Receivables Factoring for Oil, Gas, Energy & Mining Companies
Universal Funding offers accounts receivables financing programs available to provide immediate capital to oilfield service companies. Companies that provide welding, drilling equipment, maintenance, transportation and other services to oilfields, or other energy resources, can benefit from accounts receivable factoring.
Factoring outstanding invoices increase the availability or working capital, reduces the administrative burden of managing accounting receivable, and makes managing cash flow more straightforward.