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With Shale Oil Exploration Expected to Boom, Factores de negocio & Finance Primes for Growth in Oil & Factoring de gas

Oil and Gas Funding Needed to Support the Sustained Development of Shale Oil and Gas Drilling, Procurement, and Transportation

Los Angeles, CA — February 13, 2014 — Business Factors & Financiar, an alternative commercial financing company providing factorización de cuentas por cobrar, factorización de facturas, and oil and gas funding to small and medium-sized businesses, is preparing for the expected rise in services demand due to the surge in shale oil and gas exploration starting in 2014.

Utica Shale Oil and Gas Financing

Specifically, the much talked about Utica Shale project in eastern Ohio now has more than one thousand permits for drilling and exploration. Financing oil and gas projects of this magnitude and complexity isn’t cheap.

Oil and gas financing, as well as manufacturing and freight factoring, already makes up a large portion of Business Factor & Finance’s business. It recently provided a $1 million line of credit for an oil field services company based outside McAllen, Texas and a line of credit for $250,000 for an Alberta, Canada-based company that hauls water to these shale oil fields. Such water transportation trucks and pumps are essential to the hydraulic fracking process.

As shale oil and gas exploration continues to expand, so will the need for oil and gas funding. Such oil and gas project financing often requires a large, up-front investment. Corporate banks are often unable to meet the financing needs of such projects in the required timeline. That’s why many companies turn to factoring. Factores de negocio & Finance has a track record of meeting the turnaround time & monetary requirements of this demanding industry, and as a result expects to secure even more oil and gas financing contracts in 2014.

“It was announced by CNN Money in October that the U.S. is expected to produce more than 11 million barrels a day of oil and natural gas liquids for 2014, outpacing Russia and all other non-OPEC nations,” says Robert Bernfeld, President of Business Factors & Financiar. “Specifically, the much talked about Utica Shale project in eastern Ohio now has more than one thousand permits for drilling and exploration. Financing oil and gas projects of this magnitude and complexity isn’t cheap. Al factores de negocio & Financiar, we have the expertise and financial depth to provide such oil and gas loans.”

Acerca de: Leveraging a customer-focused philosophy with more than 40 years of experience, BusinessFactors.com is the premier factoring financial services company. It provides I and small business financing to diverse industries, such as energy, transportation, freight, dotación de personal, agriculture and so much more. Factores de negocio & Finance has the financial capital and backing to support both dramatic and sustainable growth to secure a business’s future success.

See original press release distributed on PRWeb.com.

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Sobre el Autor:

Robert Bernfeld se inició en el sector financiero comercial en 1974. Sus primeros años incluyen posiciones con Aetna crédito del negocio y el Grupo Foothill. Durante los próximos treinta y cinco años. Señor. Bernfeld establece tanto el arrendamiento de equipos y cuentas por cobrar empresas de factoraje. Se asoció en la fundación de facilitadores comerciales, Cía. en 1999. Sr. Bernfeld se graduó de la Universidad de California, Riverside en 1974 y recibió el grado de Doctor en Jurisprudencia de la Facultad de Derecho de la Universidad de Loyola en 1977.

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