SOURCE: TCI Business Capital
BURNSVILLE, MN--(Marketwire - Mar 5, 2013) - TCI Oilfield Factoring, a leading provider of oilfield factoring services, is proud to announce that it will be presenting their full line of factoring programs at the East Texas Oilfield Expo on Wednesday, March 6th and Thursday, March 7th, 2013 at the Maude Cobb Convention Center in Longview, Texas.
"We are excited to exhibit at the East Texas Oil Expo," said Kraig Gunwall Senior Vice President of TCI Business Capital. "Our Texas team will be represented by Bjorn Peterson and Mandi Groda, who will both be available all week at booth C4 to answer any questions."
"We're seeing a lot of changes in the industry; the challenges for our customers in Texas, Oklahoma, Arkansas and Louisiana are increasing. Today, 30 to 90-day pay terms are common. These long pay terms make it difficult for oilfield service companies to meet their working capital needs. Our oilfield factoring lines address these challenges by not only maximizing cash flow, but by greatly reducing the Accounts Receivable turn through increased efficiency in the billing process."
"Response to our oilfield factoring programs is strong," says Kraig Gunwall. "We're experts in the Oil and Gas Industry. Over the years we have built solid relationships and are on a first name basis with the accounts payable departments of Oil & Gas companies nationwide. These close relationships allow us to understand our customers' needs."
"We offer factoring to a wide range of oilfield service providers and suppliers working in the Eagleford, Barnett, and Haynesville-Bossier Shales including: oilfield trucking, well servicing, pipeline, pad and road construction companies, rental and supply companies, disposal sites and more."
About TCI Oilfield Factoring
TCI Oilfield Factoring is the Oilfield Factoring Division of TCI Business Capital, a nationwide privately held financial services company founded in 1994 and headquartered in Burnsville, Minnesota. TCI Business Capital provides a full range of business financial services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.