Daily News: June 12, 2013

Transfac Establishes Presence in North Dakota Oilfield

Transfac Capital announced the expansion of its presence into the Bakken oilfields. The newest addition to the Transfac Capital team is Curtis Roll, who has relocated to Williston, ND to open up a factoring branch dedicated to the oilfield industry.

“Curtis brings an aggressive approach to the marketing and awareness of our services in the Western North Dakota area. He has an understanding of these small business owners, and is able to build relationships quickly. Unlike other firms in the factoring industry who have no physical presence in the Bakken, we wanted to offer our services using a more personal, face to face approach. Having a member of our team that will drive out to your job site to learn more about what you do on a day to day basis is an added bonus to a lot of these businesses,” said Mike Schepper, marketing director.

In addition to factoring and accounts receivable financing, Transfac provides other value-added services such as accounts receivable management (ARM). With ARM, Transfac assumes responsibility for back office duties such as credit assessment, invoice creation and collection, thus freeing up the business owner to focus his valuable time on making money and expanding his business.

“I love that Transfac Capital is pursuing an aggressive marketing presence in the oilfield industry. Many small business owners in the region are growing so quickly that their back office infrastructure can’t keep pace. One of the main reasons I chose to work for Transfac is that, in addition to factoring, they provide accounts receivable management, something that rapidly growing businesses in the labor starved areas surrounding Williston, Minot, Dickinson and Bismarck desperately need,” said Curtis Roll.

Transfac Capital Oilfield factoring Services provides factoring services to multiple oilfield service companies including.