Midland runs on contract work in the Permian Basin, and contract work is paid on someone else's schedule. Here is how an advance fits an oilfield service company.
Apply Now →Midland is the county seat of Midland County in West Texas, with small portions extending into Martin County. The 2020 census counted 132,524 residents in the city and 169,983 in the metropolitan area, which is part of the larger Midland-Odessa combined statistical area. The city sits in the Permian Basin and is a major center for American oil and natural gas production. Residents call themselves Midlanders.
The Permian Basin is the highest-producing oil field in the United States, and the businesses around it include oilfield service companies, equipment and supply houses, hauling outfits, and the restaurants, hotels and shops that serve field crews.
A merchant cash advance gives a business money up front, repaid from future revenue under the agreement. In an oilfield service business the revenue in question is often a specific outstanding invoice, so owners tend to size an advance to the receivable and judge the offer by whether the invoice comfortably exceeds everything repaid.
For illustration only, with invented round numbers: a crew company has $50,000 of payroll and fuel going out over a month while a $90,000 invoice is unpaid. The company can be profitable and still short at payroll. These figures are not our terms or a typical result.
| Question | Why it matters in the Permian |
|---|---|
| What if a big customer pays two weeks late? | Contract work often depends on a handful of accounts |
| Is repayment tied to receipts or a schedule? | Activity can drop sharply between jobs |
| What is the total repaid? | Compare it with the amount received, not the headline |
| Will the funded equipment earn its keep? | A repaired truck back on the road is different from a vague expansion |
Activity around the Permian can change quickly. Plan an advance so that it can be repaid in a slower period, not only in a busy one. Keep a written list of your unpaid invoices by age, and size any request to the oldest reliable one.
Read the Midland pages for oilfield services, oil and gas equipment suppliers and oilfield trucking and hauling. Owners also compare equipment financing, a line of credit and term loans. We fund $25,000 to $5,000,000, funding can arrive in as little as 24 hours, and sole proprietors can apply. Apply in about five minutes.
It is a reason to size conservatively. Repayment comes from future revenue, so plan around a slower stretch, not the best one.
No. Supply houses, haulers and shops that serve crews use working capital too.
Sole proprietors can apply. Long-haul trucking has its own cash-flow realities, and we make no promise of funding for it.
Odessa has its own pages in the Permian Basin cluster.
No. Compare the written offer.
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
