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Aurora
Tailored Financing Solutions

Aurora Factoring Companies

Businesses Want Straightforward Financing

When you are looking for the best financing option for your company, look no further than our Aurora invoice factoring lines. Invoice factoring, which is also referred to as accounts-receivable financing, is a straightforward form of financing that businesses use to take control of their cash flow.

The process is simple. You send your invoices to a factoring company, such as TCI Business Capital, and we provide you a same-day advance on your invoice total, and also take care of sending your invoices to your customer for payment. When your customer pays 30 to 90 days later, we provide the remainder, less our competitive factoring discount. Another bonus of working with us is that we can get you set up in a matter of a few days.

Aurora factoring companies

When businesses choose to work with a bank, the approval process alone can take months. With a business loan or line of credit, you have nowhere near as much flexibility as with our Aurora accounts-receivable financing programs, because at TCI Business Capital, we grow as your business grows. Contact us today by clicking the link or filling out the form on this page to see why we are the best among factoring companies in Aurora and Illinois.

Experts in Your Industry

Since 1994, TCI Business Capital has partnered with companies across North American to provide a financing solution tailored to their needs. Our experienced account representatives take time to understand you and your company. What’s more: there is a good chance that we have already worked with your customer, ensuring that we know what they require and can assist you in streamlining your invoicing process. Take a look at some of the industries we have worked in throughout the years:

Trucking & Freight Oilfield Services Heavy Construction
Distribution Government Contractors Staffing Agencies
Utility & Pipeline Renewable Energy Telecom & Wireless

Build a Partnership to Strengthen Your Company

At TCI Business Capital, we believe in building a strong relationship with our clients. When you call TCI Business Capital, you speak with a live person. Because we understand your needs and concerns, we have partnered with businesses that have diverse needs and backgrounds. Do you feel that you cannot get the financing you need? Take a look at the profiles of companies we have helped grow and succeed. You might find yours:

  • Waiting to get paid
  • Fast cash needed for company growth
  • Maxed-out lines of credit
  • Start-up company
  • Bank turn downs
  • Less-than-perfect credit
  • Tax liens
  • Bank workout situations
  • Bankruptcy filings

Aurora, Illinois

Aurora is a city in the state of Illinois that spans across four counties: Will, Kane, Dupage and Kendall. It has an area of 45.80 square miles, with greater portions in Kane and DuPage Counties. According to the 2010 census, the population of Aurora was 197,899, making it Illinois’ second largest city. Aurora is a lovely city with charming landscape. It has edged out the competition in many aspects. It was one of the first cities in the United States that installed electric lights in all their streets. This is why it is officially nicknamed the City of Lights.

History of Aurora

Downtown Aurora is located on the shores of Fox River, and was initially the village of an American Indian tribe before the European settlers came in. The U.S. Government purchased the Native American village and the entire area where Aurora is situated, including the Big Woods, through a treaty with Chief Waubonsie. The area was kept as an Indian Reservation; however, in 1834 after the Black Hawk War, the McCarty Brothers acquired the lands. They established a settlement called McCarty Mills. They cut and sold wood for building and for exportation. Three years later the settlement was renamed Aurora, and a post office was established.

At the time, there were only two villages in Aurora: East and West Aurora. McCarty’s settlement was located in East Aurora, while West Aurora was occupied by the Lake Brothers, who had purchased that side of the river from the McCartys. Unfortunately, the relationship between the two villages was marred by rivalries. To this day, the rivalry surfaces during the football games between the high schools of either side of the city. Nonetheless, the towns merged in 1857 to be incorporated as a single city. Public buildings were built on Stolp Island, an island in Fox River, because of lack of agreement between the villages on where these building should be erected. Stolp Island belonged to Joseph Stolp, who received it as a gift from his uncle, W. Frederick Stolp, in 1848 after purchasing for $12.72.

Joseph Stolp contributed immensely in the development of the city. He established the Stolp Woolen Mill Dye House on the Island. The First YMCA of the city was built on land he donated. He built a three-story building in 1866 in the city, and also founded the First National Bank of Aurora. Businesses began to flourish in Aurora. For example, Chicago, Burlington and Quincy Railroad sited its roundhouse and locomotive shop in the city, and this establishment provided the greatest job opportunities in Aurora until the 1960s. Job seekers from different parts of Europe, including Italy, France, Great Britain, Scandinavia, Ireland, Germany, France and Luxembourg sought jobs in Aurora, resulting in significant increase in the city’s population.

Before the American Civil War, Aurora strongly opposed abolitionism and opened its doors for Mexican immigrants after the 1910 Mexican Revolution. But it paid dearly for its generosity, especially during the 1970s closures of railroad shops. Industries and factories in the city were affected; many of them closed down while others relocated to a more favorable location. This resulted in high rate of unemployment. Crime rates rose, especially during the middle of 1980s.

However, the city has overcome this problem, and remains a culturally diverse city.

Economy

The city was home to primarily heavy industries. Even though a significant portion of these industries have either left the city or closed down, heavy industry still contributes to the local economy today. There are over 150 manufacturers in the city, according to Fox Valley Industrial Association. Caterpillar, a well-known manufacturer of construction equipment and automobiles, has a production plant in the city. Additional production plants in the city make steel products, construction machinery, tools, protective coatings, office and retail shelving and electronics. Another industry that also drives the city’s economy is the warehouse and distribution industry. There are a lot of warehouses and distribution centers in the city, making it a popular distribution center for industrial gases, dry goods, auto parts and construction machinery.

Education has become a major employer in the city. There are a number of institutions of higher learning, including Aurora University. The Aurora Public Library employs close to 200.

There are other industries that make considerable contribution to Aurora’s economy, such as construction, retail trade, finance and insurance, property, rental and leasing and healthcare.

Active Living

Aurora factoring companies

Aurora is well known for its aquatic programs, including comprehensive swimming lessons for all ages and a number of aquatics centers.

Aurora has sport and recreational facilities in abundance. Thus, residents and visitors who want to maintain an active lifestyle will always have an opportunity to do so. Several recreational facilities in the city offer residents the opportunity to blend sport activities with fun, and cater to a broad range of age groups. There are accessible swimming opportunities in Aurora, because it provides comprehensive swim programs for all ages. A complete range of aquatic programs such as leisure swims, aqua fitness classes, pool party venues and leadership courses are offered in its venues, such as Dupage Swimming Center, Blackberry and Splash Country. Aquatics and swim lessons are offered at Vaughn Aquatic Center as well, which is located in Fox Valley Park District.

Art and Culture

This is a lively city. Given its ethnic diversity, it has rich cultural and art heritage. Aurora maintains its small-town charm while showcasing its big-city amenities. Art enthusiasts have a lot of places to visit in the City of Light. Art galleries, sites of cultural and historic importance, museums with awe-inspiring artwork and exhibitions, outdoor and indoor theaters and shopping complexes are bountiful. Among the popular museums in the city are G.A.R Museum, SciTech Museum, David L. Pierce Art and History Center and Aurora Regional Fire Museum.

Dining and nightlife

Aurora has rich culinary tradition, reflective of its cultural and ethnic diversity. The city’s rich cuisine makes it a mecca for foodies. There are plenty of restaurants and bars that serve well-prepared local cuisine and continental dishes. Some of the popular eating establishments in the city are Pie Boss, Pomegranate Restaurant, Chef Amaury’s Epicurean Affair and River’s Edge Cafe. As typical of university towns, it has bars and nightclubs where you can dance and have fun. Luxie Club, DeKing’s Tavern, McBride’s North, Saddle Up Saloon & Dance Hall are just few places that offer nighttime fun.

 

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