In the Energy Sector it is quite common for companies to shut down their operations and offices for two weeks or even longer over the Christmas Holidays. 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 the Holiday period and quickly ramp up in January, finding the funds to meet supply and mobilization expenses can become a challenge. And in the midst of a pandemic access to working capital can be even more difficult.
Why not talk to the staff at Factors Western to learn how factoring can help manage your cash flow, by getting paid quickly for you invoices. Located in Alberta, we have been working in the Energy sector helping companies grow since 1985.