Oilfield Factoring in Bakersfield, CA
Bakersfield is the capital of California's oil patch — Kern County produces the large majority of the state's crude, and the service companies that keep its fields running (well servicing, trucking, maintenance crews, rental yards) invoice operators on 45 to 90 day terms while payroll and fuel run daily. Oilfield factoring converts those approved-ticket invoices to cash: typically 85-95% advanced within a business day. Y Millennial Funding offers oilfield factoring for Bakersfield-area service companies, and revenue-based funding from $50,000 in monthly revenue, approved on receivables and revenue rather than credit. Factoring is the purchase of receivables, not a loan. Not all applicants qualify.
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How Bakersfield Oilfield Factoring & Energy Services Funding Businesses Use Our Funding
Get paid at ticket on well-servicing and hauling invoices to Kern operators.
Flex between oilfield and ag-hauling books under one funding relationship.
Keep maintenance crews paid through process-heavy operator AP cycles.
Oilfield Factoring & Energy Services Funding in the Bakersfield Market
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