Fast Funding for the Permian Basin

Same-Day Business Funding in the Permian Basin

Oilfield service companies do the work first and collect later. Apply in five minutes; funding can arrive in as little as 24 hours.

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The basin sets the calendar

The Permian Basin is described as the highest-producing oil field in the United States, averaging 4.2 million barrels of crude oil per day in 2019, in West Texas and far southeastern New Mexico. Its component basins include the Midland Basin, the largest, the Delaware Basin, the second largest, and the Marfa Basin, the smallest. This grouping covers nineteen Texas counties, from Midland, Ector and Howard to Reeves, Pecos, Loving and Winkler.

For a small company here, the basin is not a headline. It is a customer list. When operators move rigs or change budgets, service companies feel it within weeks, and the cash cycle changes with it.

The float problem in one table

Cost you pay nowRevenue you receive laterWhat the gap looks like
Crew wages, weeklyOperator invoice, paid on its own scheduleWeeks of payroll funded out of pocket
Fuel, parts, tiresSame invoiceA repair and a fuel bill land the same week
Insurance and equipment paymentsSame invoiceFixed costs do not pause during a slow-pay stretch
Inventory for the yard or shopSales to many customersA large order ties up more cash than a normal month

A fast decision is useful because a vendor, a crew or a lessor will not wait on the operator's accounting department.

Who this page is for

Oilfield service companies, equipment and parts suppliers, water and trucking haulers working the field, welders and fabricators, and the local businesses that sell to field crews. About trucking: we describe the cash-flow reality of oilfield hauling, with diesel, tires and drivers paid weekly, and do not promise funding for any particular trucking business.

Local restaurants, motels and shops have their own version. They are busy when crews are in town and quiet when work slows, but rent and payroll stay the same.

Sizing the request

Work out the worst week. If a crew costs $15,000 a week and the operator pays 45 days after invoice, then the company must carry roughly six or seven weeks of cost. Those are round numbers for illustration only, not our terms or typical outcomes. The point is to size a request to the real gap, not to a round figure, and to say where the repayment comes from: the specific operator invoices outstanding.

What we can and cannot say

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. Sole proprietors can apply. We do not promise same-day delivery.

Common Questions

Which counties are included in the Permian Basin grouping?

Nineteen: Andrews, Borden, Crane, Crockett, Dawson, Ector, Gaines, Glasscock, Howard, Loving, Martin, Midland, Mitchell, Pecos, Reagan, Reeves, Upton, Ward and Winkler. This is an editorial grouping.

Do you fund oilfield trucking?

We describe the cash-flow reality but do not promise funding for any specific trucking business.

My operator pays slowly. Is that a reason to apply?

A slow-paying customer is one of the most common reasons for a working-capital gap. Describe which invoices are outstanding and how long they have been open.

Is same-day funding available?

Funding can arrive in as little as 24 hours. Same-day delivery is not promised.

Can a one-truck or one-crew business apply?

Sole proprietors can apply, subject to the funding range of $25,000 to $5,000,000.

%s

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.

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