Invoice factoring provides consistent cash flow by selling your open receivables (invoices) to a third party known as a factoring company. Instead of waiting weeks or months for customer payment, invoice factoring provides immediate cash on open invoices. The increased cash flow is used to keep up with business demands such as bills, payroll, new resources, and growth.
Outside of the increased cash flow, invoice factoring offers many benefits to businesses when they choose it as a financing option.
Some of the benefits of invoice factoring with TCI Business Capital include:
Businesses that invoice other businesses on net terms can quickly and easily qualify for invoice factoring.
First, instead of looking at your credit and financial history, we look at your customers’ financials and payment history. Companies that don’t qualify for a bank loan or line of credit because of no credit, less-than-perfect credit, or maxed-out credit can easily qualify for factoring.
With TCI Business Capital, you need an average of at least $50,000 in monthly invoices to qualify for our programs. Our factoring lines go up to $20 million per month, giving you plenty of room to grow. Factoring is an ideal financing solution for both start-up companies and those that are expanding as it gives them the working capital they need to grow.
Some of the industries we serve include oilfield service companies, trucking fleets, staffing agencies, telecom contractors, and many other service-related industries.
To apply for a custom factoring program fill out the form below or give us a call at 800-707-4845. In as little as 15 minutes, we’ll get you approved for a custom program to meet your business demands.