Invoice Factoring Services:
Oil & Gas Factoring Company
Gas, Oil, Energy & Mining
Accounts Receivable Factoring Canada
A medium sized pipeline company in Northern Alberta was experiencing tremendous growth. Their sales had nearly doubled over the course of a few months and their existing line of credit was simply not enough to allow them to continue this rapid expansion.
Our gas & oil factoring company paid out a $4M loan to their existing lender and provided them with an accounts receivable financing facility. Four months later, the company’s account receivables had stabilized around the $8M.
Express Business Funding funded their business for several more months at which time they were then able to obtain a more conventional type of financing. As a leading invoice factoring company in Canada near Toronto, Ontario, we have worked with clients in all areas of the Oil and Gas business. We know the challenges of working in this high growth industry and can assist you with your unique financing requirements. EBF has worked with clients in the following areas relating to energy, gas and oil / mining:
- Land surveying and geological testing
- Land clearing and mulching
- Waste and water hauling
- Equipment maintenance and repairs
- Temporary accommodation and food services
- Transportation of product and equipment
- Pipeline construction and maintenance
- Staffing and payroll
- Site cleanup and reforestation
SALES BETWEEN $50K AND $5 MILLION?
We can help!
Why Use Express Business Funding?
Account receivable factoring allows Canadian businesses to turn outstanding bills into fast cash, freeing up capital and allowing you to invest back into your business. Express Business Funding is an industry leader in private small business finance solutions. We are located in Ontario just outside of Toronto and are proud to be Canadian! We provide new and growing businesses with small business loans and alternative financing solutions at competitive low rates with flexible options. Unlike other gas and oil factoring companies in Canada, we allow our clients to prepare their own bills and we do not make collection calls to their customers!
Express Business Funding provides services has a strong presence in Toronto, Ontario – Calgary, Alberta and Vancouver, BC. With Express Business Funding you can multiple products under one roof, giving flexibility to make the best financial decision. Enjoy our competitive low rates and the freedom of our real-time online accounts receivable finance platform. Finance receivables you choose or take out a private business loan. We offer a number of added features and benefits to help you grow your company. We are also proud to be the first Canadian company to offer supply chain finance services.
GET THE FUNDING YOU NEED IN 24 HOURS!