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Factors Western was able to recently assist an Oil & Gas equipment company with more than a million dollars’ worth of invoice factoring in the last month. This gave them the liquidity needed to meet larger orders. Factors Western will be able to continue funding invoices the client chooses to factor, as needed, to help meet their cash flow needs, and support their growth.
This time of year, it is always a good idea to forecast your cash flow over the holiday season. This will ensure you won’t be caught short of funds during the holidays or upon starting back up in the new year.
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.
If you think your company, or another, could benefit from an improved cash flow, we welcome the opportunity to discuss the ways we can help. Located in Alberta, we have been working in the energy sector helping businesses grow since 1985.
This Christmas, Factors Western is pleased to announce they will be providing food hampers to families in need, the shopping is almost complete!
Wishing you a Merry Christmas and Happy Holidays from all of us at Factors Western.
Contact Us At:
Phone: 1-877-717-2922
Email: [email protected]
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