Invoice factoring is the process of selling your receivables (invoices) to a factoring company to get access to cash that is normally tied up in your receivables. It’s a fast, simple and debt-free financing solution companies use to get immediate cash for their invoices, without waiting weeks or months for payments from their customers.
TCI Business Capital makes factoring easy. It’s based on your customer’s credit and payment history. With invoice factoring, also referred to as invoice financing or accounts-receivable factoring, a company sells their outstanding invoices for a cash advance. TCI Business Capital advances you the cash on your invoice the same day we receive it. While we wait for your customer payment, you now have cash for bills, payroll and more.
Companies using invoice factoring have a common need for steady, available cash. When a business waits 30, 60 or 90 days for payments, having cash on hand is a struggle. Factoring is a reliable source of cash for companies in need.
Since 1994, companies from a range of industries and variety of services have partnered with TCI Business Capital for factoring. Our industry knowledge and reputation for exceptional factoring services have made us a leader in the factoring industry. Our customers do a wide range of work in many different industries, including:
Because each company’s situation is different, TCI Business Capital’s factoring programs are tailored to fit the unique needs of each client. We work with clients in many different industries, so we can customize a factoring program to meet the specific needs of your company. It’s as simple as 1-2-3.
The initial step in securing a factoring line is to speak with a TCI Business Capital representative. We’ll discuss your cash situation and needs, and we’ll offer a free, no-obligation quote and approval for a factoring line. Our simple and straightforward underwriting guidelines allow most customers to receive written approvals in 15 minutes or less. All factoring approvals are customized for the specific needs of the client. We’ll work to make certain the factoring line meets your requirements.
Once a factoring 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 complete, 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.
TCI Business Capital provides factoring services to companies all across North America. Our customers choose us because they need to obtain sufficient financing to maintain and grow their businesses.
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