Financing for Oil & Gas Industry

20 years
of experience
active clients
funded annually

Meritus Funding Basics

Advance Rate

Advance rate is the percentage of the invoice value that the factoring company will advance to your business. For example, if the advance rate is 80%, and the invoice value is $100, the we will advance $80 to the you.

Discount Rate

Discount rate is the % fee charged by the factoring company. It is deducted from the advance when the invoice is purchased. If the invoice value is $100, advance is 90%, and the discount rate is 3%, your business will receive $87 today and $10 when the bill is collected.

Credit Protection

Credit protection may take the form of a guarantee by the factoring company to pay the business the full invoice value if the customer does not pay, or it may involve the factoring company taking steps to collect payment from the customer on behalf of the business.


Invoice dollar amount, e.g. $20,000 per month, that your business must sell to the factoring company to be eligible for the services. If the minimum is not met you will charged a fixed fee, which will be stated in your agreement.

Credit Analysis

Process of evaluating the creditworthiness of your customers. Credit analysis helps the factoring company determine the risk of non-payment by the customer and may be used to set the advance rate and discount rate for the invoice.

Payment Speed

Payment speed can differ depending on the payment method chosen by the customer. Wire payment is instant but usually comes with a fee about $30, whereas ACH transfer may take 1-2 business days but generally comes free of charge.

Meritus Difference

Fast Approvals

Apply online and get approved in one day

Personal Approach

Dedicated manager for every client

Flexible Terms

We'll work with you on your funding solution


Leave your contact info and our representative will reach out to you or simply call us at (877) 648-3709

Follow us on social media

or start application
Thank you! Your submission has been received!
Please enter name, email and phone.