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When your company is growing and expanding, you need a steady cash flow to invest in new equipment, resources and employees. With our finance solutions, your working capital grows as your company grows.
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.
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 and eliminate the wait from your slow-paying customers by getting paid on your invoices within 24 hours.
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.
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.”
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.
When a company has a tax lien, it’s nearly impossible to get funding from a bank. TCI offers creative finance solutions so that tax liens aren’t an issue when it comes to getting your company the cash it needs.
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. TCI works with a number of companies in work-out situations and provides them with the capital needed to maintain their business functions.
Being in a bankruptcy reorganization situation is tough for any type of company – especially when you’re not receiving the capital you need to get back on track. TCI is able to provide funding to companies in these situations, with the approval of the Court.
Minnesota 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.
Minnesota is commonly referred to as the “Land of 10,000 Lakes.” However, the state actually 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.
Founded in 1858, the name Minnesota is based on 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.
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.
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.
Minnesota has a variety of recreational activities and celebrations that both residents and tourists enjoy throughout the year.
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.
Tony Dobek, SVP and Business Development Officer, leads an expert team dedicated to helping Minnesota companies thrive by providing the cash flow these companies need. Call Tony today to learn how TCI can help your business.