Banks see sector risk
Many lenders avoid energy services regardless of who the customers are.
Oil & Gas Services
Line of credit for oil and gas service companies
Oilfield service, remediation and safety companies work for some of the largest companies in the world, which pay on their own timetable. InterNex looks past the sector's reputation for volatility to the quality of your customers and contracts.
At a glance
VelocityLOC for Oil & Gas Services
- Facility size
- $2.5M to $25M+
- Advance rate
- Up to 85% of eligible receivables
- Customer notification
- None
- Proposal
- Within 48 hours of a complete file
Terms are structured around each business and subject to underwriting.
The challenge
Where working capital gets stuck
Long, uneven payment cycles
Major operators often pay well beyond standard terms.
Notification is a non-starter
Majors do not want to redirect payments to a third-party lender.
How InterNex helps
A line of credit built around how you bill
Your customers keep paying you exactly as they do today. We lend against what they owe you.
- Underwriting focused on customer quality and contract strength.
- Non-notified, so operator customers keep paying you directly.
- Room to grow beyond the limits of a regional bank line.
- Term loans that can use other unencumbered assets as additional collateral.
Case studies
Case studies
We are adding case studies for this sector. Browse all case studies or talk to a senior lender about your receivables.
FAQ
Oil & Gas Services financing questions
Do you lend to oilfield service companies?
Yes. InterNex considers oil and gas service businesses with strong operator customers, including staffing firms serving oilfield operations.
Why does non-notification matter in oil and gas?
Major operators do not want the administrative burden of paying a third-party lender. A non-notified line keeps their payment instructions unchanged.
Will my customers know I am using InterNex?
No. Lines are non-notified. Customers pay into an account established in your company's name, so nothing changes for them.
Does my business need to be profitable?
No. InterNex underwrites the quality of your receivables, your customers and your management team. Profitability can improve pricing, but it is not a requirement.
Is there a minimum credit score?
No. InterNex does not underwrite on owners' personal credit scores.
Other industries
More sectors we finance
Talk to a lender
Financing for Oil & Gas Services
Tell us a little about your business. A senior lender will review it and come back to you within one to two business days.
- A proposal within 48 hours of a complete file
- No obligation and no impact on your customers
- Speak directly with a senior lender, not a call center
(646) 849-1800
600 Mamaroneck Ave, Suite 400, Harrison, NY 10528