6
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 Canadian operations in downtown Calgary, Alberta. 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. 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.