Crews get paid every week. The operator may pay an invoice weeks or months later. This page is about the receivables gap, which is where oilfield service companies feel the squeeze.
Apply Now →Andrews is a city in and the county seat of Andrews County, in the Permian Basin of West Texas, about 30 miles east of New Mexico. It was incorporated on February 2, 1937, and had 13,487 residents at the 2020 census. The Permian Basin is the highest-producing oil field in the United States, with output averaging 4.2 million barrels a day in 2019, according to Wikipedia. A company that serves the field is in business because operators are producing, and it is paid by operators who keep their own schedule.
An oilfield service company carries real, recurring costs. Crews are paid weekly. Trucks burn fuel and need maintenance. Insurance, equipment leases and yard costs do not pause. Invoices to operators go out after the job and are paid on the operator's terms, which can run well past thirty days. A company can finish a job on time and still wait for the money.
| Cost | When it is due | Who controls the timing |
|---|---|---|
| Crew payroll | Weekly or twice monthly | You |
| Fuel and repairs | As incurred | The job and the equipment |
| Equipment payments | Monthly | Lease or loan terms |
| Customer payment | After invoice, on terms | The operator |
Suppose a service company bills $75,000 for a month of work. During that month it pays $28,000 in crew wages, $9,000 in fuel and repairs, and $12,000 in equipment payments and insurance. If the operator pays at 60 days, the company has spent $49,000 before the first dollar comes back, and a second month of work doubles the exposure. The numbers are invented to show how the gap forms. They are not our terms and not a prediction about any company.
It is worth being plain about what funding does not do. Oil prices and operator activity can move, and we do not promise funding for any particular oilfield business. Decisions depend on the full picture of the company. A conservative request is sized to a specific gap, with a clear source of repayment such as an invoice already issued.
Funding runs from $25,000 to $5,000,000, and funds can arrive in as little as 24 hours after approval. The application takes about five minutes and starts with a soft credit pull. Sole proprietors can apply. For context on how we treat the area as a whole, see our Permian Basin funding page and the Andrews County page, or start from the general Andrews business funding page.
Operators pay on their own terms, often well after the invoice. Crews, fuel and equipment are due sooner, which opens a gap.
No. Decisions depend on the full picture of the business, and oil-price-driven swings are part of that picture.
Yes. Sole proprietors can apply, with a five-minute application and a soft credit pull.
Match it to a specific need, such as one payroll cycle or an issued invoice, and keep a modest cushion.
In as little as 24 hours after approval, with amounts from $25,000 to $5,000,000.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
