Business Factors & Finance, an alternative commercial financing company providing factoring accounts receivables, invoice factoring, and oil and gas funding to small and medium-sized businesses, is preparing for the expected rise in services demand due to the surge in shale oil and gas exploration starting in 2014.
Oil and gas financing, as well as manufacturing and freight factoring, already makes up a large portion of Business Factor & Finance’s business. It recently provided a
As shale oil and gas exploration continues to expand, so will the need for oil and gas funding. Such oil and gas project financing often requires a large, up-front investment. Corporate banks are often unable to meet the financing needs of such projects in the required timeline. That’s why many companies turn to factoring. Business Factors & Finance has a track record of meeting the turnaround time & monetary requirements of this demanding industry, and as a result expects to secure even more oil and gas financing contracts in 2014.
“It was announced by CNN Money in October that the U.S. is expected to produce more than 11 million barrels a day of oil and natural gas liquids for 2014, outpacing
About: Leveraging a customer-focused philosophy with more than 40 years of experience, BusinessFactors.com is the premier factoring financial services company. It provides accounts receivable factoring and small business financing to diverse industries, such as energy, transportation, freight, staffing, agriculture and so much more. Business Factors & Finance has the financial capital and backing to support both dramatic and sustainable growth to secure a business’s future success.
Read the full story at http://www.prweb.com/releases/2014/02/prweb11572736.htm
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