SOURCE: TCI Oilfield Factoring
BURNSVILLE, MN--(Marketwire - Oct 9, 2012) - TCI Oilfield Factoring, a leading provider of oilfield factoring services, is proud to announce the release of its new factoring lines specifically designed for oilfield service companies working in North Dakota.
"We are excited to present our new oilfield factoring lines on October 11th and 12th at the Bakken Oil and Product Show in Williston, North Dakota," said Eric Schoch, Executive Vice President of TCI. "The industry is changing; the challenges for our customers in North Dakota 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 new 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."
About TCI Oilfield Factoring
TCI Oilfield Factoring, the Oilfield Division of TCI Business Capital, is 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.
For more information, please visit www.TCIOilfieldFactoring.com.