Stop waiting for customer payment and get cash on our invoices same-day with our invoice factoring and accounts-receivable financing programs.
Accounts-receivable financing, also known as invoice factoring, is a fast funding solution companies use to get access to the cash that is normally tied up in their receivables.
TCI Business Capital is your top-choice among other factoring companies in Reno and Nevada because we can get you the cash your business needs in just three simple steps.
Once your customer pays the invoice at a later date, we’ll deposit the remaining amount into your account, minus our guaranteed-low factoring rate.
The quick setup and fast funding makes TCI Business Capital your top choice among factoring companies in Reno and the surrounding areas.
All of our Reno invoice factoring programs are custom to fit unique needs and situations. Even when other financial institutions are unable to provide funding, our flexible and custom solutions can work for you.
|Quick Cash||If you don’t have time to wait for funding from a business loan or line of credit, our Reno factoring company programs can provide you with the quick cash you need.|
|Slow-Paying Customers||If you’re waiting 30 days or more to get paid, speed up your cash flow and get paid same day with invoice factoring.|
|Expanding||If you’re passing new work because cash is tied up in your receivables, invoice factoring will pay you same-day.|
|Credit Issues||Whether your credit is maxed or less-than-perfect, our Reno accounts-receivable financing programs can still work for you. We look at the credit worthiness of your customers rather than yours to ensure you’ll get paid.|
|Start-Ups||It’s essential for start-ups to have enough capital to get the jobs done. We’ll get you paid same-day so you’ll be able to accept more contracts.|
|Tax Issues||Our custom solutions work for companies even with tax issues such as liens.|
|Bank Turndowns and Workouts||When the bank turns you down or takes away your funding, turn to our invoice factoring programs. Even when the bank says “no,” we say “yes.”|
|Chapter 11 Bankruptcy||Companies that have filed for Chapter 11 bankruptcy utilize our financing solution to get back on their feet.|
Since 1994, our Reno factoring company programs have provided a cash-flow solution to many different company types. Our team is knowledgeable in several industries including:
Located in northwestern Nevada near the border of California, Reno is the second most populated city in the state. Despite its size, Reno has the attractions of a major metropolitan city, which earned it the nickname, the “Biggest Little City in the World.”
During the California Gold Rush in the late 1840s and 1850s, the area of present-day Reno was a popular spot to cross the Truckee River. In 1859, silver was found in the foothills of nearby Virginia City, known as the Comstock Load. Considered one of the most important mining discoveries in American history, Comstock brought a significant amount of people to the area and led to new towns being developed practically overnight. Since the area of Reno was strategically located next to the Truckee River, it became a transportation hub for people coming to and leaving from the Comstock. In 1868, with the development of the Transcontinental Railroad, Reno was established as an official town and its population began to grow, as did its mining and agricultural industries. In the early 1900s, Reno became a popular divorce destination, because they had more relaxed divorce laws than any other city. It also picked up the nickname “Sin City,” because of its relaxed regulations on human behavior. When gambling became legal in Nevada during the Great Depression, Reno became the primary casino destination and was the birthplace of the Caesars Entertainment Corporation.
Although it was once known primarily for its gaming and entertainment, Reno’s gambling industry has declined in recent years. Since gambling has been legalized in more states and California has seen an increase in Indian Casinos, Reno’s gambling industry has a lot more competition than it used to. The fluctuations in the gaming industry led the city to start thinking about diversifying its economy. Although Reno’s economy is still heavily based on the service and trade sector (it employs about 65 percent of Reno’s labor force), it has been actively seeking out other industries. Two of the most promising industries for the future of Reno’s economy are manufacturing and technology.
Reno is in the process of becoming a major advanced manufacturing hub. In 2011, in an effort to diversify, Reno’s economic-development office began recruiting companies to relocate or expand there. Since then, they have recruited more than 100 different companies. One of the largest companies they recruited was Tesla, who is currently building a $5 billion battery factory, called the Tesla Gigafactory, just outside of the city. The Gigafactory is expected to reach full capacity by 2018 and will bring more than 20,000 jobs and $100 billion to the economy of Nevada over the next 20 years. Although there were many states in competition to become home to the new Gigafactory, a $1.3 billion tax break package that was created for them by the governor of Nevada helped the company decide on Reno. As part of this package, Tesla will not have to pay any property or payroll taxes for 10 years and they won’t have to pay any local sales or use taxes for 20 years. In addition, they will also receive a variety of tax credits. However, this package comes with some stipulations. First, half of the jobs in the factory, and in the construction of the factory, must go to Nevada residents. Additionally, if Tesla does not spend the agreed upon $3.5 billion in the state over the next 10 years, they will have to give some or all of the money back.
In addition to manufacturing, Reno has also attracted a large number of technology companies. Although headquartered in Las Vegas, Switch, a private company that develops and operates colocation data center facilities, recently began construction on a 6 million square foot SUPERNAP (a high-tech data facility) in Reno. Completion of the new SUPERNAP in Reno will make Nevada the most digitally connected state in the country and provide a “Superloop” between Los Angeles, San Francisco, Las Vegas and Reno. This “Superloop” will give Switch’s clients some of the fastest data processing available within its borders. When it is finished, the SUPERNAP will also be the largest data center in the world. Switch has more than 1,000 clients, including DreamWorks, eBay, Xerox, and Shutterfly. In addition, Apple has been developing a new data campus outside of Reno since 2012, which they call Project Mills. In early 2016, they filed a permit to expand their campus and add a second data center, dubbed Project Huckleberry. These two projects will provide countless jobs to the Reno area and attract many new residents as tech employees relocate to be close to the new facilities.