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Michigan
Factoring Company for Michigan Businesses

Michigan Factoring Company Programs

Why Do Businesses Choose Factoring Companies?

  • Michigan factoring company programs are an alternative financing option to business loans and business lines of credit.
  • Companies in a variety of stages choose to work with factoring companies because of the quick access to working capital.
  • Both start-ups and well-established companies in expansion and growth mode turn to factoring companies to fund their businesses.
  • Businesses that are experiencing financial hardships utilize factoring companies to obtain sufficient funds to meet operating costs. Those with slow-paying customers, tax liens, less-than-perfect credit, bank turn-downs or bank work-outs obtain funding for their businesses through accounts-receivable factoring.

Providing Working Capital to Companies Since 1994

Michigan Accounts-Receivable Financing Programs

Companies choose  Michigan invoice factoring and accounts-receivable financing  programs with TCI Business Capital to get working capital for their businesses. No matter what business stage they’re in, accounts-receivable factoring offers companies quick access to working capital.

Instead of waiting to get paid on your invoices, accounts-receivable factoring pays you on your invoices within 24 hours. TCI Business Capital provides you with a competitive advance on the invoice, same-day. While we wait the 30 to 90 days or more to get paid, you’ll have the capital to pay your employees, get caught up on bills and grow your business. Once your customer pays the invoice, we’ll provide you the remaining five percent minus a small fee.

Business Loans & Business Lines of Credit

Often  companies go to a bank to obtain a business loan or business line of credit. Some companies may have trouble getting approved or are maxed-out. Even if you’re approved, the wait can be lengthy to get your funding.

If you need access to quick cash, try an alternative financing solution to business loans and business lines of credit through accounts-receivable factoring.

Michigan Accounts-Receivable Financing For Many Industries

Michigan

Michigan, also known as “The Wolverine State,” is home to about 9.2 million residents. The biggest city is Detroit, which has more than 700,000 residents. Other major cities include the state capital Lansing, Grand Rapids, Warren, Sterling Heights and Ann Arbor.

invoice factoring michiganHistory

Michigan officially became a state on January 26, 1837. The name Michigan is the French form of the Ojibwa word mishigamaa which means “large water” or “large lake.” This fits the state well as it has four of the five Great Lakes including Michigan, Superior, Huron and Erie.

The state’s earliest industries included lumber, mining and agriculture. The agriculture in Michigan today is prominent in producing and harvesting milk, corn, soybeans, blueberries, cherries, grapes and apples. The state is also the third leading producer of Christmas trees.

In 1959, Barry Gordy founded Motown Record Company in Detroit. The recording company included several top artists including the Jackson 5, the Supremes, Stevie Wonder and many others.

Economy

Michigan-native Henry Ford, the founder of Ford Motor Company and one of the contributors to the assembly-line technique, shaped the state’s top industries and companies. Automotive is a dominant industry in the state with some large companies and major employers being General Motors and Ford.

Other top industries in the state include cereal production, IT and military equipment. The city of Battle Creek, Michigan is known as the “Cereal City.” Kellogg’s headquarters are located in Battle Creek, and C.W. Post made his first batch of Postum in a Battle Creek barn.

Culture

Michigan has a continental climate with it being warmer in the south and central areas of the state and colder in the northern part. Because of the diverse climate, the state has both indoor and outdoor destinations and recreational activities that both residents and tourists partake in. Some of these attractions include:

  • Detroit Zoo
  • The Henry Ford Museum
  • The Detroit Institute of Arts
  • Mackinac Island
  • Tulip Time Festival in Holland, Michigan
  • National Cherry Festival in Traverse City, Michigan

A major recreational activity for Michigan residents is hunting and fishing. Residents also enjoy watching sports teams in all major leagues including Detroit Tigers, Lions, Red Wings and Pistons. The Michigan State Spartans and Michigan Wolverines are among the most successful collegiate sports programs in the nation, and the University of Michigan football stadium, located in Ann Arbor, is the largest collegiate stadium in the world.

Companies in Detroit, Grand Rapids, Lansing, Troy and Others Use Factoring Companies to Grow Their Businesses. Call 800-707-4845 to Get Started.

Latest Michigan Updates

  • Novi, Michigan Trucking Company Received $150,000 in Invoice Factoring Financing
  • Rogers City, Michigan Trucking Company Funded $300,000 with an Accounts-Receivable Line
  • Owosso, Michigan Telecom Company Funded $100,000 with Invoice Factoring
  • Ann Arbor, Michigan Telecom Company Approved for $600,000 Michigan Accounts-Receivable Financing Line
  • Grand Rapids, Michigan IT Company Approved for $2.75 Million Michigan Invoice Factoring Line