BURNSVILLE, Minn., July 8, 2014 (GLOBE NEWSWIRE) -- via PRWEB - TCI Business Capital, the nation's leading provider of oilfield supply chain finance services, is presenting their entire line of supply chain finance programs at the South Texas Oilfield Expo July 9th and 10th at the Henry B. Gonzalez Convention Center in San Antonio, Texas.
The South Texas Oilfield Expo is expected to draw thousands of oil and gas service professionals from central plays like the Eagle Ford in South Texas, the Permian Basin of West Texas, and the Granite Wash play in the Texas Panhandle. And according to Eric Schoch EVP TCI, TCI Business Capital is excited to be right in the middle of the action at booth 929.
"We're looking forward to the South Texas Oilfield Expo, and we're excited to share our supply chain finance solutions at the South Texas Oilfield Expo, said Eric Schoch EVP TCI Business Capital. "TCI Representative Greg DeBenedetto will be available at TCI Business Capital at booth 929 to answer any questions."
Eric Schoch EVP TCI said, "We've seen a huge demand for our supply chain finance services in Texas' oil-and-gas rich Eagle Ford, Permian Basin and Granite Wash plays. And, as oil exploration continues to grow through new technology, our customers in Texas, Oklahoma, Arkansas and Louisiana are facing many new challenges, especially on the side of cash flow."
Eric Schoch EVP TCI explained that TCI's supply chain finance services can be a lifeline for small to midsize oilfield and gas service companies, particularly when the work is plentiful and access to working capital inhibits company growth.
"In a booming market, oilfield service companies need enough cash flow to grow rapidly. Since 30- to 90-day pay terms are common, it's difficult for oilfield service companies to meet their working capital needs. At TCI Business Capital, our oilfield supply chain finance lines address those financing challenges by maximizing cash flow, and by reducing the accounts receivable turn through increased efficiency in the billing process," said Eric Schoch EVP TCI.
"We've built a reputation for being the oilfield supply chain finance experts," said Eric Schoch EVP TCI Business Capital. "With oilfield supply chain finance relationships spanning 20-plus years, we take great pride in the growth and successes that our clients have enjoyed with the improved cash flow that TCI provides."
"TCI Business Capital offers supply chain finance services to a wide range of oilfield service providers and suppliers working in Texas, Oklahoma, Arkansas and Louisiana including: oilfield trucking, well servicing, pipeline, pad and road construction companies, rental and supply companies, disposal sites and more," said Eric Schoch EVP TCI.
"If you plan on visiting the South Texas Oilfield Expo, please stop by and visit TCI Business Capital at booth 929," said Eric Schoch EVP TCI.
About TCI Business Capital
Founded in 1994, TCI Business Capital is a privately held, financial services company headquartered in the Minneapolis/St. Paul suburb of Burnsville, MN. TCI Business Capital provides a full range of business supply chain finance services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. TCI Business Capital assists oilfield service and supply providers throughout North America. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.
Contact information and media inquiries should be directed to:
Glen Herrig
Director of Marketing
TCI Business Capital
Gherrig(at)tcibizcap(dot)com
http://www.tcibizcap.com
800-707-4845
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