Factoring to Solve Machine Shop Woes
Recent assaults on the oil & gas industry have made this portion of the energy landscape uncertain. Climate concerns, politics, government intervention and ineptitude and more make oil & gas companies, and the businesses that serve them, worry about the future. Local machine shops across Texas that serve the needs of the oil & gas industry could suffer – and some are already feeling the pinch.
Essential Machine Shop Services
The oil & gas industry relies on numerous facilities that often require maintenance and repairs. The complex processes used to extract crude oil from the ground and then convert it to usable fuels demand precise technology. All this requires machine parts, engines, piping and other machinery that must be kept in working condition.
On-site and in-house machining services are crucial to keeping these complex facilities on line and working. The larger the site, the more maintenance is required. But when productivity is slashed for any reason, the work slows and demands for new parts and repairs are reduced. This can cause a serious negative impact on local machine shops that serve these area facilities.
Factoring to Maintain Cash Flow Needs
Many machine shops operate on a slim margin, with little extra cash on hand. How do you meet regular financial obligations when your cash flow from invoices is irregular? Non-recourse factoring from JOBE Services, Inc. in Texas is an affordable and reliable method of keeping the cash flowing when you need it.
Factoring is simply selling us your outstanding invoices for payment now – then we collect your invoice payment from your client. We only charge a small fee that you know up front: we don’t do tricky hidden fees or long-term contracts. After all, our business is meant to help yours, not saddle it with extra burdens.
The ups and downs of the oil & gas industry will not level out anytime soon, so your local Texas machine shop needs a way to maintain cash flow when payments are slow and business is uneven. Factoring with JOBE Services, Inc. is available when you need it in a pinch, periodically on your schedule or as a regular part of your accounts receivables. You decide how to best use our services.
Contact us today to learn more about non-recourse factoring and how it can help your machine shop’s financial stability.