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Minnesota
Factoring - Your Alternative Financing Option to Business Loans

Your Top Choice Among Minnesota Factoring Companies

How Can My Company Benefit from Invoice Factoring and Accounts Receivable Financing Programs?

There are many benefits in choosing TCI Business Capital as your Minnesota factoring company including:

  • No application or setup fees.
  • Quick, 15 minute approvals.
  • Same-day funds are direct-deposited to your bank account.
  • You choose which accounts to factor.
  • Unlike business loans and business lines of credit, there are no limits. Your access to working capital grows as your business grows.
  • Full back-office support including a dedicated relationship manager, AR specialists to ensure collection of invoices, and a complete treasury department.
  • Live, online reporting available 24 hours a day, seven days a week.
  • Experienced, knowledgeable service from one of the leading factoring companies in North America.

Get Approved for Factoring Today

Why Types of Companies Benefit from Minnesota Accounts Receivable Factoring Programs?

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

Why Do Companies Finance with Invoice Factoring?

Minnesota factoring company, minnesota accounts-receivable factoring, turn invoices into same-day cashExpansion & Growth

When your company is growing and expanding, you need a steady cash flow to invest in new equipment, resources, and employees. With our invoice factoring programs, your working capital grows as your company grows.

Maxed-Out Lines of Credit

The bank sets a credit limit for your company, and once you hit that max, it’s hard to obtain more to fund your business. Companies with maxed-out lines of credit work with TCI Business Capital over other Minnesota factoring companies because we don’t limit your growth. The more business you do, the more capital we provide you.

Slow-Paying Customers

It’s difficult to budget your cash when you have slow-paying customers and the uncertainty of not knowing when you will get paid. Work with TCI Business Capital and eliminate the wait from your slow-paying customers by getting paid on your invoices within 24 hours.

Startups

It can be challenging for start-ups to obtain a business loan or line of credit. Even if they do, many times the credit limit isn’t large enough to meet daily operational needs. With accounts receivable factoring, the amount of capital is in direct correlation with the business your company is doing.

Bank Turn-Downs

When the bank says “no,” we say “yes.” Even if you’ve been turned down by a bank, there is still a finance solution for you. Accounts receivable factoring gives you the working capital you need – even when the bank says “no.”

Less-Than-Perfect Credit

If you have less-than-perfect credit and the bank won’t provide you with a sufficient amount of working capital, our Minnesota accounts receivable factoring programs are your solution. We look at the credit of your customers rather than your credit.

Tax Liens

When a company has a tax lien, it’s nearly impossible to get funding from a bank. TCI Business Capital offers creative finance solutions so that tax liens aren’t an issue when it comes to getting your company the cash it needs.

Bank Workouts

Banks pull away from companies if they see the risk getting too high. When this happens, your company doesn’t have access to the capital it had previously. We work with many companies in work-out situations and provide them with the capital needed to maintain their business functions.

Bankruptcy

Being in a bankruptcy reorganization situation is tough for any company – especially when you’re not receiving the capital you need to get back on track. TCI Business Capital can provide funding to companies in these situations, with the approval of the Court.

We funded Minnesota companies in cities including:

 Burnsville Eden Prairie Edina
 Duluth Hastings Minneapolis
 St. Cloud St. Paul Rochester 

Latest Minnesota Updates

  • Edina, Minnesota Staffing Agency Funded $14 Million with a Minnesota Invoice Factoring Line
  • Bemidji, Minnesota Oilfield Service Company Approved for $75,000 Accounts Receivable Financing Line
  • Burnsville, Minnesota Service Provider Funded $375,000 with a Minnesota Invoice Factoring Line
  • St. Cloud, Minnesota Trucking Company Funded $150,000 with Accounts Receivable Factoring
  • Hastings, Minnesota Telecom Company Funded $550,000 with Accounts Receivable Financing

Minnesota

TCI Business Capital, your top choice among Minnesota factoring companiesMinnesota is home to almost 5.5 million residents. The two largest cities, known as the Twin Cities, are Minneapolis and St. Paul. St. Paul is the state capital, but Minneapolis is larger in population by more than 100,000 people. Rochester, Duluth, and Bloomington are among some other major cities in the state. Eden Prairie is a close suburb to the Twin Cities that is also well known.

Minnesota is commonly referred to as the “Land of 10,000 Lakes.” However, the state has closer to 12,000 lakes. Some of the larger lakes include Red Lake, Mille Lacs Lake, Leech Lake, Lake Winnibigoshish, Lake Vermillion, and Lake Minnetonka. The Minnesota River and Mississippi River also flow through the state. Fishing is a common recreational activity with lakes and rivers being predominant throughout.

Located in the Midwest region of the United States and boarding Canada, Minnesota has a prevalent four-seasoned climate with cold winters and hot summers. The state has three main zones including wooded lake regions, prairie lands, and transition zones. This allows a healthy wildlife population of black bear, moose, gophers, and timber wolves. Outside of Alaska, Minnesota holds the largest population of timber wolves in the United States. The state is also home to a large number of birds, including the state bird, the common loon.

History

Founded in 1858, Minnesota is named after the Dakota-Sioux Indian word “mnisota” which means “sky-tinted water.” They used this term when referring to the Minnesota River. Its early industries were logging and farming.

Economy

UnitedHealth, Target, CHS, 3M, and General Mills are just a few of the Fortune 500 companies that call Minnesota their home. Some of the top employers in the state include recognizable names such as the Mayo Clinic, Target, and Alina Health System.

TCI Business Capital is proud to have its headquarters located in Burnsville, Minnesota.

The economy is rich in natural resources, with 75 percent of the nation’s iron ore coming from Minnesota. The state also has several factories which produce items such as nonelectrical machinery, fabricated metals, flour-mill products, plastics, and more. Minnesota farms rank high in yields of corn, wheat, rye, alfalfa, and sugar beets. The city of Minneapolis acts as the trade center for the Midwest.

Education

Minnesota has 200 colleges and universities. The Twin Cities University of Minnesota campus is the fourth-largest American campus by enrollment size. Other prominent universities include Minnesota State University, Mankato, St. Cloud State University, and the University of St. Thomas.

Culture

TCI Business Capital, your top choice among Minnesota factoring companiesMinnesota has a variety of recreational activities and celebrations that both residents and tourists enjoy throughout the year.

  • Amusement Parks & Zoos: Como Zoo, Minnesota Zoo, and Valley Fair
  • Celebrations: Festival of Nations, Grand Old Days, Minnesota Renaissance Festival, and Minnesota State Fair
  • Museums: Minneapolis Institute of Arts, Science Museum of Minnesota, Walker Art Center, and Weisman Art Museum
  • Performing Arts & Entertainment: Orchestra Hall, Ordway Center, Orpheum Theatre, and Target Field
  • Professional Sports: Minnesota Lynx (WNBA), Minnesota Timberwolves (NBA), Minnesota Twins (MLB), Minnesota Vikings (NFL), Minnesota Wild (NHL), Minnesota United FC (MLS), and the St. Paul Saints (American Association)
  • Other Attractions: Canterbury Park, Lake Calhoun, Mall of America, Minneapolis Sculpture Garden, and Minnesota Landscape Arboretum

Some familiar names native to the state include Bob Dylan, Francis Scott Fitzgerald, Garrison Keillor, Sinclair Lewis, Jesse Ventura, Judy Garland, Charles Shulz, John Madden, Prince, and Winona Ryder.

Grow your Business with Creative Finance Solutions like our Minnesota Accounts Receivable Financing Programs. Call 952-656-3400 to Find Out More.