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.
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.
With TCI Business Capital:
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:
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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.
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.
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.