Midland is a major center for American oil and natural gas production, and vendors serving the field often do the work long before they are paid.
Apply Now →Midland is the county seat of Midland County in West Texas, with 132,524 residents at the 2020 census; the metropolitan area, which is all of Midland County, had 169,983. It sits in the Permian Basin, which spans West Texas and the far southeast corner of New Mexico and was the highest-producing U.S. oil field, averaging 4.2 million barrels a day in 2019. Around that activity sits a layer of smaller companies: oilfield service outfits, equipment and supply houses, haulers, and the restaurants, hotels and shops that feed crews.
| Vendor type | Where cash gets stuck | Page |
|---|---|---|
| Oilfield service company | Crew pay and fuel go out while invoices wait | Oilfield services |
| Equipment and supply supplier | Stock bought up front, customers pay later | Equipment suppliers |
| Hauler | Fuel, repairs and driver pay precede payment | Trucking and hauling |
Field activity follows the plans of the operators who buy services. When those plans slow, vendors tend to feel it first in how fast invoices are paid, and costs do not slow with them. When work picks up, the opposite problem arrives: crews, trucks and stock must be added before the new revenue lands. In both directions, a business is paying before it is paid.
A line of credit lets a business draw as needed rather than take a lump sum. It can cover payroll and supplies while invoices are open. It does not change when customers pay, and it is not a substitute for a plan for slow periods. Terms are in each offer. We consider funding from $25,000 to $5,000,000. Funding can arrive in as little as 24 hours, the application takes about five minutes with a soft credit pull, and sole proprietors can apply.
Midland businesses tend to move with the activity of the operators around them, so your own numbers are the best guide. How long do your largest customers take to pay, and has that stretched recently? What is the cost of a day when a truck, rig unit or crew is idle? Which bills cannot move: payroll, fuel, insurance, lease payments? Owners in an activity-driven market often keep a simple weekly sheet of money in and money out. That sheet shows when a draw would help and when it would only postpone a deeper problem.
For a rig component, truck or tool, equipment financing. For a defined project, term loans. For a general cushion, working capital. See also merchant cash advance and same-day funding. Wider context: Midland County and the Permian Basin, or apply.
Larger customers set their own payment schedules, and the work is usually finished before the invoice is settled.
It spans West Texas and the far southeast of New Mexico, and averaged 4.2 million barrels a day in 2019.
Yes. Sole proprietors can apply.
No. It can cover short gaps, but it is not a plan for a long slowdown.
We consider $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
