If you’re looking to speed up your cash flow and eliminate the gap from slow-paying customers, there is an excellent cash-flow solution to turn to, invoice factoring.
Invoice factoring, also known as accounts receivable financing, works by selling your invoices to a factoring company in exchange for a cash advance. Companies choose TCI Business Capital’s Madison factoring company programs over others because we offer same-day funding, low rates, and high advances.
Unlike business loans or lines of credit, our Madison invoice factoring programs are quick to set up, providing you with the cash you need to catch up on bills, meet payroll and more.
Get approved from a representative at TCI Business Capital today in as little as 15 minutes.
Since 1994, our Madison accounts receivable financing programs have provided working capital to a variety of industries including:
|Manufacturing||Government Contractors||Heavy Construction|
|Oilfield Services||Renewable Energy||Telecommunications|
Our flexibility and get-it-done culture allow us to work with many business sizes, stages, and financial situations.
We can fund your company through our Madison factoring company programs if:
Don’t wait any longer. Contact TCI Business Capital today about our Madison invoice factoring programs and take back control of your business finances.
Located in south-central Wisconsin, Madison is the capital of the state and also its second largest city. Madison was named after the 4th President of the United States, James Madison, whose death was a current event when the area for the future city was purchased.
Long before the first European settlers came to what is now known as Madison, the mysterious Native American “mound builders” inhabited the area. In fact, some of the mounds they built are still visible today. In 1836, James Duane Doty purchased the land and although it was only a paper city at the time, he convinced the government to make it the capital. Despite its small population, Madison remained the capital when Wisconsin became a state in 1848. The population began to rise shortly after, as the University of Wisconsin was established and the railroad was extended to the area. Camp Randall, a Union army training facility, was established in Madison during the Civil War. More than 70,000 recruits went through training at Camp Randall, which made Madison a center for the Union army. In 1856, when Madison was incorporated as a city, a small portion of the former town was not included in the new city charter. As a result, there are now two areas called Madison, a city and a town. Although there are plans to incorporate the town of Madison into the city of Madison, it will not be fully complete until 2022.
Education is an important part of Madison’s economy, as the University of Wisconsin-Madison makes a large contribution to the economy of the city and the state as a whole. In fact, UW-Madison has a $15 billion overall economic impact annually. With all of UW-Madison’s affiliates, hospitals and clinics, it supports over 193,000 jobs in the state and generates more than $847 million in state and local tax revenue. UW-Madison is also a leading center for research, ranking in the top five nationwide for federal research funding with over $1 billion in expenditures.
One of the industries with the most rapid growth in Wisconsin is biotechnology. In fact, between 2007 and 2012 there was a 20 percent increase in biotechnology jobs in the drug industry and the research and testing industry. Within the state, Madison has become a specialized hub for the industry and is one of only nine metro regions that concentrate in four or more biotech specialties. The specialty fields in Madison include drug development, research and testing, medical devices and bioscience distribution. Currently, Madison is home to more than 600 technology companies, which employ over 30,000 people. The main driver for industry research is the Discovery Building, which houses a public research institute, the Wisconsin Institute for Discovery, and a private research institute, the Morgridge Institute for Research. The Discovery Building is located on the UW-Madison campus and works in collaboration with the university in order to create an ecosystem where various disciplines can work together to make advances in the field.
In addition to biotechnology, information technology is becoming increasingly important to Madison’s economy. In fact, since 2000, employment in software publishing has increased by almost 300 percent in the Madison region. A significant portion of this growth is in healthcare IT and the company Epic Systems is at the center of it. Headquartered in the Madison region, Epic Systems has become a leading software company in the medical records industry, with approximately 190 million patients with current electronic records in Epic. The company supports over 10,000 jobs in the region and also acts as a starting point for emerging tech companies, as close to 1,000 employees per year leave to start out on their own. In addition to healthcare IT, Madison is also home to a number of gaming companies and IT-reliant merchandisers.
The Madison region has a significant advanced manufacturing industry, with a focus on food processing and machinery, tractors and trailers, household refrigerators and freezers, appliances, and many others. In fact, Madison is home to more than 1,400 advanced manufacturing companies, which employ over 68,000 people in the region. Wisconsin recognizes the importance of the manufacturing sector to the state and as such, the state has a Manufacturing and Agriculture Tax Credit. This tax credit practically eliminates a tax on income from manufacturing activity within the state. Wisconsin also has multiple organizations that help to promote the industry, including Exportech, which creates a customized strategy to help small and midsize manufacturing companies break into new markets. Some of the advanced manufacturing companies that call Madison home are Sub-Zero, John Deere and Spectrum Brands, among many others.