Heavy Construction companies and construction sub-contractors often wait for 30, 60, or even 90 days for payments. Invoice factoring with TCI Business Capital provides the vital cash construction companies and construction sub-contractors need to keep their businesses operating.
Since 1994, TCI Business Capital has been a leading provider of invoice factoring services in the United States and Canada. If you are waiting too long for customer payments, factoring will provide the cash you need. TCI Business Capital offers competitive advance rates and low factoring rates. Contact us for a free, no-obligation consultation and quote.
Invoice factoring for heavy construction with TCI Business Capital gives companies the cash they need to keep the business operating. Cash flow from factoring is used to meet payroll, maintain equipment, buy supplies or whatever is needed by the company. The steady cash flow from factoring lets business operators focus on what they do best – getting the job done.
Heavy construction companies are among the businesses who can benefit the most from accounts receivable financing. Heavy construction companies go from one project to the next. Waiting 30, 60, or 90 days to be paid on a completed project can have a major impact on a company’s ability to do the next job.
Bank loans and bank lines of credit are often used by heavy construction companies for cash flow. The reality of the current banking climate is many companies will not qualify for a line of credit and are turned down by the bank. Even those companies with existing bank lines can suddenly find themselves maxed-out or the line being closed.
Factoring is an excellent alternative for companies that cannot use a bank loan or bank line of credit. With factoring, you’ll have the cash you need when you need it. Factoring with TCI Business Capital also comes with the benefits of being able to check the credit and payment history of potential customers, and with support from account representatives who have extensive experience working with heavy construction companies.
Companies involved in heavy construction work for customers from a number of industries. Heavy construction projects can include bridges, tunnels, dams, highways, ports, telecommunications networks (fixed line, cable, and wireless), railways, subways, water and sewage facilities, pipelines, and utility plants. Each industry has its peculiarities for invoicing and payments. These can be problematic for both well-established companies and those new to the industry.
Accounts receivable factoring with TCI Business Capital allows companies to focus on what they do best, their work. TCI Business Capital has the industry-specific expertise and background to work together with heavy construction clients. We share our expertise with clients, so they get the cash they need.
TCI Business Capital has experience in factoring for clients working in the telecom market. As fixed-line, cable and wireless operators seek to expand and modernize their networks to meet the insatiable demand for data, heavy construction companies helping to build infrastructure are often pinched by pay terms that commonly exceed 45 days. Both greenfield and brownfield network builds consume enormous resources, and slow payments can put a contractor at financial risk. TCI works with companies to ensure a steady cash flow through and beyond project completion.
Heavy construction is synonymous with utility & pipeline work. Heavy machinery operators, construction management, and crane and aerial lift operators all work on utility and pipeline projects, in addition to others. These projects can include residential, commercial, industrial, institutional and public-works projects, each with its own unique set of invoicing requirements and payment terms. Accounts receivable factoring with TCI Business Capital will provide these companies the cash they need to work on and complete these projects without creating unwanted financial burdens.
Despite the recent reduction in new oil and gas well starts, there is still work to be done in the oilfields. TCI Business Capital serves companies in the energy sector who are working on environmental and reclamation projects, vacuum services, trenching services and more. TCI Business Capital has extensive knowledge of and an outstanding reputation with exploration companies and producers, and we leverage our standing on behalf of our heavy construction company clients.
Trucking and transportation are necessary for most heavy construction projects. TCI Business Capital clients use accounts receivable factoring for consistent cash flow to operate their fleets. Bulk material haulers, flatbed carriers and heavy haulers all use factoring. TCI Business Capital has a proven track record of quality service to these fleets regardless of what’s being hauled.
TCI Business Capital offers customized factoring programs for a wide range of companies involved in heavy construction. All of these companies benefit with the steady cash flow from factoring, plus the best-in-class service TCI Business Capital is known for. These are some of the types of heavy construction companies served by TCI Business Capital.
|Build Materials||Environmental Services & Reclamation||Horizontal Directional Drilling|
|Bulk Material Handlers||Equipment Rental||Hot Shot Hauling|
|Concrete Contractors||Fabrication & Welding||Right-of-Way Clearing|
|Construction Equipment||Flatbed Carriers||Site Preparation|
|Construction Management||Grading & Excavating||Trenching Services|
|Crane & Aerial Lift Operators||Gravel Haulers||Utility Locators|
|Demolition Contractors||Heavy Hauling||Vacuum Excavators & Trucks|
|Electrical Contractors||Heavy Machinery Operators||Plus Many More|
TCI Business Capital has served heavy construction companies for over 20 years. Our industry knowledge, along with our experience, is an invaluable asset to clients. We understand the financial challenges heavy construction companies deal with on a daily basis. Because each client’s circumstances are different, our accounts receivable factoring programs are custom-tailored to fit their needs.
Heavy construction companies use factoring with TCI Business Capital because it’s the right choice for their business. We can customize a factoring line for most any situation. Whether it’s simply getting steady cash or for needs such as expansion and growth, slow-paying customers or tax liens, TCI Business Capital can work with you.
Learn more about financing for construction companies with factoring and why it is the right decision for your business by calling TCI Business Capital at (800) 707-4845 or contact us now.