You have weekly payroll to meet for your employees, but your client pays on a 30-45 day cycle. This can cause a real cash flow crunch at payroll time, especially during rapid growth periods. Allied can help you keep your payroll current and still provide financial resources for growth of your Oil Field Service Company.
Oil Field Service Companies We Can Help
• Companies with cash flow dilemmas that have an immediate cash flow need • Early stage businesses • High growth businesses • Undercapitalized businesses that have historical operating losses • Businesses with tax liens • Turnaround situations • Businesses with a negative net worth, a history of operating losses and high customer concentrations • Mature companies with a capped credit line at a bank who need more leverage • Companies who may be winning contracts or orders but do not have the financial resources to complete the project • Companies experiencing a lack of customer service
How We Can Help Oil Field Service Companies
• Obtain an instant source of working capital/cash flow • Finance rapid sales growth • Fulfill payroll and tax obligations • Purchase necessary equipment or inventory • Take advantage of trade discounts • Outsource accounts receivable management and eliminate internal collection and accounting costs • Reduce the risk of credit losses on your customers • Defer to our professional credit checking and collections system • Provide maximum funding for companies with a high concentration of A/R in one or two of their major customers • Obtain financing for companies with a negative net worth, a history of operating losses and/or highly leveraged companies
Recent Funding Example
Type of Financing: Working Capital Funded by Allied: $250,000 Industry: Oil Field Service Company Location: Houston, Texas
