|By Marketwired .||
|October 17, 2012 10:11 AM EDT||
BURNSVILLE, MN -- (Marketwire) -- 10/17/12 -- TCI Oilfield Factoring, a leading provider of oilfield factoring services, is proud to announce the release of new Permian Basin factoring lines specifically designed for oilfield service companies working West Texas and Southeast New Mexico.
"We are excited to introduce our new Permian Basin oilfield factoring lines in conjunction with the Permian Basin International Oil Show in Midland, Texas," said Eric Schoch, Executive Vice President of TCI Business Capital. "The Permian Basin is booming; our customers in Texas and New Mexico are facing new challenges, especially with their cash flow. Thirty to ninety day pay terms are all too common today. With these long pay terms, it can be a struggle for oilfield service companies to meet their working capital needs. The new TCI Oilfield Factoring programs, 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 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.
For more information about TCI Oilfield Factoring, please visit, www.TCIOilfieldFactoring.com.
For additional information on TCI Business Capital please visit, www.TCIBizCap.com/about_us.html.
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