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Accounts receivable financing for the oil industry

Oil Industry

Financing for the oil industry is a quick and seamless way to purchase all the necessary tools and equipment to complete the job. This is a great example of an industry that generates high amounts of revenue, but can be difficult to operate because of the overhead costs associated with the industry. While revenue generally takes time to flow, invoices and services have to be paid out everyday. The easiest way to accomplish this is through accounts receivable financing.

When these oil businesses use accounts receivable financing, they are provided cash upfront and it allows you to take advantage of the full profit margins of making payments on time. It’s no secret that there are several external costs involved when extracting oil, but where the problem lies is within the amount of capital these businesses begin with. Oil is a very profitable industry, but to smaller companies it becomes very difficult for them to fund these large projects to excavate the oil from the grounds.


Get Started Today! Rates start as low as 0.75%. Click Here for more information contact us by email info@ablebusinesscredit.com or phone at 1 (855) 800-5525. We help businesses across Canada get the financing they need!

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Most of our clients use Able Business Credit for one of the following reasons: their working capital is diminished because their receivables are coming in slowly; they’ve been rejected by the bank and have exhausted all other methods of funding; they are a relatively new business and have not yet qualified for bank loans; or they have see an unexpected increase in demand from their customers. By working with Able Business credit, oil operators can easily tap into their accounts receivable to receive instant cash to payoff the high costs associated with extracting oil.

By using Able Business Credit, we assure you that if you have the sales or assets to be a profitable company, we will find you the capital necessary to run your business. If you have any questions send us an email or give us a call at 1-855-800-5525.