Accounts receivable financing, commonly known as invoice factoring, is a debt-free form of financing that many companies in Auburn and the surrounding areas use to fund their businesses.
When you choose TCI Business Capital for our Auburn accounts receivable financing programs, you are selecting the top choice among factoring companies in Auburn and in Alabama. We provide same-day funding, low rates, and competitive cash advances.
Business loans and lines of credit can take weeks, even months for approval, whereas our invoice factoring lines have a quick setup and a number of value-added benefits that set us apart from other forms of financing in the area.
Auburn Invoice Factoring Programs
Business Loans & Lines of Credit
|Eliminates cash-flow gap from slow-paying customers||Cash flow gap remains|
|No debt is created||Debt is created|
|Funding amount grows as your sales grow||Loan is maxed out and new sources of funding are needed|
|Free credit reports on your customers||No credit services|
|Quick approvals in as little as 15 minutes||Lengthy approval process|
|Same-day funding||Funding in 1-3 months|
Businesses choose TCI Business Capital over other factoring companies in Auburn because our programs are designed to fit the specific needs of each business. Our representatives are skilled at identifying which of our services will assist your business the most when it comes to cash flow and growth.
We have funded everything from start-ups to businesses that have been operating for decades. They all have one thing in common: a cash need.
Is your company waiting on slow-paying customers in order to make payroll, buy equipment, add employees or catch up on bills? If so, contact a representative at TCI Business Capital today to get approved for one of our invoice factoring programs.
For more than 20 years, TCI Business Capital has provided financing options to businesses in many industries. We have flexible programs and a deep understanding of each industry’s needs. Here are some of the industries we have worked with in our decades of experience:
|Trucking & Freight: hotshots, intermodal, flatbeds, refrigerated trucks and more||Oilfield Services: drilling, gravel haulers, frac sand haulers, pigging, hot oiling, water haulers and more|
|Telecom & Wireless: cell tower contractors, wireless contractors, fiber optic and more||Utility & Pipeline: pipeline contractors, utility locators, sewer maintenance, fabrication and more|
|Heavy Construction: welding, crane operations, HDD, excavation, boring and more||Technology: IT solutions, network administration, website design, software development and more|
|Renewable Energy: solar, wind, hydro, site preparation, site maintenance, site operations and more||Government Contractors: local, state, federal, security, defense, construction, technology and more|
|Staffing Agencies: temporary placements, medical, healthcare, administrative, clerical and more||
Many More: wholesale, manufacturing, distribution, janitorial, apparel, mining and more
Located 100 miles southwest of Atlanta, Auburn was recently voted one of the best small towns in the South by Southern Living. With a population of more than 62,000 people, Auburn is one of the fastest-growing metropolitan areas in the United States.
The area of present-day Auburn was originally a part of Creek territory until the Treaty of Cusseta in 1832, in which the Creek ceded all of their land east of the Mississippi River to the United States. One of the first European settlers, John J. Harper, founded Auburn in 1836, intending for it to become a center for religion and education in the region. The town’s name is said to have come from Oliver Goldsmith’s poem The Deserted Village, which begins, “Sweet Auburn, loveliest village of the plain.” Incorporated in 1839, Auburn was quickly on the road to becoming what John J. Harper had intended with the East Alabama Male College, the Auburn Masonic Female College, and the local primary school fully operational by the mid-1850s. Although he was a Methodist, John J. Harper gifted plots of land to many denominations in order for them to build churches and encourage religious practice in Auburn. At the beginning of the Civil War, many of the residents fled and the schools were closed. Auburn became the site of several war hospitals, including a hospital for Texas Confederate soldiers. Although the Civil War ended in 1865, Auburn went through an extended depression in its wake. The primary schools didn’t reopen until the mid-1870s and only one of the colleges reopened, the East Alabama Male College, but it had difficulty bringing in students and struggled financially. With help from the federal government, the East Alabama Male College thrived once again and later became Auburn University. Following World War II, Auburn’s population rose from less than 5,000 people in 1940 to more than 22,000 in 1970 and it didn’t stop there. Today, Auburn’s population is almost three times that amount.
Since its beginning as the East Alabama Male College in 1859, Auburn University has been the main economic driver for the city. As a result, the history of Auburn is very closely tied to the history of Auburn University. When the East Alabama Male College reopened following the Civil War, it was at a time when Auburn was in a deep depression. Initially, the college found it difficult to attract students and was forced to become a public land grant university in 1872 in order to receive benefits through the Morrill Act – a federal grant that was established to encourage the creation of agricultural schools. The school was renamed the Agricultural and Mechanical College of Alabama and it expanded its studies in scientific agriculture and engineering. Expanded studies, combined with the college’s acceptance of female students in 1892 – the first four-year school in the state to do so – led to a rapid increase in the city’s population. However, when the cotton industry collapsed during the Great Depression and the state could no longer fund the college, the city itself was deeply affected as its economy was largely dependent on the school. After World War II, Auburn’s economy and population increased rapidly, largely as a result of further expansions at the college, which was renamed Auburn University in 1960. Today, Auburn University has more than 28,000 students and offers 140 different majors. Still, the center of Auburn’s economy, the university’s economic impact goes beyond just Auburn, as a 2015 study found that it had a total economic impact of more than $5.1 billion in the state of Alabama and supplied 23,600 jobs statewide. A majority of those jobs are within Auburn, totaling almost one-quarter of the city’s total workforce.
Auburn University contributes to Auburn’s economy in many ways beyond education. In fact, sporting events at the university are a significant part of Auburn’s tourism industry – in particular the university’s football team, which has made Auburn one of Alabama’s sports capitals, bringing an average of 695,000 attendees to Jordan-Hare Stadium for home games each season. Additionally, the university has the largest library in the state and is recognized as one of the leading research institutions, with a specialization in advanced technologies.
In addition to education, manufacturing is an important sector for Auburn’s economy. The city has made significant investments in its industrial development over the past few decades and now features four industrial parks. Auburn’s manufacturing industry is primarily made up of small to medium-sized value-added technology-based companies. Some of the companies that call Auburn home include ACI Worldwide, Inc., GE Aviation, and Thermo Fisher Scientific, Inc., among many others.
Sports, and football in particular are a large part of Auburn’s culture. Auburn University’s football team, the Auburn Tigers, has been competing in intercollegiate football since 1892. The Auburn Tigers rank 12th for the most wins in the history of major college football and three of the team’s past players have gone on to win the Heisman Trophy. The team’s home games at Jordan-Hare Stadium are always sold out and tickets to the games are highly coveted. With a total capacity of 87,451, the stadium actually becomes the fifth largest city in Alabama on game days. The Auburn Tigers’ biggest rival is the University of Alabama’s Crimson Tide, against whom they play in the Iron Bowl each year.
Auburn is home to several institutions for the arts. Located on the Auburn University campus, Jule Collins Smith Museum of Fine Art is one of the leading art museums in Alabama. It has six changing galleries, which feature pieces from its permanent collection as well as traveling art exhibitions, and outdoor sculptures and landscaping. Admission to the museum is free, but a $5 donation is encouraged. In addition, Auburn University’s Telfair Peet Theater, part of the university’s theater school, hosts a variety of theater performances each year. For those looking for a more interactive art experience, the Jan Dempsey Community Arts Center offers art classes in a variety of mediums. It also hosts art exhibits, community theater productions, and musical performances.