Nearly 30% of U.S. oil rigs are drilling in Texas – May 2013.

Thousands of small and mid-sized oilfield services companies are growing because of the oil and gas boom currently taking place in Texas. Oilfield drilling companies, oilfield services and supply companies, material suppliers, caterers, land clearing companies, trucking and logistics companies are all finding their place in the Eagle Ford Shale, Cline Shale, Barnett Shale, Woodforest Shale, and Haynesville-Boosier Shale plays.

In 2013 $61 billion in economic activity occured in the Eagle Ford Shale Play alone. Experts are cautiously predicting that the Cline Shale area may be 3-4 times the size of the Eagle Ford Shale.

In late May 2013, Sam Thacker wrote a column for AllBusiness.com titled Texas Oil and Gas: Changing the U.S. and State Economy. It is a great summary of what is happening in the Texas oilfield. Remember our company finances 2nd and third teir oilfield services companies. We use multiple types of financing to help us help oilfield services companies.

Give us a call at 512.990.8756 for more information.

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If you are considering using an invoice factoring company, please read these four columns that Sam wrote for AllBusiness.com.

• Five Tips to Avoid Unscrupulous Factoring Companies
• Using Factoring / ABL lenders – Borrowers Beware
• Finance Horror Stories Increase as More Companies Turn to Factoring
• Reading and Understanding Legal Agreements

All give good advice to companies seeking invoice factoring.

We have been helping small and mid-sized businesses enter into strong factoring relationships for nearly 20 years. We only work with good strong reputable factoring companies. Give us a call. There is no cost to the borrower for using our services to find the best invoice factoring fit available to your company. 1-855-220-8585.

The post Unscrupulous Invoice Factoring Companies – How to Avoid Them appeared first on Business Finance Solutions.

Click on the link below to read the full article:

Source: http://experts.allbusiness.com/small-specialized-asset-based-lenders-find-their-niche/1591/#.UVjFUJOZWHt

The post Small Asset-based Lenders Part 1 of 2 appeared first on Business Finance Solutions.

My Advice: Don’t bother with ”Mega” banks. They just aren’t loaning to small businesses that aren’t insanely profitable and cash heavy.

Commercial leasing companies want two years of good operating history before they will consider an equipment lease.

Commercial finance companies like factoring companies are hungry and are working with clients. Their price has been driven down by the market.

Small asset-based lenders are popping up that will finance your accounts receivable and inventory but not at any real discount to factoring companies.

Here is the presentation from Slide Share:

The post Borrowing Outlook for Small Business Owners for 2013 appeared first on Business Finance Solutions.

This jovial yet pointed article still has valid commentary on the needs of small businesses. Sam jabs at the Obama administration and outlines how he would help small business owners with SBA loan programs, jobs creation, stimuli to domestic manufacturing, and other incentives that would be meaningful and accessible to American businesses.  Surprisingly, the needs of small business owners have not changed much since 2009 and this article still adds value to the conversation on how to jump start the American economy and foster the growth of small businesses in the United States.

I hope you enjoy this article:
If I was President for the Day . . . by Sam Thacker

Click on the link below to read the full article:

Source: http://www.allbusiness.com/government/government-support-business-small-assistance/13594544-1.html#axzz2KowhO6yS

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The Uniform Commercial Code (UCC) is a series of uniform regulations designed to streamline commerce between businesses across all 50 states and various territories of the U.S. Most business owners don’t know what they need to in order to protect their business.  This article describes how UCC filings are used.

Click on the link below to read the full article:   What Every Small Business Owner Should Know About UCC Filings

Source: http://www.allbusiness.com/technology/software-services-applications-markup/10828824-1.html#ixzz2KoueRTUm

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Eagle Ford Shale covers 23 counties in South Texas

The Eagle Ford Shale play in South Texas covers a span of 23 counties of San Antonio. Discovered in 2008, the area has already produced staggering volumes of oil, and liquid gas. There are very large untapped resources of dry gas that is not yet economical to extract.

Here are some statistics that about the economic boom in the area:

• In less than 3 years the region has grown from zero output to over 700,000 barrels per day of oil or equivalent liquid gases.
• Gonzales, Dewit, and Karnes counties account for 50% of all liquid gas produced during the last year and are expected to greatly increase in 2013.
• Across the lower 48 U.S. states, 27% of all money spent on oil and gas exploration and completion will be spent in the Eagle Ford Shale area of Texas.

Small and mid-sized service and materials providers will grow exponentially in the area and continue to thrive…if they can access capital for growth.

Business Finance Solutions has become a leading provider in working capital and equipment financing solutions in the Eagle Ford Shale are of Texas.

We have a wide range of equipment financing sources ready to finance equipment of all sizes and numerous working capital finance companies ready to finance purchase orders, raw materials, ocean freight, finished goods materials, and accounts receivables.

Whether you are importing Barite to make drilling mud, proppants or fracking sand, or feeding large crews of workers we have a finance solution for you.

We are an honest broker of financing services. In most cases we are paid by the commercial finance company that finances your purchase orders, equipment, inventory, and accounts receivable.

Call us today!

Call one of our finance experts today at 1-855-220-8585 or fill out our contact form to learn more about our services and financing plans!

The post Gonzales, Dewit, and Karnes Counties of Texas to Benefit from $28 Billion in 2013 appeared first on Business Finance Solutions.

2013 Winter Fishing Season Underway

The 2013 Alaskan Pacific Cod Season looks to be a mixed bag. Fisheries look promising but product price is down.

If you are a United States based frozen fish or seafood processor, importer, or exporter of frozen Cod or other seafood
and need working capital to get started for the season, Business Finance Solutions can help you.

We have the following financing available on short notice:

• Asset-based loans with frozen fish inventory, accounts receivable and inventory as collateral;
• Equipment loans and leases for frozen fish processing equipment;
• Loans made against processing equipment or vessels that have no other lender with first lien rights;
• Ocean freight financing for U.S. and foreign delivery;
• Accounts receivable financing for qualified U.S. frozen fish buyers.

Click image to download details of our program
For more information call us @ 512-990-8756
or complete our contact form

The post Alaskan Cod Fishing Season – Processor Financing Available appeared first on Business Finance Solutions.

One of the most profitable decisions your company can make in 2012 is to buy and put a piece of equipment or software into place before December 31, 2012.

Why, because for the last two years Congress has instructed the IRS to allow very large one year depreciation of equipment and software. In most cases the amount you deduct will exceed your cash outlay for a year as long as you use a qualifying equipment finance agreement or lease.

December 31, 2012 is the last day to claim significant tax incentives to buy equipment for your business.

These incentives affect oil field equipment service companies, food manufactures, medical and dental offices and other companies that have significant capital equipment on their books.

Software purchased and installed in 2012 will also qualify for the large accelerated depreciation.

We have a list of the kind of equipment and software that we have had a great deal of success with, on our equipment finance page. Recently we have begun financing equipment used in the Eagle Ford Shale area of Texas.

There are a number of tax changes that will take place on December 31, 2012.

Most of these incentives were put into place as a part of the Obama stimulus plan several years ago.

The first tax incentive set to expire relates to the IRS section 179 accelerated depreciation program. On December 31, 2012 it will drop from $560,000 to $25,000. This is a big incentive for manufactures to buy (or lease with $1 buyout options) as long as the equipment is placed into service before December 31, 2012

There is a second “bonus” depreciation that companies that have put equipment or software into service in 2012 can take. You will be able to take an additional 50% bonus depreciation on the adjusted basis of qualifying equipment or software.

These two tax incentives have been on the books for several years, yet many companies have not been able to take advantage of them. If your company is growing and you anticipate needing additional equipment or software, make sure you buy it and put it into service before December 31, 2012.

If you have questions, please feel free to call Business Finance Solutions at 512.990.8756.

The post Equipment Finance appeared first on Business Finance Solutions.

Non-traditional lenders, like purchase order financing companies, asset-based lenders, equipment suppliers, and subordinated debt lenders, want to put their money to work and in our current economic situation, there are no industries growing as fast as the hydraulic fracturing industry and oil / gas exploration in general.

When companies come to me for financing, they know pretty closely how much financing they need but often they are surprised at how I put the financing package together.

I spent much of the past two weeks putting together a financing program for a company that distributes hydraulic fracturing chemicals and materials.

Instead of one financing source, I recommended that various assets the client wanted to finance be handled in different ways. In my 18 years of banking or being a financial intermediary I have used this technique effectively. Separating the financing in various pieces saves the client a great deal of money in equity they may have had to give up. It also reduces the real and contingent risks associated with the financing. It also makes the various financing “modules” scalable which is important to companies growing exponentially.

I have set up a significant number of international irrevocable letters of credit. In this case, my letter of credit (LOC) provider was excited about being able to provide the international financing piece I needed. My LOC provider is financing many companies that are importing materials and equipment into the Eagle Ford Shale and other North American shale plays.

I was able to begin setting up the main form of financing for the company’s greatly expanding A/R and Inventory with a strong nationally known asset based lender. They have extensive experience financing hydraulic fracturing material suppliers in the Marcellus Shale play in Pennsylvania and who is eager to begin financing companies providing materials and services in the Eagle Ford Shale play.

I easily found an equipment financing vendor who is prepared to finance the fork lifts and racking to store inventory in a location convenient to both the Eagle Ford Shale play and also the Permian Basin Shale play.

Very fast growing companies often don’t realize that segregating the assets they wish to finance will give them flexibility to continue exponential growth over a long period of time. I am an expert in arranging this type of financing for fast growing companies. If your company needs working capital for growth, equipment financing, international irrevocable letters or credit, or even real estate financing, I am happy to discuss with you how I would structure your financing needs.

Sam Thacker is the President of BFS-USA Group LLC based in Austin Texas.
Email: sam@bfs-usa.com
Direct: 512-990-8756
LinkedIn Profile

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