Invoice factoring, which is also referred to as accounts-receivable financing, is a fast funding solution companies use to eliminate the cash-flow gap from slow-paying customers.
When you choose to work with TCI Business Capital over other factoring companies in Newport News and Virginia, you’ll receive top-rated customer service, low factoring rates, same-day cash and free back-office support.
While some companies may choose to turn to a bank for a business loan or line of credit, it may not always be an available or quick option if your business is in need of fast cash. Here are a few differences between our Newport News invoice factoring programs and business loans and lines of credit.
Loans & Lines of Credit
|Approvals in as little as 15 minutes||Lengthy approval process|
|Same-day funding||Funding can take 1-3 months|
|Eliminates cash-flow gap||Cash-flow gap is still present|
|Free credit checks on your customers||No credit services|
|No added debt||Debt is created|
Many companies choose our Newport News accounts-receivable financing programs as they’re customized to fit the individual needs of each business. No matter if you’re a start-up company, or are expanding rapidly, we can help. Our monthly programs range from $50,000 to $20 million, giving you plenty of room to grow.
Even if you’re going through financial troubles, such as maxed-out credit, bad credit or bankruptcy, we can help eliminate your cash-flow gap from slow-paying customers. We help ensure your customers will pay by making it a priority to check and monitor their credit.
Since 1994, we’ve been the top choice among factoring companies in Newport News and throughout the United States because of the industry expertise our team of financial professionals hold. Our professional account representatives know the invoicing process for many industries and will help you get funded same day. Here are just a few of the industries that we have experience in:
|Trucking & Freight: flatbeds, vans, hots shots, refrigerated trucks, intermodal, heavy hauling and many more||Telecom & Wireless: cell tower contractors, wireless contractors, fiber optic installation and many more|
|Oilfield Services: drilling, frac sand hauling, water haulers, roustabouts, gravel haulers and many more||Heavy Construction: crane operators, welding, HDD, excavating, grading, equipment rental and many more|
|Government Contractors: local, state, federal, construction, security, defense and many more||Utility & Pipeline: utility locators, pipeline construction, pipeline maintenance, sewer maintenance and many more|
|Technology: security, IT solutions, network administration, website design, software development and many more||Renewable Energy: wind, water, solar, site preparation, site operations, contractors, construction and many more|
|Staffing Agencies: temporary, healthcare, medial, administrative, clerical, general labor and many more||Other Industries: welding, janitorial, wholesale, distribution, manufacturing, printing and many more|
Newport News is located on the southeastern end of the Virginian Peninsula, and is part of Hampton Roads metropolitan area. The city is on the border of the Atlantic Ocean, which makes it a great tourist destination. The total area covered by the city is 120 square miles.
The city was conquered by English settlers in the early 1600s, and eventually restored after the Civil War with the help of Collis P. Huntington. Later, the city developed several railroads for the transport of coal, shipbuilding materials and warship business.
The city was founded in 1896. Prior to settling on the name Newport News, it has had several different names, including: Warwick River Shire, Warwik Country, Warwick City and Elizabeth Cittie.
The people of this region have developed a Tidewater accent rather than the usual southern accent. The prolong pronunciation of vowels gives the accent a unique sound.
In September 2005, the Ferguson Center for the Arts opened on the campus of Christopher Newport University. The center contains three concert halls: the Concert Hall, the Music and Theater Hall and the Studio Theater.
The city’s newspaper is called the Daily Press. Hampton Business Journal is the leading magazine of the city.
The 2010 Census showed the total number of residents in the city was 180,719. The city is an establishment of various races & ethnicities, including: Caucasians, who accounts for almost half of population, and African Americans, who account for about 40 percent. Other races include Native Americans, Cubans, Dominicans and several others.
The average income of Newport News residents is about $31,000 annually for males and $22,000 for females.
The city is located in the subtropical region of the world. Its summers are mostly wet due to the hot and humid climate. The winters are mostly cool and chilly. The average temperate might fluctuate 1 to 2 degrees Fahrenheit from other areas of the southern states. The average snowfall is 5.8 inches throughout the year. The tornado and hurricane occurrence is 23 percent less than the overall United States average.
The city has an active healthcare system for its residents. There are two major hospitals in the city: Riverside Medical Center and Mary Immaculate Hospital. The two hospitals have provided unconditional and acute care since 1918. The surgeries, medicine, osteoporosis care, CVS disorders, transplants and pediatric care are all provided in these hospitals. People here have a healthy diet index of about 48 percent, while the BMI is around 29.2. The overall health percentage of the city is at 55.4 percent, compared to 56.5 percent for the state of Virginia.
The education in this city is of quality standard. All the grade, elementary and high schools have been accredited. Woodside High School and Warwick High School are among the pioneers of education. They have been torchbearers in teaching students about technology, science, medicine, space, mathematics and research. Libraries in the city include Newport News Library System, with over 380,000 books, audio records, video samples and various databases on a broad spectrum of topics and interests.
Newport News has one public university, Christopher Newport University and one community college, Thomas Nelson Community College. Other nearby universities include Norfolk State University, Hampton University, Old Dominion University and others.
The city’s economy is supported by the skills of its workers in the fields of shipbuilding, aerospace and military. The city flourished as an industrial embankment ever since. It has provided the root of its success through the bridge over the James River. Thomas Jefferson National Accelerator Facility has housed several scientists and students that have led to distinctive discoveries and improvements in the fields of nuclear technology.
There are several places to visit whenever you travel to this beautiful city. Here are a few places that will mesmerize you and allow the positive vibes of the city to surround you:
The Mariner’s Museum:
If you are an adventurer and artifact lover, this is the place to go. It has a 5-mile hiking track located on the 550 acres that the museum covers. The museum has been decorated with 35,000 maritime artifacts and includes the USS Monitor Center.
Virginia Living Museum:
The museum offers natural views to the visitors. You can see the sunset from the observatory tower. The museum depicts a living picture of the natural heritage from the sea to the mountains and the land. You can observe animals created through genetic engineering, such as: the endangered species of red wolves, the fish with no eyes or the turtles that can change colors.
Peninsula Fine Arts Center:
This is a perfect place to visit if you are an art enthusiast. The center is a home for art activities in Virginia. There are several programs held every year for the kids and adults alike, including: painting, drawing, crafting and others.
Football is the main sport of this city. It has been home to different semi-pro teams, with the Virginia Crusaders being the most recent.
Facilities and Utilities in the City:
A water company located in Newport News provides water to more than 400,000 residents throughout the city, Hampton, Poquoson and parts of York County and James City County.
The transport system is elaborate, with bridges, tunnels, trains, interstate highways, local buses and airports.
With an exquisite taste in art and a refined perception in technology and industrialization, the city marks a balance between nature and work. It is a must-visit city for the adventure seekers and nature-lovers alike.