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Renewable Energy Contractors
Factoring Provides the Cash You Need Today.

Factoring for Renewable Energy Contractors

Cash for Payroll, Purchasing Equipment, Paying Bills, and More.

Renewable Energy Contractors often wait long periods of time on payment for their work. Invoice factoring is the solution for companies needing immediate cash. Factoring is a reliable source of cash for contractors and sub-contractors alike.

Since 1994, TCI Business Capital has provided invoice factoring for Renewable Energy contractors and sub-contractors. These companies use the cash from factoring to pay bills, meet payroll, purchase equipment, and more. Contact us for a free, no-obligation quote and consultation on how factoring can be the source of cash for your business.

 

Renewable Energy Financing with Accounts-Receivable Factoring

factoring for renewable energy companies
Renewable energy contractors in need of a simple, reliable source of operating cash use accounts-receivable financing from TCI Business Capital. Accounts-receivable financing gives contractors an immediate advance on their outstanding invoices, instead of waiting weeks or months for payment.

TCI Business Capital is a leading accounts-receivable financing company. Since 1994, TCI Business Capital has provided working capital and cash to companies in a wide range of industries, throughout the United States and Canada.

Contractors working on wind, solar or other renewable energy projects need cash to operate. TCI Business Capital offers accounts-receivable financing and invoice factoring programs customized to fit the unique needs of contractors working to meet our countries future energy needs.

accounts-receivable financing for renewable energy trucking

Financing for Renewable Energy Contractors

Accounts-receivable financing, also known as invoice factoring, is based on the credit and payment history of a business’s customers, not that of the business itself. This makes it ideal for companies that might not qualify for traditional financing, or those that don’t want to add new debt from bank loans or lines of credit.

Renewable energy contractors use accounts-receivable financing instead of business loans or business line of credit for immediate cash. With banks, it takes months to get financing. Accounts-receivable financing is an excellent alternative to banks, and the amount of available capital grows as business grows.

How Does Accounts-Receivable Financing Work?

Accounts-receivable financing is easy. Here’s how it works.

  1. Perform your work or service as you always do.
  2. Send your customer invoices to TCI Business Capital.
  3. TCI Business Capital sends the cash advance, generally the same day.
  4. TCI Business Capital handles the invoicing process with your customer.

When your customer pays TCI Business Capital, we pay you the remaining balance on the invoice, less a small fee.

Benefits of Accounts-Receivable Financing

  • Immediate cash availability
  • Based on customer’s credit, not yours
  • Alternative to traditional financing
  • Customized financing to fit your needs

Set up for Accounts-Receivable Financing is Easy as 1-2-3

Step 1 – Get a Quote
The initial step in securing a financing line is to speak with a TCI Business Capital representative. We’ll discuss your cash situation and needs, and we’ll offer a free, no-obligation quote and approval for a financing line. Our simple and straightforward underwriting guidelines allow most customers to receive written approvals in 30 minutes or less. All approvals are customized for the specific needs of the client. We’ll work to make certain the line meets your requirements.

Step 2 – Submit Invoices and Related Documents
Once a financing line is agreed upon, we’ll schedule your first funding. We can accommodate most schedules and offer an expedited service for those in need of immediate cash. During the setup process, we’ll walk you through the agreement and discuss your invoices and any related materials.

Step 3 – Get Cash for Your Invoices

When the set-up process is complete, we fund you via ACH direct deposit or a wire transfer directly into your bank account. From this point forward, each time we receive your invoices, we’ll process and fund you the same day the invoices are received.

For Information on Factoring with TCI Business Capital, for Renewable Energy Contractors, Call (800) 707-4845, or Contact Us now.

Download the Definitive Guide to Factoring

Accounts-Receivable Factoring for Renewable Energy Contractors

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