With an extended break-up due to wet conditions, coupled with summer holidays, business in late spring and early summer can slow down for many parts of the Energy Sector.
This can put a strain on a company’s cash flow, especially if they have to wait longer than normal to get paid for their outstanding invoices. Additionally when sales drop over a slowdown period and quickly ramp up in late summer, finding the funds to meet supply, payroll and mobilization expenses can become a challenge.
Don’t get caught off guard and forced to turn down new opportunities due to lack of available working capital. Talk to the staff at Factors Western to learn how factoring can help manage your cash flow, by getting paid quickly for your invoices. Located in Alberta, we have been working in the Energy sector helping companies grow since 1985.
Why not give us a call to explore the advantages of factoring.