Midland sits in the Permian Basin, where oilfield service, equipment and trucking companies fund the work first and collect later. Apply in five minutes; funding can arrive in as little as 24 hours.
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, and the metropolitan area, which includes all of Midland County, had 169,983. The larger Midland-Odessa combined statistical area had 340,391. Wikipedia describes Midland as a major center for American oil and natural gas production, and the Permian Basin as the highest-producing oil field in the United States, with an average of 4.2 million barrels a day in 2019.
A service company in this part of the state does the work first. Crews, trucks, fuel, parts and insurance are paid on the company's schedule. The operator that hired the company pays on its schedule, which is usually longer. In between, the service company carries the float.
Inventory such as pipe, pumps, fittings and parts is bought before it is sold, and a large order can tie up more cash than a month of ordinary business. See oil and gas equipment suppliers in Midland.
Diesel, repairs, tires and drivers are paid weekly. A truck that is down earns nothing. See oilfield trucking and hauling. We describe the cash-flow reality here and do not promise funding for any particular trucking business.
See oilfield services in Midland.
| Item | For illustration only |
|---|---|
| Weekly crew, fuel and parts | $45,000 |
| Operator pays in | 45 days |
| Cash committed before first payment | About six weeks of costs |
| One unexpected repair | Adds to the float |
These are not our terms and not typical outcomes. They show why a company with plenty of work can be short of cash.
What is the single payment or repair this money covers, and when is it due? Which customer's invoice is the one holding up your cash, and how long did that customer take on the last three invoices, in practice and not on paper? Is this a gap that happens every time a large job starts, or a one-time event? If it recurs with every large job, that is worth saying on the application, because a repeating gap suggests a different structure than a single bridge.
Oilfield businesses are used to thinking in cycles. The same discipline helps here: write the cycle down, work out the worst week in it, and size the request to that week.
The application takes about five minutes and uses a soft credit pull. Funding can arrive in as little as 24 hours, from $25,000 to $5,000,000. Same-day delivery is not promised.
Beyond oilfield firms, Midland's restaurants, hotels and shops that serve field crews have their own cycles: busy when crews are in town, quiet when they are not. Compare working capital, equipment financing, lines of credit, term loans and merchant cash advances. Area pages: Midland County and the Permian Basin hub.
Funding can arrive in as little as 24 hours after you apply. Same-day delivery is not promised. Apply as soon as a payment problem is visible, not on the day the bill is due.
No. Subcontractors, suppliers and local businesses can apply. The application is about your business and its cash flow, not who your customer is.
Long payment terms are a common reason for working capital. Say how long your customers usually take to pay on the application so the request reflects your real cycle.
A soft credit pull is used.
Yes. Sole proprietors can apply.
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
