If you’ve never worked with a factoring company or have had a bad experience with one, you may have some perceptions about them that aren’t accurate. We are here to help get the facts straight.
Companies with a wide range of credit scores work with factoring companies. It doesn’t matter if you have good credit or less-than-perfect credit, waiting for customer payment is stressful when you need to meet payroll and get caught up on bills. Factoring companies can eliminate this gap by paying you same-day on your invoices.
While some factoring companies have added fees for additional services, when you choose to factor with TCI Business Capital, there are no additional fees for our back-office support services. Some of these services include accounts-receivable management, collections, credit analysis, risk assessment and treasury.
Some factoring companies only fund those with smaller amounts of receivables, but not TCI Business Capital. We offer monthly volumes from $50,000 all the way up to $20 million.
Both start-ups and well-established companies use factoring companies to improve cash flow. No matter how long you’ve been in business, having a gap in your cash flow due to slow-paying customers makes it difficult to pay your employees, stay caught up on bills or invest in new resources. Factoring provides start-ups and well-established companies the working capital they need to meet business demands.
Many of our customers are currently in growth mode. They turn to factoring companies to maintain steady cash flow to invest in their business. Without factoring companies, they’re waiting 30, 60 or even 90 days for customer payments. Since we’re able to provide same-day cash, they have the funds to accept more contracts, hire more employees and buy more equipment.
TCI Business Capital has been providing accounts-receivable financing to thousands of U.S. and Canadian companies since 1994. We pride ourselves as being the number-one factoring company in North America. Our staff is known for their reliability, flexibility, industry expertise and award-winning customer service.
We fund companies in a variety of business stages and situations.
If you have other questions about factoring companies or how you can get started with TCI Business Capital, contact one of our financial experts today. 800-707-4845