The oilfield industry is no stranger to innovation and cutting-edge techniques. As the demand for energy continues to rise, companies operating in this sector must constantly adapt to meet the challenges of extracting valuable resources from the earth. One such technique that has revolutionized the industry is directional drilling. This advanced method allows oil and gas companies to access previously inaccessible reserves, opening up new possibilities for exploration and production.

At Go Funding, we understand the unique needs and goals of businesses in the oilfield industry, particularly those utilizing directional drilling. Financial challenges can arise when investing in equipment, managing cash flow, or expanding operations. That's where we come in - as your trusted partner, we connect you with the right financial institutions that specialize in serving the oilfield sector.

Finding the Perfect Financial Partner

When it comes to financing your oilfield operations, it's crucial to have a partner that understands the industry's intricacies and can provide tailored solutions to meet your unique business goals. At Go Funding, we have a vast network of financial institutions that specialize in serving the oilfield industry. We work diligently to match your company with a partner that understands directional drilling and shares your vision for growth and success.

Invoice Factoring:

Waiting for payment from clients can strain your cash flow, hindering your ability to pursue new projects or invest in essential resources. Our financial partners specialize in invoice factoring, a solution that allows you to convert your outstanding invoices into immediate cash. Here's how the process works:

1. Submit Your Invoices: Provide your outstanding invoices to the factoring company. They will review the invoices and determine their eligibility for factoring.

2. Receive an Advance: Once approved, the factoring company will provide an upfront cash advance, typically around 80% of the invoice value. This immediate injection of funds gives you the working capital needed to cover your immediate expenses and invest in your business.

3. Collection and Payment: The factoring company takes over the responsibility of collecting payment from your clients. They handle the invoicing and follow-up processes, ensuring timely payment. When your clients pay the invoices, the factoring company will release the remaining invoice value minus a small factoring fee.

4. Repeat the Process: As you generate new invoices, you can continue to factor them to maintain a steady cash flow. The factoring process allows you to access funds quickly and efficiently without waiting for payment from your clients.

By partnering with Go Funding, you gain access to a network of financial institutions that are committed to supporting your business growth. We connect you with the right financing solutions, including invoice factoring, to ensure your oilfield company has the necessary funds to thrive and succeed. Contact us today to discuss your specific financing needs and take the first step toward unlocking the financial power of your directional drilling business.

Partnering for Success

At Go Funding, we go the extra mile to ensure that your oilfield company finds the right financial partner to meet your unique business goals and needs. We understand that the oilfield industry requires specialized financial solutions, and we work tirelessly to connect you with financial institutions that have the expertise and resources to support your growth. Whether you're a small drilling company or a large oilfield service provider, our network of partners is ready to assist you in achieving your objectives.

Take the Next Step

Ready to unlock the financial solutions that will drive your oilfield business forward? Connect with GO Funding today to discuss your specific financing needs. Our team of experts is dedicated to helping you navigate the financial landscape, find the perfect partner, and secure the funding necessary to take your oilfield operations to new heights. Let us be your trusted ally in powering your growth through directional drilling.

Call: (763) 390-6699

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With 20 years of experience, GO Funding has successfully helped companies re-evaluate their financing relationship and find best-in-class invoice factoring, receivable financing, payroll funding, and asset-based lending solutions.

Our passion is helping businesses obtain flexible alternative financing solutions tailored to meet unique needs and goals from startups to established organizations. Our services are 100% free.