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Accounts-Receivable Financing
Debt-Free Financing Solution

Accounts-Receivable Financing

What is Accounts-Receivable Financing?

Accounts-receivable financing, also known as accounts-receivable factoring, is when businesses sell their invoices to a third party- known as a factoring company- in exchange for immediate cash. It’s a common form of financing that businesses use to improve cash flow and eliminate the wait on slow-paying customers, among many other reasons.

Companies in a wide variety of industries use TCI Business Capital as an accounts-receivable factoring company. We’ll customize a financing program to fit the needs of each of our clients. Whatever your industry or situation, accounts-receivable financing can work for you.

Benefits of Accounts-Receivable Financing

  • Immediate Cash Availability
  • Based on Customer’s Credit, Not Yours
  • Flexible Alternative to Traditional Financing
  • Custom Financing to Fit Your Needs
  • No Long-Term Contracts

How does accounts-receivable financing work?

  1. Perform your work or service as you always do.
  2. Send your customer invoices to TCI Business Capital.
  3. TCI Business Capital initiates a same-day advance on a percentage of your invoice total, directly into your bank account.
  4. TCI Business Capital handles the invoicing process with your customer and follows up to make sure payment is received.
  5. When your customer pays us 30 to 90 days later, we pay you the remaining balance on the invoice, less a small fee.

Choosing the Right Factoring Company

Every accounts-receivable financing company offers cash. What sets TCI Business Capital apart from the rest is our knowledge, experience and dedication to our customers.

TCI Business Capital works with clients across many industries, often with completely different billing requirements. We’re familiar with the work our clients perform, and our services meet the unique needs and situation of each and every client.

accounts-receivable financingWith TCI Business Capital:

  • Programs are customized to your needs;
  • Financing is contingent on your customers’ credit and payment history, not your own;
  • Lines are determined on your sales volume, not your company’s value; and
  • Programs can be used by companies in challenging financial situations.

Reliable cash flow and professional customer service are at the core of every financing program TCI Business Capital offers. These essential services are our promise to you:

  • Dedicated Relationship Manager
  • Same-Day Funding on Invoices
  • Electronic & EDI Invoicing Capability
  • 24/7 Online Reporting

Additional Accounts-Receivable Factoring Services

Businesses of all types and sizes rely on accounts-receivable financing because it provides the cash they need to operate. TCI Business Capital also offers a number of free, value-added services that enhance our clients’ operations.

  • Credit Analysis and Risk Assessment: You have a prospective customer, but do they pay their bills? TCI Business Capital offers credit histories and payment trends of potential customers, enabling our clients to take on new customers with confidence.
  • Treasury Services & Online Reporting: Cash when you need it is critical. TCI Business Capital funds clients via ACH deposit, wire transactions and will fund to third-party accounts by directive. We also offer online reporting to keep you informed of all transactions.
  • Collection Expertise: Running a business isn’t an easy task. Clients stay focused on the task when TCI Business Capital handles the late invoice situations. Expertise, resolve and diplomacy are trademarks of the TCI Business Capital collections team.
  • Fuel Cards & Discounts: TCI Business Capital clients can take advantage of fuel cards and discounts, potentially saving thousands of dollars a year.

These services from TCI Business Capital are part of the foundation of our clients’ success. Delivering top-quality service and supporting clients in their work is a TCI Business Capital value.

Setup for Accounts-Receivable Financing is as Easy as 1-2-3accounts-receivable financing

Step 1 – Get a Quote

Contact TCI Business Capital about our accounts-receivable financing programs. We’ll discuss your cash situation and needs, and offer a no-obligation quote and approval for a financing line. Our simple and straightforward underwriting guidelines allow most customers to receive written approvals in as little as 15 minutes. All approvals are customized for the specific needs of each client. We’ll work to make certain the line meets your requirements.

Step 2 – Submit Invoices and Related Documents

Once a financing line is agreed upon, we’ll schedule your first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the setup process, we’ll walk you through the agreement and discuss your invoices and any related materials.

Step 3 – Get Cash for Your Invoices

When the setup process is quickly completed, we fund you via ACH direct deposit or a wire transfer into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.

Who Uses Accounts-Receivable Financing?

Since 1994, TCI Business Capital has provided accounts-receivable financing to a variety of industries to assist with cash-flow needs. Our financing lines range from $50,000 to $20 million, allowing companies in almost any industry to get access to the working capital they need to maintain and grow their business.

staffing agenciesStaffing Agencies

In most cases, staffing agencies need to pay their employees weekly or bi-weekly. It can be difficult to make payroll and take on new contracts if you’re waiting around 15, 30 or sometimes even as few as seven days for customer payment. However, with accounts-receivable financing, you’ll get paid on the invoices right away, so you can pay your employees, take on more contracts and hire more talent.

heavy constructionHeavy Construction

From electrical contractors and heavy haulers to crane operators and equipment rentals, businesses in the heavy construction industry need working capital to meet their day-to-day operating costs. Relieve your cash-flow stress by utilizing accounts-receivable financing.

technologyTechnology

As the demand for new technology increases in virtually every industry, so does the demand for technology-related services. Whether you develop software, implement new systems, design websites or anything else in the technology world, getting paid in a timely manner is important. Most technology companies are waiting 30 to 60 days for payment, which holds them back from growing. Get cash for your invoices today and take part in the industry growth.

utility and pipelineUtility & Pipeline

Whether you’re doing trenching, boring, HDD, road construction or other pipeline work, it’s stressful to wait for customer payment when you need to pay your employees, bills and invest in new equipment and resources. Accounts-receivable financing can help take this stress away so that you can focus on your business rather than worrying about when you’ll get paid for the work you do.

oilfield financingOilfield Services

In the oil and gas industry, long waits for customer payments are common, which make it difficult to manage and operate your oilfield service company. With accounts-receivable financing, you’ll no longer wait as you’ll receive cash within 24 hours. This eases the stress of running your oilfield service company because you have the working capital you need to pay your employees and subcontractors and invest in your business. We also offer back-office support, including: accounts-receivable management, collections and credit analysis, as well as MSA and insurance compliance reviews.

trucking and freightTrucking & Freight

Trucking companies need to pay drivers, fuel their trucks and pay for repairs. Many also want to invest in their company by purchasing more trucks and hiring more drivers. With slow-paying customers, this can be difficult and stressful. Thanks to freight factoring services that provide funding within 24 hours, paying your employees and bills on time is no longer an issue. In addition, fuel cards and fuel-discount programs through our services make it even easier to manage your fuel expenses.

Renewable energyRenewable Energy

The renewable energy industry continues to grow and thrive. As the demand for clean energy and green energy increases, business and work opportunities for contractors grow as well. Our accounts-receivable factoring programs are an excellent option for companies in need of immediate cash in this industry.

government contractorsGovernment Contractors

Getting a contract with the government can help set your business up with growth opportunities. With that growth come new expenses and overhead. While the government entity will pay you, it may take longer than you can wait to maintain your business. Instead of waiting up to 90 days for payments, accounts-receivable financing can provide you with the cash you need while you grow your business with government contracts.

telecom and wirelessTelecom & Wireless

The wireless and telecom industry is growing at a rapid pace. To take advantage of the industry boom, wireless and telecom services companies need access to quick cash to maintain and grow their companies. Nearly all of the major carriers and many of their prime contractors have pushed out payment terms to 45 days or more. Instead of waiting, accounts-receivable financing provides you with the immediate working capital you need.

financing for other industriesMany More

Accounts-receivable financing has made its way into several other industries. If you’re waiting to get paid on your invoices and need access to working capital, we can help.