Factoring is a financial transaction and a type of debtor finance in which a business sells its accounts receivable to a third party or the "factor" at a discount. A business will sometimes factor its receivable assets to meet its present and immediate cash needs to meet payroll, buy equipment and help facilitate growth to continue providing superior service to their clients.
Navarone Capital is a privately funded company located in Midland, Texas. We specialize in Accounts Receivable financing or "factoring" providing cash flow Solutions and helping to facilitate growth. Focused in the Oil and Gas Sector in the Permian Basin, we are locally owned and operated and our team has 100+ years experience in oil and gas and over 50 years experience in banking/finance.
We use proven finance strategies designed to meet your needs and make your business run smooth. We take the best practices from the banking industry as well as stand alone factoring companies and combine them to deliver the best factoring experience for your business.
The management team is committed to serving the oil and gas industry which the team has been a part of for years in many different facets from exploration and production to running service companies. Providing Service to but not limited to:
Frac Sand Haulers