INDUSTRY

Financing for Oilfield Service Companies

Up to $2M Financing for Oilfield Businesses

Up to $2,000,000 of Funding Available for Your Oilfield Business

Interested in funding for Oilfield Businesses?

The oilfield service industry has become the core industrial sector that supports natural gas extraction, purification, and supply chain management. It provides a framework for oil and gas companies to serve several sectors of the economy. In the high-stakes environments of oilfield service operations, our financing services can provide much-needed capital and allow business owners to streamline cash flow. Given that clients can often take longer than 30 to 60 days to fulfill their invoice commitments, oilfield financing facilitates the availability of quick funds and allows you to address any immediate necessities. That’s not all; oil and gas financing can also provide the freedom to plan for your firm’s future without worrying about balance sheets.

At FundKite, we provide tailored solutions for oilfield service firms. Our underwriters and industry experts are aware of the unique challenges faced by business owners in the niche and work hard to offer solutions that work for you. Moreover, our strategies and funding options are growth-based, allowing you to remain focused on expanding your business’ potential. Unlike business loans and capital support, our financing solutions keep steep interest rates out of the picture and instead promote a holistic approach to funding your business where mutual benefit is of paramount importance.

Products &
Services We Offer.

With oil and gas firms, access to quick funds is of the essence, and FundKite takes special care to factor in these nuances of the industry when providing capital solutions. Whether it is funding a potential expansion for your business or footing operational expenses, oilfield financing can be an intuitive method of securing funds for your firm. Access to capital can ensure your business stays competitive and fulfills essential commitments such as procurement of quintessential material. Technically intensive and with a constant requirement for skilled manpower, oilfield service firms can benefit to a great degree when waiting for invoice fulfillment is off the table. Here’s how FundKite can help you sustain your business:

Our financing solutions can help you take on additional contracts and fund your initial investments

Post financing, following up on your invoices are taken care of, allowing you to allocate resources to other tasks

Access to funds can help you hire gas field specialists and attract more clientele

Uninterrupted cash flow opens up possibilities to buy newer, better, and more durable equipment to support your operations in the field

Having a steady flow of funds in your accounts can help you build and maintain a corpus of reserves to support your business endeavors

Stable finances also mean that you can remain on track to fulfilling your payroll commitments

Our financing options can help you build a tangible base of capital. Finance your diversification goals and grow your business by offering services to a variety of oil and gas establishments

FundKite provides business financing services to a wide array of oilfield service firms, some of which are:

Oilfield drilling & exploration firms

Oilfield and rig construction firms

Natural gas well support firms

Oilfield support service businesses

Non-metallic ore drilling & exploration firms

Energy management operations

Oil and gas refineries

The oilfield services industry remains quintessential to the steady supply of much-needed petroleum products that fuel the modern economy. With most commodities that emerge from the process of refining petroleum also being key determinants of world markets, it is key to support hassle-free operations in this sector. To this measure, FundKite’s financing plans have a large assortment of benefits over traditional funding means. These include:

Uncomplicated & Easy Approvals

With banks and other financial institutions often mired in a jumble of statutes and rigid qualification criteria, FundKite offers a solution that is transparent, straightforward, and quick. Capital-intensive businesses such as oilfield services companies frequently require immediate access to funds. Our policies are built to help us provide you with the financial assistance you need in the shortest turnaround times.

Upon approval, our oil and gas financing options ensure you have the funds in your account in 24 hours. Moreover, long waits can be detrimental to both your day-to-day operations and your reputation. FundKite takes these concerns seriously and ensures you have access to money when you need it most.

Estimated Cost of Funding

Oilfield financing solutions do not rely on interest rates, and instead, allow you to repay a mutually agreed-upon percentage of your accounts receivable over time. This holistic approach to funding allows you to repay FundKite only when your business succeeds.

This interest-free approach helps businesses remain free of burden and financial stress, ensuring they can maximize their performance. Whether it’s providing drilling equipment to an oilfield or managing the extraction of natural gas on a rig, your business can remain committed to expansion and performance.

Boutique-style Funding Approach

Oil and gas financing requires a meticulous approach that factors in numerous variables, including the extent of your operations. In such a diverse industry, imposing rigid structures is impractical. FundKite understands these limitations and instead adopts tailor-made capital solutions that are just right for your operation.

With a financial plan built around your unique methodologies, you can be sure of arriving at a financial solution that is bound to boost growth. Along with your requirements, FundKite also takes into account the market climate, your firm’s financial projections, and cash flow management strategies before offering you a financing option.

Manageable Repayment Periods

At FundKite, you can be approved for funding for periods going up to 220 days. In contrast to long, arduous, and financially draining repayment durations at banking institutions, FundKite adopts a business-centric approach to oil and gas financing. Business owners can also work with our expert underwriters to determine other potential repayment lengths to ensure they have a plan that works best for their business.

Short repayment terms also mean fewer cutbacks, and increased freedom to plan for your business’s long-term aspirations. With several years’ worth of repayment effectively removed from the projections, you can remain committed to reinforcing your business goals.

The Benefits of Financing Your Oil and Gas Company with FundKite

FundKite approaches financial solutions not as a lender, but as a business partner promoting your firm’s prospects. Our expertise spans an array of different industries and makes us your ideal choice for business funding solutions. FundKite offers several unique benefits to its partners, these include:

Here are the benefits of financing auto repair shops with FundKite:

Transparency is a Top Priority

Hidden fees can be extremely frustrating for businesses that seek funding. Moreover, these charges can add up, further demotivating business owners and affecting overall morale. With FundKite, you can rest assured that all of our charges are clearly outlined on the very first page of the revenue purchase agreement. Our representatives will take the time to guide you through every step of the process and all aspects of the contract so you know exactly what it entails. plan.

Bid Farewell to Qualification Hassles

Rigid and unidimensional criteria like credit scores often serve to limit several prospective business owners from receiving much-needed capital. FundKite, on the other hand, relies on a more real-world approach, considering several aspects such as projections, past performance, and overall sector indices when evaluating your funding application. Our oil and gas financing approach is unique and built to remain conscious of business needs.

Quick Funding for Tangible Growth

FundKite’s underwriters adopt an approach that does not rely on the arduous and bureaucratic methods of banks and other conventional financing entities. Instead, they deploy a rapid process that’s often completed within 24 hours. Quick processing and preliminary procedures make way for swift approvals and disbursement, ensuring that you needn’t wait for days and weeks to have the funds you need.

Business-friendly Financial Solutions

Following approval, our firm can offer businesses up to $2,000,000 in funding. FundKite realizes that oilfield and gas services firms provide irreplaceable services to the energy economy, and strives to provide them with access to capital. With timely and real-world financial services, you can rest assured about your business’s continued growth and prosperity.

Why You Need Financing for Your Oilfield Business

The oilfield services industry is witnessing a period of ever-increasing demand. While this is indicative of great potential, it also requires firms to step up to the occasion and support both extraction and supply chain requirements with their expertise in the field. From enhanced equipment and experienced consultants, oilfield service firms are also in constant need of uninterrupted capital. FundKite’s financing options can meet all of these requirements and more.

Here’s what you can do when you choose to partner with us:

Manage operational costs

Expand business networks

Procure specialized and heavy equipment

Invest in equipment insurance

Enhance marketing and customer outreach operations

Invest in employee training to improve service quality

Hire industry experts and specialists such as geologists, equipment operators, data managers, drilling engineers, and more

Pay staff salaries and structure better compensation plans

Accept larger and more lucrative contracts

Should be established and running for 6 months minimum

Should have a monthly revenue of $10k or more.

Should have records for at least four months of bank statements.

Things to Consider While Applying with FundKite

FundKite is on your side when you apply for our financial services. Here’s what you need to bear in mind when applying for our capital solutions:

Preliminary Requirements

A bank statement with at least 4 months of records

A minimum of one year in the oilfield services business

Minimum monthly revenue of at least $30,000

A comprehensive business plan covering all aspects of your operation

Important Application Steps

Submit a filled application and your business account’s bank statements

Take time to review and accept our offer

Submit your proof of business experience and business plan

Receive the approved funds in your bank account in 24 hours

Oil and gas financing can be the go-to financing option for businesses looking to stabilize their financial situation. Get in touch with us today to figure out what works best for your operation.

Fundkite is a game changing institution dedicated to helping small businesses reach their maximum potential.

Do I Need Any Collateral to Receive Funding from FundKite?

FundKite does not require you to put down any collateral when applying for auto repair shop funding.

What Documents Do I Need to Apply for Auto Repair Shop Financing from FundKite?

To get approved, we require proof that you have been in business for at least a year, with monthly revenue of at least $30,000, and a 4-month financial statement from your business bank account.

How Much Can I Get in Funding if My Application Is Approved?

FundKite provides up to $2,000,000 as auto repair shop financing after evaluating your eligibility and funding needs.

What Do I Need to Provide to See if I Qualify for Auto Repair Shop Financing from FundKite?

You need proof that you have been in business for at least a year, with monthly revenue of at least $30,000, and a 4-month financial statement from your business bank account to get approved for hotel funding.

How Long Are FundKite’s Financing Terms?

FundKite offers short-term lengths of as little as 220 business days. We also consider longer terms when required.

How Do I Know There Are No Hidden Charges When I Apply for Funding?

FundKite is transparent about its terms and conditions. The funding amount and fees are displayed on the Revenue Purchase Agreement. Our trained underwriters will thoroughly review the agreement with you to help you avoid any confusion.

How Soon Can I Expect the Funds to Be Released after I Am Approved?

If approved, you should receive the funds you need within 24 hours.

Can I Still Receive Auto Repair Shop Financing if My Business Has a Low Credit Score?

We take a comprehensive look at your business before approving your application. As long as you have a solid business framework and healthy financial statements, your low credit score should not affect your ability to receive funding.

How Do I Repay the Funding I Receive from FundKite?

Unlike traditional bank loans, we do not charge interest rates while providing auto repair shop financing. Instead, we collect a mutually agreed-upon percentage of your sales on a daily, weekly, or monthly basis.