Factoring is a way to utilize the funds from your invoices before your customer issues payment. Like many companies, you may need to pay suppliers, payroll, fuel, sub-contractors, and other expenses before you receive payment from your customer. Or, maybe you are looking for extra capital to expand your business, accept new projects, or purchase additional equipment without taking out loans.
That's where Velocity Financial comes in. We can advance funds on your invoices as soon as the work is complete so you can use the cash now while we wait on your customer to pay. Our service also includes many other support features such as Free Customer Credit Checks and Collections Management.
We provide a convenient factoring service that includes:
Our Team has over 20 years experience in factoring combined with 35 years of Oil & Gas Management . We understand the industry and your customers. Our goal is to meet your business needs while providing top notch service and building a lasting relationship.
We're honored to have served many companies in the Permian Basin as well as other businesses and industries across the U.S. When you need capital to grow your business, Velocity Financial can help you get the cash you need.