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Cedar Rapids
Financing through Invoice Factoring

Factoring Companies in Cedar Rapids

Invoice Factoring for Simple Financing

Invoice factoring, which is commonly referred to as accounts-receivable financing, is your simple business financing solution. Instead of a long process for getting a bank loan or line of credit, our Cedar Rapids invoice factoring programs can be set up in three simple steps. Here’s how we do it:

  1. Get an approval in as little as 15 minutes.
  2. After you are set up, send us your invoices.
  3. Receive same-day funding on the invoices.

factoring companies in cedar rapids

It is really that simple for you to receive the funding you need. With over two decades of experience, we have refined our set up to be smooth and seamless. Give us the opportunity to show you why we are the top choice among factoring companies in Cedar Rapids.

Reasons Factoring Works for You

Our Cedar Rapids accounts-receivable financing programs are customized to meet the needs of your business. We know that every company is different. At TCI Business Capital, we partner with you to meet your company’s goals and help you to succeed. Here are some of the reasons companies choose to partner with us so they can meet those goals.

Slow-Paying Customers If you’re waiting 30-90 days for customer payment and need immediate cash, our invoice factoring programs alleviate the stress of waiting for payment.
Expanding Companies that are expanding quicker than cash is coming in use factoring to fund the growth.
Credit If your credit is maxed, less than perfect or you don’t have much history because you’re a start-up, we can work with you.
Tax Problems We can be flexible with our financing, and can assist you with financing while paying tax liens.
Bankruptcy Even if you’ve filed for bankruptcy, we can fund you through DIP financing.

Serving Many Industries

Through our simple financing lines, we are able to assist businesses in many industries with their cash flow needs. Through our professional collectors and our knowledgeable credit department, we assist our clients in bringing on new customers that have the ability to pay them, and help you to build a strong relationship through our professionalism.

Take a look at some of the industries that TCI Business Capital has expertise in:

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

Cedar Rapids, Iowa

factoring companies in Cedar Rapids

Cedar Rapids is on the Cedar River. It’s a local commerce hub because of its location and proximity to other cities.

Cedar Rapids is one of the largest cities in Iowa, covering an area of approximately 72 square miles. Situated on the banks of the Cedar River, this island city is home to more than 125,000 people and is the administrative seat of Linn County. It also enjoys a strategic location that makes a booming multi-modal transport system possible. Furthermore, its proximity to large urban areas like Des Moines and Iowa City make it a key center for commerce, entertainment and recreation in the region.

The city is divided into four quadrants, each with its own distinct layout, topography and addressing systems. Cedar Rapids also has at least 12 neighborhoods. They are a melting pot of diverse cultures. A great example of this is the Czech Village, which houses numerous landmarks of the city’s cultural heritage and has thus become one of the most notable tourist attractions in Cedar Rapids. This, coupled with a pleasant climate, miles of beaches and a plethora of National Historic Places has worked to make the city one of the top tourist destinations in the region.

Apart from that, Cedar Rapids has also evolved into a prosperous hub for employment and entrepreneurship. It draws in a multitude of commuters from surrounding areas like Hiawatha and Marion. This economic strength has also spurred the development of nearby towns like Ely, Palo, Fairfax and Robin, which have grown to become bedroom communities for the workers of Cedar Rapids.

History

The Native American tribes of the Sac and the Fox were the first to set up nomadic settlements along the Cedar River, which was a good area for hunting and trapping. However, the 18th century saw the arrival of European settlers in the region. In 1838, Osgood Shepherd was the first to arrive and settle in the area permanently. This led to the establishment of the town of Columbus in the same year.

In 1841, the bustling town of Columbus was resurveyed and renamed to Cedar Rapids by N.B. Brown and a few of his associates. They chose this new name for the rapids of the Cedar River, which flowed through the town. The river itself was mainly known for the numerous red cedar trees that grew along its banks. During this same period, a dam was constructed across the river to generate power for the town’s flourishing lumber and grist industries. Because of the resultant economic and population booms, Cedar Rapids was incorporated as a city in 1849.

Cedar Rapids’ economic prosperity was spurred on by the arrival of T.M. Sinclair in 1871. This is because he went on to set up one of the largest meatpacking companies in America, the T.M. Sinclair Company. The late 1800s also brought on a significant industrial boom to Cedar Rapids, marked by the establishment of national giants like Quaker Oats and Cherry-Burrell. This period of prosperity stimulated the development of a vibrant cultural sector. Numerous institutions dedicated to education and the arts were formed at this time, including Greene’s Opera House and Cedar Rapids Business College.

In 1919, the decision to move the county seat from Marion to Cedar Rapids was endorsed by popular vote. This led to a period of booming construction activity that saw government institutions like the Memorial Building and county courthouse built in this island city.

Economy

Private enterprise has always been the driver of Cedar Rapids’ economic development and continued to be a key principle throughout the early half of the 20th century. Today, the city has evolved into a major national center for transportation and telecommunication. For instance, Cedar Rapids’ “Technology Corridor” is now one of the largest suppliers for the defense electronics industry in America.

The city is also one of the largest corn processing centers in the world. The sector also plays a major role in this city’s economy and provides employment for more than 12,000 people. Cedar Rapids is also home to numerous Fortune 500 companies like Rockwell Collins, CRST and Aegon. Other large corporations like Cargill, Archer Daniels Midland, Nordstrom and Toyota Financial Services have offices here.

Culture and Recreation

Cedar Rapids has a long history of diverse arts and culture and has developed a reputation as a hub for the arts, sports, theater and recreation. Lovingly called the “City of Five Seasons” by residents and visitors, it has branded itself as a serene and easygoing place that provides a quality of life good enough to allow you to enjoy a fifth season: the community. Symbols of this fifth season are peppered throughout the city, especially as sculptures along the northern banks of Cedar River.

The city is home to numerous cultural and historic sites. These include Brucemore, the Cedar Rapids Museum of Art, the National Czech & Slovak Museum & Library, Paramount Theatre and Orchestra Iowa, among many more. Venues in Cedar Rapids consistently host world-class and award winning exhibitions that draw in millions of tourists every year.

Furthermore, Cedar Rapids also offers an extensive system of green urban spaces for sports and recreational use. The city has designated more than 3,300 acres of green spaces for recreational use, distributed among over 74 parks and recreational facilities. These include all-weather sports fields, golf courses, sand volleyball courts, picnicking spots and even a few off-leash dog parks. Children also have the run of entertainment centers like Camp Wapsie and the Old MacDonald’s Farm. Furthermore, Cedar Rapids also has approximately 24 miles of walking, jogging and biking trails.

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