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Bank Turn-Downs
Accounts-Receivable Factoring Solutions for Cash-Flow Problems

Factoring for Bank Turn-Downs

When Banks Say “No,” We Say “Yes”

Applying for a business loan or business lines of credit can be time consuming and frustrating, especially when it is denied. When a business needs cash, waiting for approval on an application may mean missed work opportunities or increased costs. This is why bank turn-downs use accounts-receivable financing with TCI Business Capital.

Accounts-receivable financing, also known as invoice factoring, can provide companies immediate access to the cash they need, without the lengthy application process or waiting for approval. Throughout the United States and Canada, many companies facing bank turn-downs use factoring because of the fast approvals and quick access to cash.

Bank turn-downs of an application for a business loan or business lines of credit are exasperating and potentially fatal for a business. An accounts-receivable factoring line is often much more easy and faster to obtain. TCI Business Capital can approve a factoring line in as little as 15 minutes.

How Factoring for Bank Turn-Downs Works

Accounts-receivable factoring is a type of financing where a company receives a cash advance on their accounts receivables. TCI Business Capital will provide a competitive advance on the value of the receivables. The cash from factoring can be used by the client to meet any financial commitments they have. When TCI Business Capital receives payment on the receivables from the client’s customer, the remaining balance is remitted to the client less a small fee.

bank turn-downsIn addition to vital cash flow, TCI Business Capital provides value-added services including:

  • Online reporting
  • Customer credit analysis
  • Accounts-receivable management
  • Collections, and more

The highly experienced TCI Business Capital staff help clients grow and succeed.

Factoring for Bank Turn-Downs in Any Industry

TCI Business Capital serves companies experiencing bank turn-downs. We ensure these companies have cash when it’s needed. For over 20 years, TCI Business Capital has served clients from many industries. Our industry knowledge and reputation for service have made us a leader in the factoring industry. Companies who want an experienced factoring company, with expertise in their work, choose TCI Business Capital.

factoring for government contractors case study

Industry Knowledge and Experience

telecom and wirelessTelecom & Wireless Companies

  • Antenna Installation & Repair
  • Tower & Outside Plant Construction
  • Fiber Optic and Structured Cabling Installations
  • Network Engineering
  • Cell Tower Maintenance
  • Plus many more

heavy constructionHeavy Construction Operations

  • Concrete Contractors
  • Construction Management
  • Crane & Aerial Lift Operators
  • Grading & Excavating
  • Horizontal Directional Drilling
  • Utility Locators
  • And others

technologyTechnology

  • Consultants
  • Data Management
  • IT Services
  • Software Development
  • Technology Solutions Providers
  • And more

utility and pipelineUtility & Pipeline Companies

  • Pipeline Construction
  • Right of Way Clearing
  • Fabrication & Welding
  • Trenching Services
  • Underground Utilities Contractors
  • Plus more

oilfield financingOilfield Services

  • Site Preparation
  • Drilling Contractors
  • Frac Sand Hauling
  • Water Haulers
  • Roustabout Services
  • Well Servicing
  • And others

trucking and freightTrucking & Freight

  • Contract Carriers
  • Freight Brokers
  • Heavy Haulers
  • Refrigerated Carriers
  • Tanker Fleets
  • And many more

Renewable energyRenewable Energy

  • Engineering & Procurement
  • Site Development services
  • Construction Sub-contractors
  • Operations & Maintenance
  • And many more

government contractorsGovernment Contractors

  • Federal and State
  • Provincial and Local
  • Professional Services
  • Pass-through Transactions
  • And more

staffing agenciesStaffing Agencies

  • Administrative
  • Clerical
  • IT – Technology
  • Light Industrial
  • Medical
  • And others

financing for other industriesOther Industries

  • Apparel
  • Distribution & Wholesale
  • Janitorial
  • Manufacturing
  • Printing
  • Plus many more

Factoring with TCI Business Capital

As a leading provider of factoring lines since 1994, TCI Business Capital is the right choice for companies dealing with bank turn-downs. If lack of available cash is holding back your business, talk to a TCI Business Capital representative today and find out how factoring can become part of your success.

How Bank Turn-Downs Start Factoring

factoring for bank turn-downsAt TCI Business Capital, we know company leaders are focused on driving their business towards success. We understand that taking the attention away from the work at hand is counter-productive. We eliminate complications and offer a speedy approval process. With TCI Business Capital, getting set up for accounts-receivable factoring is as easy as 1-2-3.

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

Step 2 – Submit invoices and related documents
Once a factoring 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 set-up 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.

Factoring with TCI Business Capital is a solution for Bank Turn-Downs. Call 800.707.4845, or Contact Us today!

United States

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Canada

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