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In the Oil & Gas Industry 30 to 90-day pay terms are standard. These long pay terms can add "Cash Flow Stress" to growing companies.

Our specially designed Oilfield Factoring Lines can ease your stress and provide the cash you need to take advantage of this once in a lifetime Oil & Gas boom. What's more, Set-up is as easy as 1-2-3.

Call Today! 701-355-6271

© 2014 TCI Business Capital, Inc.

About the Bakken Shale

*The Bakken Shale is America's newest Oil boom. Located in western North Dakota and eastern Montana, the Bakken is part of the Williston basin. With recent technological advances, the ability to extract the oil has become easier and cost effective. As Oil exploration companies have descended the economies of towns such as Williston North Dakota, Dickinson North Dakota, Minot North Dakota, Bismarck North Dakota, and Sidney Montana have blossomed. These parts of North Dakota and Montana, which were previously dependent on agriculture and livestock, are now benefiting from the influx of workers and companies from all over the country.

*The Bakken formation initially described by geologist J.W. Nordquist in 1953, is a rock unit from the Late Devonian to Early Mississippian age occupying about 200,000 square miles of the subsurface of the Williston Basin, covering parts of Montana, North Dakota, and Saskatchewan. The formation is entirely in the subsurface, and has no surface outcrop.

Oil was first discovered within the Bakken in 1951, but efforts to produce it have historically met with difficulties. An April 2008 USGS report estimated the amount of technically recoverable oil using technology readily available at the end of 2007 within the Bakken Formation at 3.0 to 4.3 billion barrels, with a mean of 3.65 billion. The state of North Dakota also released a report that month which estimated that there are 2.1 billion barrels of technically recoverable oil in the Bakken.

New rock fracturing technology available starting in 2008 has caused a recent boom in Bakken production. By the end of 2010 oil production rates had reached 458,000 barrels per day outstripping the capacity to ship oil out of the Bakken.
The greatest Bakken oil production comes from Elm Coulee Oil Field, Richland County, Montana, where production began in 2000 and is expected to ultimately total 270 million barrels. In 2007, production from Elm Coulee averaged 53,000 barrels per day-- more than the entire state of Montana a few years earlier.

Bakken Oilfield Factoring - More Information

Bakken Oilfield Factoring is the Oilfield Factoring division of TCI Business Capital. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies throughout North America.

We provide our Oilfield Factoring lines to Oilfield Service companies working on the front lines of America's energy sector. These companies choose our Oilfield Factoring services because they need working capital, but are not able to obtain sufficient financing from their bank.

We have separated ourselves from traditional lenders and other Oilfield Factoring Companies by eliminating the customary red tape that is common in the Oilfield Factoring industry.

Our streamlined Oilfield Factoring process is simple; you send us your invoices, and we pay you for them the same day. We then collect payment from your customers. It's that simple.

Bakken Oilfield Factoring customers provide a wide range of upstream, midstream, and downstream services. Our Oilfield Factoring customers work for most of the Oil & Gas companies in North America.


Contact Information

Bakken Oilfield Factoring
634 E Broadway, #1346
Williston, ND 58801
701-355-6271

Or click here to learn more


Bakken Oilfield Factoring for Oilfield Trucking Companies

We provide our Oilfield Factoring service to Oilfield Trucking companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Trucking Companies.

Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

What's more, with our simple and straightforward underwriting guidelines, most Bakken Oilfield Factoring customers receive written approvals in 30 minutes or less.

We provide our Oilfield Factoring for the following Trucking Companies:

  • Water Haulers
  • Rig Movers
  • Mud Haulers
  • Gravel Haulers
  • Hot Shots
  • Haz Mat Hauling
  • Frac Sand Haulers
  • Vacuum Trucks
  • Winch Trucks
  • Equipment Haulers
  • Flatbed Carriers
  • Crude Haulers
  • Pipe Haulers
  • Dump Trucks
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Trucking Company, Bakken Oilfield Factoring lines can help!

    Bakken Oilfield Factoring for Oilfield Service Companies

    We provide our Oilfield Factoring service to Oilfield Service companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Service Companies.

    Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

    What's more, with our simple and straightforward underwriting guidelines, most Bakken Oilfield Factoring customers receive written approvals in 30 minutes or less.

    We provide our Oilfield Factoring for the following Oilfield Service Companies:

  • Roustabouts
  • Wireline Services
  • Environmental Clean Up
  • Well Servicing
  • Drilling Companies
  • Fishing Services
  • Flowback Testing
  • Tank & Pipe Cleaning
  • Pit Cleaning
  • Welding Services
  • Acidizing & Cementing
  • Plugging Contractors
  • Testing Services
  • Slickline Services
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Service company, we can help!

    Bakken Oilfield Factoring for Oilfield Supply and Construction Companies

    We provide our Oilfield Factoring service to Oilfield Supply and Construction companies nationwide. In this industry 30 to 90-day pay terms are standard. These long pay terms create "Cash Flow Stress" for Oilfield Supply and Construction companies.

    Our "Easy to Set Up" Oilfield Factoring lines can ease that stress by allowing you to access the capital that is tied up in your Accounts Receivables. As a result, you will have the working capital you need to get caught up on bills, pay owner operators on time and make any equipment purchases necessary to take advantage of this once in a life time Oil & Gas boom.

    What's more, with our simple and straightforward underwriting guidelines, most Bakken Oilfield Factoring customers receive written approvals in 30 minutes or less.

    We provide our Oilfield Factoring for the following Oilfield Supply and Construction Companies:

  • Excavating
  • Road Construction
  • Scoria Pit/Suppliers
  • Pad Builders
  • Gravel Pit/Suppliers
  • Water Purification
  • Site Preparation
  • Pipeline Construction
  • Fly Ash Suppliers
  • Disposal Wells/Sites
  • Frac Sand Suppliers
  • Hot Oil Services
  • Equipment Rentals
  • Drilling Equip Suppliers
  • And More
  • Whether you're a start-up just entering the Oil & Gas Industry or an established Oilfield Supply and Construction Company, we can help!

    More Facts about Oilfield Factoring

    What is Oilfield Factoring? Oilfield Factoring is a transaction where an Oilfield Service Company sells (Factors) its Accounts Receivables, or invoices, to an Oilfield Factoring Company in order to improve cash flow. With Oilfield Factoring, the Oilfield Service Company will have immediate cash available for payables, payroll, maintenance, or improving equipment. Oilfield Factoring is not a loan, and therefore no debt is incurred.

    At Bakken Oilfield Factoring, our program is different from a bank loan in two significant ways. First, Bakken Oilfield Factoring places the emphasis on the value of the Receivables, not the firms credit worthiness or fixed assets. Secondly, Oilfield Factoring is not a loan, it is the purchase of a financial asset (the Receivable). The Receivable is a financial asset associated with the debtors liability to pay money owed to the seller for work performed or goods sold. The seller sells its Invoices (the Receivables) at a discount to Bakken Oilfield Factoring to obtain the cash needed for day-to-day operations.


    Contact Information

    Bakken Oilfield Factoring
    634 E Broadway, #1346
    Williston, ND 58801
    701-355-6271

    Or click here to learn more


    Oilfield Factoring transfers ownership of the Receivables to the Oilfield Factoring Company. The account debtor is then notified of the sale and then remits payment directly to a lockbox designated by the Oilfield Factoring Company.

    At Bakken Oilfield Factoring, we provide other mission critical services including credit analysis, risk assessment, a/r management, billing, collections, treasury and 24/7 web reporting.

    The three parts to Oilfield Factoring

    There are three integral parts to an Oilfield Factoring transaction.
    1. The fee, this is the amount an Oilfield Factoring Company will charge you for the service. Most Oilfield Factoring Companies will charge you a Factoring fee also known as a service charge as well as interest based on how long it takes the debtor to pay.
    2. The advance, this is the percentage of the face value of invoice, the Oilfield Factoring company pays you upon submission of that invoice.
    3. The reserve, this is the remainder of the total Oilfield Invoice amount held until the payment by the account debtor is made in full.

    More about Bakken Oilfield Factoring

    Bakken Oilfield Factoring is a leading Oilfield Factoring Company. Since 1994, we have provided "Best in Class" Oilfield Factoring solutions to thousands of small to mid-size companies all across North America.

    At Bakken Oilfield Factoring we distinguish ourselves from other financial institutions with our "Get it Done" culture. We are proud to be recognized for our reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.

    The Bakken Oilfield Factoring family is active in the community as we believe in helping those in need. Over the years, our support has been focused towards school-aged children, wounded veterans, countries hit by natural disaster, and victims of domestic violence. We take pride in supporting various organizations that share the belief that it is our duty and responsibility to help improve the lives of others.

    Call today and talk to one of our Oilfield Factoring specialists. Our specialists will give a free consultation on how Oilfield Factoring can help your business. With Bakken Oilfield Factoring there is no red tape to cut through or bureaucratic maze to navigate. What's more, with our simple and straightforward underwriting guidelines, most of our Oilfield Factoring customers receive written approvals in 30 minutes or less.

    Bakken Oilfield Factoring customers provide a wide range of upstream, midstream, and downstream services. Our customers work for most of the Oil & Gas companies in North America including:

  • Anadarko Petroleum
  • Encana Oil & Gas
  • Marathon Oil
  • Rosetta Resources
  • Anschutz Exploration
  • Endeavor Energy
  • Marathon Oil EF
  • Sabine Storage
  • Apache Corp
  • Enerplus
  • Matador Production
  • Samson Lone Star
  • Baker Hughes Inc
  • Enervest Operating
  • Mewborne Oil
  • Samson Resources
  • Basic Energy Services
  • Ensign Energy Services
  • Mull Drilling
  • Sandridge E & P
  • BHP Billiton
  • EOG Resources
  • Murphy Oil Corporation
  • Schlumberger
  • Bill Barrett Corp
  • EP Energy
  • Nabors Industries
  • Sheridan Exploration
  • Brigham Oil & Gas
  • Escondido Resources II
  • Nadel & Gussman
  • Slawson Exploration
  • Burlington Resources
  • Exco Resources
  • Newfield Exp Mid-Con
  • SM Energy
  • Burnett Oil
  • Fasken Oil & Ranch
  • Newfield Exploration Co
  • Southwestern Energy
  • Cabot Oil & Gas
  • Fidelity E & P
  • Noble Energy
  • Summit Energy
  • Callon Petroleum
  • FIML Natural Resources
  • Nomac Drilling
  • Superior Well Services
  • Carrizo Oil & Gas
  • Forest Oil
  • Oasis Petroleum
  • Talisman Energy USA
  • Chesapeake
  • Gulfport Energy
  • OXY Permian
  • Three Rivers Operating
  • Chevron
  • Halcon Resources
  • OXY USA
  • True Oil
  • Choice Exploration
  • Halliburton
  • OXY USA WTP
  • Ultra Petroleum
  • Cimarex Energy
  • Helmerich & Payne
  • Parsley Energy
  • Unit Drilling Company
  • Citation Oil & Gas
  • Hess Corporation
  • Patterson - UTI Drilling
  • Unit Petroleum
  • Clayton Williams Energy
  • Hilcorp Energy
  • Petro-Hunt
  • W & T Offshore
  • COG Operating
  • Hunt Oil
  • Pinnergy, LTD
  • Whiting Petroleum
  • Comstock Resources
  • Jetta Operating
  • Pioneer Energy Services
  • Williams Production
  • Conoco Philips
  • Jones Energy
  • Pioneer Natural Resources
  • WPX Energy
  • Continental Resources
  • Kodiak Oil and Gas
  • Precision Drilling Trust
  • XTO Energy
  • CrownQuest Operating
  • Laredo Petroleum Holdings
  • QEP Resources
  • Yates Petroleum
  • Denbury Resources
  • Latshaw Drilling & Exploration
  • Quicksilver Resources
  • Zavanna LLC
  • Devon Energy
  • Linn Energy
  • Range Resources
  • Z Energy
  • And Many More
  • And Many More
  • And Many More
  • And Many More
  • Bakken Oilfield Factoring Blog

    How Factoring Works

    Factoring or (accounts receivable finance) is an effective financial tool that helps startups and small business meet payroll, purchase equipment and fuel business growth. Even though factoring is an established and common financial tool, we've discovered that many businesses still seek out an explanation of how factoring actually works. Below, we've broken down the typical nuts-and-bolts summation of how factoring works.

    Why Do Companies Factor Their Invoices?


    Companies that have slow-paying customers or are in a cash-flow crunch often sell their invoices to a factoring company, so they can better manage their back-office and their finances.

    Furthermore, if a company needs a flexible source of cash, or is waiting 30, 60 or 90 days for customer payments, the company can greatly benefit from factoring.

    Generalizing, a factoring company will purchase your invoices and advance up to 95% of the invoice amount. Once the bill is paid, the factoring company remits the balance, minus a small fee.

    How Factoring Works



    Step 1

    Your company chooses a credible factoring company and signs a contract. At this time, you choose which clients you want to factor (more can be added later). The factoring company will conduct due diligence on the clients you wish to factor. From there, the factoring company sets a maximum dollar amount on the invoices you wish to factor.

    Step 2

    The factoring company goes to work. First, they'll send a Notice of Assignment to the clients you've selected to factor. The Notice of Assignment shows that your company has named the factoring company as the entity to receive future payments for all invoices.

    Step 3

    You choose which invoices you want to factor. As soon as the factoring company receives payment for an invoice that hasn't been factored, they pass the payment on to you.

    Step 4

    The factoring company delivers cash at up to 95% of the value of the factored invoice.

    Step 5

    The factoring company collects the invoice, pays the remaining balance owed to you, minus a small fee.

    Does Factoring Sound Right For You?


    Really, that's all there is to it. So, if you're waiting 30, 60 or 90 days for payments, you might want to consider factoring as a sound financial tool. With over 20 years in financial services, TCI Business Capital can help. Contact the financial services experts at TCI Business Capital for a fast, no-obligation quote. 1-800-707-4845.

    Read more of the Bakken Oilfield Factoring Blog


    For more information on Bakken Oilfield Factoring, please call 701-355-6271

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