Crews and equipment are paid weekly; operators pay on their own cycle. Apply in about five minutes; funding can arrive in as little as 24 hours.
Apply Now →A service company runs a crew out to a lease, does the work, and sends an invoice. Between that invoice and the payment sits the operator's approval process, which can include field tickets, sign-offs, coding to the right account and a payment run. Meanwhile, wages, fuel, insurance and truck payments continue every week.
That is the receivables gap, and for a small service company it is the single biggest cash-flow issue. Everything else, from equipment to hiring, is shaped by it.
Wichita Falls is the seat of Wichita County, with 102,316 residents at the 2020 census, and the principal city of a metro area that includes Archer, Clay and Wichita counties. Burkburnett and Iowa Park are next door. A service company based here is usually a local employer with a handful of crews, a yard and trucks, taking work from operators who may be in the area or farther out.
Oilfield work is also tied to the activity levels of the operators who hire you. When they slow down, invoices slow with them, and the company that grew by saying yes to every job can find itself with a crew and no work to put it on.
| Cost | Nature | How to think about funding it |
|---|---|---|
| Crew wages and field expenses | Weekly, unavoidable | Bridge only to the expected payment date |
| Trucks, trailers and rental equipment | Multi-year assets | Compare equipment financing against short-term money |
| Insurance, fuel and repairs | Recurring, sometimes sudden | Keep a reserve instead of relying on emergency funding |
Working capital is most defensible when it covers the first row: a known, finite gap between completing work and collecting on it.
Say a company with two crews is owed $80,000 across several operator invoices, with most of it due in 45 to 60 days. Weekly payroll and fuel run a round $18,000. Over that stretch, the company has to cover $50,000 or more of outflow while the invoices sit. These are made-up numbers, not terms we offer and not typical results.
The risk is that a major customer slows down or pays later still. Funding that is sized to the exact day payment is expected leaves no margin; funding with a buffer, and a plan if the work dries up, is the more careful approach. Funders also look hard at businesses that depend heavily on oil-price-sensitive accounts, so approval depends on their review of your situation.
Many service companies also look at equipment financing for trucks, working capital for payroll and a line of credit for repeating gaps. Read about merchant cash advances, term loans, fast funding and bad credit.
Nearby trades include metal fabrication and welding and restaurants. For the area, see Wichita County.
Yes. Sole proprietors can apply, and many small service businesses are one or two crews. The application takes about five minutes.
That is a common reason owners look at working capital. Make sure the amount matches the realistic payment date.
No one can promise that. Funders review each business, and companies dependent on oil-price-sensitive accounts get a close look.
From $25,000 to $5,000,000, and funding can arrive in as little as 24 hours.
That is a serious problem funding cannot fix. Keep documentation of the work and talk to an attorney about collection.
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
