Invoice factoring, also referred to as accounts receivable financing, provides companies with fast cash that they need to maintain and grow their business.
Companies choose TCI Business Capital over other factoring companies in Cleveland because of our quick setup and fast cash-flow solution.
The process works in just three easy steps.
Step 1: Contact TCI Business Capital today about our Cleveland invoice factoring programs. Within as little as 15 minutes one of our financial experts will get you a quote and an approval.
Step 2: Once you’re quickly setup, send your invoices to TCI Business Capital.
Step 3: Get same-day cash on your invoices. That’s right. The day we receive your invoices, we’ll transfer a competitive advance into your account. You’ll have the cash you need to pay your bills, meet payroll and invest in new resources.
Once your customer pays the invoice, we’ll remit the remaining balance back to you, minus our low, guaranteed factoring rate.
Companies use our Cleveland accounts-receivable financing and invoice factoring programs because it gives them the quick cash they need. Our programs are flexible and our staff is reliable in getting you cash no matter what your business situation is.
|Are you expanding?||If your company is growing quicker than you’re getting paid, turn to invoice factoring. TCI Business Capital pays you the day you’re ready to invoice.|
|Is your credit maxed or less-than-perfect?||When it comes to credit, our Cleveland invoice factoring programs look at the credit of your customers rather than yours. We want to make sure you’ll get paid for the work you provide.|
|Are you waiting to get paid?||If you’re waiting 30 days or more for customer payment, invoice factoring is your perfect solution. It eliminates your cash-flow gap from slow-paying customers by paying you same day.|
|Are you a start-up company?||If all of your money is invested in opening up your doors and you need cash to complete the job, turn to invoice factoring.|
|Did the bank turn you down?||TCI Business Capital can provide you the cash you need even when the bank says “no.”|
|Did you file for Chapter 11 bankruptcy?||Get back to financial freedom with the help of TCI Business Capital and our debtor-in-possession financing programs.|
Our years of industry expertise is yet another reason why TCI Business Capital is your top-choice among other factoring companies in Cleveland.
Because of our flexibility and custom programs, we’re able to provide funding to almost any B2B industry. Here are just a few of the industries we’ve funded over the last 22-plus years.
Located in northwestern Ohio on Lake Erie, Cleveland is the second largest city in the state, next to the capital, Columbus. Cleveland is home to the largest overseas cargo port on Lake Erie, the Port of Cleveland, which handles about 14 million tons of cargo per year.
Cleveland was one of the first settlements in what was known as the Connecticut Western Reserve, an area of land in northwest Ohio that was owned by the state of Connecticut after the American Revolution. Cleveland was named after General Moses Cleaveland, a surveyor that was sent by the Connecticut Land Company to survey the area before it was settled. Cleaveland chose this area for the city because of its proximity to the Cuyahoga River. The name of the city was originally spelled Cleaveland, but the editor of an early newspaper, the Cleveland Advertiser, couldn’t fit the entire name in the masthead so he decided to remove the “a” and it has been spelled that way ever since. Although slow to start, the city experienced rapid growth after the creation of the Erie Canal and the introduction of the railroad. In fact, the population of Cleveland grew from 1,000 to 40,000 in a 40-year period. Currently, the population in the city is around 500,000, with four times that in the metropolitan area.
After a large decline and disinvestment in the city, Cleveland is in the process of being re-invented. A major catalyst to this turnaround was the 2014 announcement that the RNC was going to be held in Cleveland in 2016. As a result of the expected visitors to the city, Cleveland saw a significant increase in investments and construction projects were sped up. Major investments were made in the public space, including bike paths and parks. In addition, new hotels were created, infrastructure was improved and multiple new housing developments began. In anticipation for the RNC, AT&T also made a $350 million investment to improve their network in the area. Although many of the improvements were made for the RNC, most are permanent and have incited new growth for Cleveland.
Cleveland’s economy was traditionally highly dependent on the manufacturing sector. After a decline in the industry over the past decade, the manufacturing sector is gaining strength. In fact, manufacturing exports in the northwest region of Ohio have increased 25 percent in the past few years. Steel is one of the most important commodities for manufacturing, as it is used to produce a wide variety of products for the automotive industry. The main manufacturing sectors that contribute to Cleveland’s economy are automotive parts, plastic products and machine shops. The companies that have seen the most growth are primarily high-tech manufacturers, including electronic components, medical devices and 3D printing. One such company Parker Hannifin, a global leader in motion and control technologies, is headquartered in Cleveland. Parker Hannifin makes a wide range of products including those for aerospace, climate control, and hydraulics, among many others. Additionally, 16 internationally recognized companies have either started or increased their operations in the area, including Nestle USA, Six C Fabrications, and Pepperidge Farm.
Another significant industry for Cleveland’s economy is the medical and health care industry. In fact, with over 60 hospitals, Cleveland is one of the leading medical centers in the world. One of the most well-known hospitals in Cleveland is Cleveland Clinic, which was recently rated as one of the nation’s best hospitals by US News & World Report. It is also the largest employer in the city. Cleveland Clinic’s heart care facilities ranked number one for the 19th consecutive year. Additionally, they have 14 other specialties that rank in the top ten in the United States. The Cleveland region also has more than 700 biotechnology and biomedical companies, including the Cleveland HeartLab, a high tech lab that has advanced biomarking technology to help identify cardiovascular disease.
Tourism is also an important part of Cleveland’s economy. Visitors come to Cleveland to visit the museums, including the Rock and Roll Hall of Fame and Museum and the Cleveland Museum of Art. Cleveland’s sports also draw a large amount of tourists, including their NBA team the Cleveland Cavaliers. Additionally, NASA has a research facility in Cleveland called the Glenn Research Center, which is open for tours and exhibits.