Factoring Companies
Cash for Bills, Payroll & More with North America’s Number-One Receivable Factoring Company
While there are many factoring companies to choose from, TCI Business Capital is proud to be recognized as North America’s number-one choice.
Since 1994, we’ve provided cash to businesses across the United States and Canada through our invoice factoring services. Instead of waiting 30, 60 or even 90 days for customer payment, get paid on your invoices today. TCI Business Capital offers same-day advances and competitive factoring rates.
Contact us today and get approved in just 15 minutes.
Why Use Factoring Companies?
Companies in a variety of business stages use invoice factoring to meet their cash-flow needs. TCI Business Capital has more than 20 years of experience providing sufficient and steady cash flow to companies in a variety of situations. Our flexibility, experience and get-it-done culture allow us to help almost any business.
We Fund:
- Companies in expansion and growth mode.
- Companies with maxed-out lines of credit.
- Industries with slow-paying customers.
- Start-ups looking for funds to operate and grow their new business.
- Bank turn-downs
- Companies with less-than-perfect credit.
- Companies with tax lien issues.
- Bank workouts.
- Companies working through a bankruptcy reorganization.
Benefits of Factoring with TCI Business Capital
Quick Approvals
When you need cash to fund your business, you don’t have time for a lengthy approval process. TCI Business Capital can approve customers within 15 minutes with minimal paperwork to get started.
Fast Funding
Customers receive same-day cash on their invoices, which eliminates the cash-flow gap.
Competitive Rates & Same-Day Advances
TCI Business Capital is known for its competitive rates and same-day advances. Once your invoice is purchased, we provide a cash advance of the invoice amount within 24 hours or less.
Growth Opportunities
Your company can grow with TCI Business Capital. We offer accounts-receivable factoring lines ranging from $50,000 up to $20 million. As your receivables grow, so will your factoring line.
Customer Service
TCI Business Capital is known for its customer service. Our team is here to help you with your business needs and answer any questions you may have regarding your funding. Each of our clients has a dedicated relationship manager to ensure the highest level of customer service at all times.
Online Reporting
Clients have access to online reporting through our secure system, 24 hours a day, seven days a week. Live updates provide the status of each invoice at any given time.
Industry Experience
Since 1994, TCI has provided financing solutions to companies all across North America in a variety of industries. TCI Business Capital is your partner in growing your business.
| Staffing Agencies | Heavy Construction | Technology |
| Utility & Pipeline | Oilfield Services | Trucking & Freight |
| Renewable Energy | Government Contractors | Telecom & Wireless |
| Many More |
Accounts-Receivable Management
We can aid with your accounts-receivable management by providing integration with billing software, image archiving and payment postings.
Credit Analysis & Risk Assessment
Make sure that you are doing work for creditworthy customers. TCI Business Capital checks the credit of your potential customers to ensure that you will get paid for the work you provide.
Collections
A dedicated team of collectors ensures that your invoices are paid in a timely manner. They’re trained to anticipate problems before they occur. If an issue does occur, our collectors will handle it professionally to make sure you get paid for the work you do and keep the relationship with your customers strong.
About Factoring Companies
With thousands of factoring companies throughout the United States and Canada, it may seem overwhelming to select the best factoring company for your business.
Factoring companies categorize themselves as specialists or generalists. Specialists typically factor invoices for a specific industry, whereas generalists providing financing to companies in a wide variety of industries.
Factoring companies also categorize themselves as either recourse or nonrecourse factors. Most factoring companies are recourse factors. This means they have the right to sell an invoice back to you if payment is not made by your customer within the amount of time stated on the contract. Conversely, nonrecourse factoring companies take on the financial risks of collecting on invoices. However, with nonrecourse factoring companies, rates are generally much higher and fine print on the contract may exclude many of your invoices from being nonrecourse.
Although there are different types of factoring companies, the basic process is typically the same. Once you choose a receivable factoring company, you’ll send your invoices to them. The factoring company purchases your receivables and advances a percentage of your invoice total. The remaining percent is kept in a reserve. Once the customer pays the invoice, the remaining balance is remitted to you, less a factoring fee.
Providing Factoring Services to Companies across North America
TCI Business Capital has helped thousands of companies with their cash flow throughout the United States and Canada.
| Alberta | British Columbia | Manitoba |
| New Brunswick | Newfoundland & Labrador | Northwest Territories |
| Nova Scotia | Nunavut | Ontario |
| Prince Edward Island | Quebec | Saskatchewan |
| Yukon |