Invoice factoring, also known as accounts-receivable financing, is a funding solution that helps speed up your cash flow by paying you same-day on your invoices.
The process works by selling your invoices to a factoring company in exchange for quick cash. When you choose to work with TCI Business Capital over other factoring companies, you’ll get funded same-day.
Other common funding methods are business loans and lines of credit. Our Dayton invoice factoring programs offer many advantages that loans and lines of credit do not.
Dayton Invoice Factoring Programs
Business Loans & Lines of Credit
|Quick, 15 minute approvals||Lengthy approval process|
|Qualify based on customers credit||Qualify based on the credit of your business|
|Same-day funding||Funding in 24 hours or less|
|Free credit reports on your customers||No credit services|
Many companies choose to work with TCI Business Capital over other factoring companies in Dayton and throughout Ohio because our programs are customized and flexible. We’re able to work with start-ups, growing companies and even those going through financial troubles such as bad credit, no credit or tax liens.
If you need to speed up your cash flow and eliminate the gap from slow-paying customers, our Dayton accounts-receivable financing lines are for you.
|Trucking & Freight: flatbeds, intermodal carriers, refrigerated trucks, tankers, specialty carriers and more||Oilfield Services: well site preparation, drilling contractors, logging and testing services, roustabouts, water haulers and more|
|Telecom & Wireless: tower construction, antenna maintenance, tower climbers, fiber-optic installation, outside plant services and more||Utility & Pipeline: pipeline construction, maintenance and rehabilitation, utility line work, sewer and water main construction and more|
|Renewable Energy: solar, wind, hydro, site preparation, site maintenance, construction and more||Government Contractors: federal, state, local, defense, security, technology, transportation, service and more|
|Staffing Agencies: administrative, clerical, IT-technology, industrial, medial and many more||Heavy Construction: bulk material handling, concrete contractors, construction management, crane and aerial operators, HDD and more|
|Technology: consultants, IT services, network administration, software development, IT solution provides and more||Many More: apparel, distribution, manufacturing, service, wholesale and more|
Located in western Ohio, Dayton is the sixth most populous city in the state. Dayton is the also the state’s hub for aviation and was once home to the bicycle shop where the Wright brothers developed the idea for the first airplane.
The foundation for Dayton was laid out in 1796 after a peace treaty with the Shawnee Indians opened western Ohio to white settlers. The town was named after Jonathan Dayton, a Revolutionary War veteran who owned land in the area and was one of the original settlers. Incorporated as a village in 1805, the city was sparsely populated until the completion of the Miami and Erie Canal in 1829, linking Dayton to Cincinnati. Dayton became an important hub for industrialization in the state, which increased once the railroad came to the region in the 1850s. The city was also home to a number of inventions and patents in the late 1800s. In addition to the Wright brothers’ airplane, some of the most significant inventions were the cash register, invented by James Ritty and John H. Patterson in the 1880s, and the automobile self-starter, invented by Charles F. Kettering. The city experienced a massive flood in 1913, which led to the creation of the Miami Conservancy District in order to protect the city from future flooding. During World War II, Dayton received a number of government defense contracts, which led to a successful defense industry that is still an important part of the city’s economy today.
Aerospace and defense represent a significant part of the economy of Dayton. Anchoring the industry is the city’s largest employer, Wright-Patterson Air Force Base, the largest and most diverse of the U.S. Air Force bases, which employs more than 27,000 people. The base is an important driver for the region’s economy, as its total economic impact in 2015 was $4.3 billion. Not only does the base contribute to the economy through jobs and local spending, but ongoing projects at the base also spur economic activity in other industries within the region. In December 2015, the Wright-Patterson Air Force Base announced its plans to build a new $6.6 million satellite pharmacy. This project will create jobs and activity for local construction companies and will bring military retirees to the region for their medical care. In addition, the base houses the Air Force Research Laboratory, which employs more than 10,000 people and has an annual R&D budget of approximately $4.4 billion. The Air Force Research Laboratory is a collaborative environment between the military, private industry, and academia and brings a number of visitors to the region each year.
The economy in the Dayton region is largely driven by its strategic industries, including aerospace systems, advanced materials and manufacturing, information technology and human science. These four industries have a large impact on the economy – more than $5 billion over a four county region. In some instances, these industries overlap and work towards a common goal. One example of this is the region’s focus on becoming a hub for the emerging unmanned aerial system (UAS) industry. UAS is expected to grow into a $94 billion industry by 2020 and Dayton’s well-established infrastructure puts the region in the position to be at the center of it. Dayton already has a number of initiatives in place across its strategic industries, which will make the city an advantageous choice for the UAS industry.
Healthcare is another important industry for Dayton’s economy. After the Wright-Patterson Air Force Base, the two largest employers in the city are in the healthcare industry, Premier Health Partners and Kettering Health Network. Dayton’s healthcare industry employs more than 34,000 people in the region and has an $8.1 billion economic impact. The healthcare industry is of such high importance to the region that it has a member organization called the Greater Dayton Area Hospital Association (GDAHA) to support it. Informally started in the 1930s as a way to give the area’s hospitals better purchasing power and control supply costs, the GDAHA has since grown into an organization of more than 29 hospitals and healthcare providers with a primary goal of providing quality healthcare through the collaboration of its members. In addition, collaboration within the organization promotes opportunities for innovation and allows for a better assessment of the medical needs of the community.