Quick Overview: Universal Funding Corporation provided up to $300,000 per month in invoice factoring to a newly formed oilfield wellsite support company in Pennsylvania, led by a returning Universal Funding client. The funding gave the company immediate working capital to grow from day one instead of waiting months to build cash reserves.
The Client: A Returning Client, A New Company
Oilfield wellsite support work — including rig-hand services and site maintenance — runs on tight schedules and long invoice cycles. Operators expect crews on-site and jobs completed on time, but payment for that work often takes 30, 60, or even 90 days to come through. For any oilfield services company, that gap between completed work and paid invoices can strain cash flow no matter how solid the operations are.
This client was no stranger to that dynamic — or to Universal Funding. Based in Pennsylvania, he had previously used Universal Funding’s factoring services to support an earlier business. When he formed a new company offering oilfield wellsite support, rig-hand work, and site maintenance services, he already understood how invoice factoring worked and knew it would be essential to keeping the new business moving.
The Challenge: Operating Capital to Match the Pace of the Work
Oilfield services companies typically invoice on 30-, 60-, or even 90-day terms, while payroll, equipment, and crew expenses come due immediately. For a company in its early stages, that mismatch is especially pronounced — there simply hasn’t been time to build up the cash reserves that make those payment gaps easier to absorb.
This client needed more than a bridge for slow-paying invoices — he needed consistent operating capital to hire crews, cover expenses, and take on new jobs at the pace the work demanded, without waiting on customer payment cycles to catch up.
SEE ALSO: Strengthening Working Capital: Debt-Free Strategies for Growth
The Solution: Up to $300,000 per Month in Invoice Factoring
Because of his history as a Universal Funding client and his experience in the oilfield services industry, the underwriting and onboarding process moved quickly. Universal Funding structured a factoring facility that provided the client up to $300,000 per month, converting his outstanding invoices into immediate cash rather than making him wait weeks or months for payment from oilfield operators.
This meant funding was tied directly to the work being performed and invoiced — giving the company reliable, scalable capital as the volume of jobs grew.
SEE ALSO: Can a Wholesale Distributor Use Invoice Factoring? A Texas Success Story
The Result: Growth From Day One
With consistent access to working capital, the client was able to keep pace with demand from the outset — taking on new contracts, staffing up, and keeping operations running at full speed rather than slow-rolling growth while waiting on invoice payments.
“One of the most rewarding parts of this deal was watching a repeat client take everything he learned from his previous business and apply it to this new venture,” said Ryan McCrery, VP of Business Development at Universal Funding Corporation. “Because he already understood how factoring worked and trusted our team, we were able to move fast and give him the capital he needed to grow right out of the gate. That’s the value factoring brings to an experienced operator building a new company in this industry.”
Why Invoice Factoring Works for Oilfield Services Companies
This case highlights a pattern Universal Funding sees often in the oil and gas sector: experienced operators launching new companies need funding solutions built around their invoices and their industry expertise — not years of financial statements. Invoice factoring offers:
- Immediate cash flow tied to completed work, not payment terms
- Funding that scales alongside new contracts and invoicing volume
- A faster path to working capital for companies without an extensive financial history
- Faster onboarding for repeat clients who already understand the process
For oilfield wellsite support companies and other service providers navigating long payment cycles, factoring can be the difference between playing catch-up and growing at the pace the work demands.
SEE ALSO: Can Invoice Factoring Fix Your Cash Flow Problem? Yes—Here’s How
Ready to Fund Your Growth?
Whether you’re in oilfield services or another B2B industry navigating long payment cycles, Universal Funding Corporation can help structure a factoring solution built around your invoices, not your bank statements. Universal Funding works with companies across a wide range of industries, providing the working capital they need to keep operations running and take on new business with confidence.
