About Timberwater Funding Group: Stark County, ND Requests Handled From Dickinson, ND

An oilfield service company is paid by the operator that ordered the work, on the terms of its contract with that operator, once a field ticket has turned into an approved invoice. The well site, the crew and the equipment all belong to the service company; the check belongs to someone else's calendar.

So a working capital call to Timberwater starts with who owes the money. A funding partner sizing a payroll gap can weigh the operator's payment record and the age of the open invoices, not only the service company's own bank balance. Having the operator's name, the invoice dates and the payment terms at hand keeps that part of the conversation short.

A crew's wages go out on payday whether or not the operator has paid. Across Stark County, ND, the 71 establishments in Mining, Quarrying, and Oil and Gas Extraction reported $198,221,000 of annual payroll in 2023 (County Business Patterns, NAICS 21), a sector that holds the oil and gas field service companies.

The same question carries over to a contractor waiting on a general contractor's draw, or a parts supplier that sells on account to other businesses. Whoever pays the invoice shapes the request.

The examples on this site come from four groups of Stark County, ND businesses, each with its own kind of purchase. Figures are County Business Patterns counts of establishments with paid employees.

• Service yards: field service companies with workover rigs, frac tanks, hot-oil units and the crews that run them. Their examples deal with used equipment and with wages that come due before an operator pays.
• Builders: Construction, a sector that covers heavy and civil work as well as the specialty trades, held 139 employer establishments in the county in 2023 (NAICS 23). Skid steers, work trucks and progress-billing gaps carry the construction examples.
• Shops: a Retail Trade count of 165 employer establishments in 2023 (NAICS 44-45) sits behind the shop examples, which walk through display cases, card terminals and large stock orders.
• Kitchens: Accommodation and Food Services, a code that also holds hotels, numbered 103 establishments in 2023 (NAICS 72). Walk-in coolers, ranges, fryers and dish machines fill the kitchen examples.

Auto and diesel repair shops, chiropractic and therapy offices, and gas stations with convenience stores turn up in examples too. For a station, the examples stay with store equipment and the business itself.

Take a service company pricing a used frac tank from one seller and a second service truck from another. This is how that request moves.

1. The call to (701) 402-5867 opens with the equipment: what each piece is, its year and condition, who is selling it and the price on each quote.
2. Next comes the business: how long it has operated, a rough annual revenue figure and the operators it invoices.
3. The owner and the office match the purchase to a product. Quoted, titled equipment points to equipment financing; a crew payroll gap that arrives with it points to working capital.
4. From there, the file reaches funding partners that handle equipment of that kind. A partner may call the owner, ask for the quotes, bank statements or tax returns, and look at what the tank and truck are worth.
5. Any offer comes from a partner and sets the amount, rate, term, down payment and collateral. The owner reads it, compares it and decides; signing is the only step that commits the business.

The how-it-works page follows the same path for a line of credit and a working capital request, with the records each one can call for.

A retail request can have two halves that belong with different products. Picture a home-goods shop that wants new glass display cases and a tap-to-pay card terminal, and also has to place a large stock order with a supplier.

The cases and the terminal are equipment with a quote and a price, so they sit with equipment financing. The stock order is inventory that sells down over the weeks that follow, which is the job of inventory financing or a line of credit. On the call, the owner can give the two amounts separately, with the supplier's payment terms.

A partner reviewing that request can look at the quotes, the supplier invoice, bank statements that show card-sales deposits, and how long similar stock took to sell before. Changes to the building itself count as property work, which this site leaves aside.

Timberwater Funding Group's office is at 113 1st St W, Dickinson, ND 58601, and its phone line is (701) 402-5867. The contact page has a map of the office; since no office hours are posted on this site, a call before any visit makes sense.

There is no second office. An owner in Belfield, ND, Richardton, ND, South Heart, ND, Gladstone, ND or Taylor, ND, all in Stark County, ND, or in New England, ND in Hettinger County, ND, uses the same phone line and the same request form as a business in Dickinson, ND.