Alternative B2B Financing for Startups | TCI Business Capital Please upgrade your browser to use Internet Explorer 9 or above. Internet Explorer 8 is no longer supported.
Alternative Financing for Startups
Invoice Factoring Provides Cash to Startups

Financing for Startups

financing for startupsFinding Sufficient Funding for Your Startup

It’s an investment to start up a business. Start-up companies need to purchase everything from equipment and insurance to office supplies and computers to get started. For many new businesses, the amount of cash in reserve is little to none. Most of the funds they had are already invested directly into the business in order to get started.

Start-up companies need working capital to fund their business to meet daily operating costs and payroll. For newer companies, this is a challenge when little to no cash is left after the initial start-up costs.

Financing for Startups

Accounts-receivable financing, also known as invoice factoring,  is a common and beneficial way many companies use to finance their startups. Business loans and business lines of credit are difficult for new companies to secure with little-to-no financial history. Accounts-receivable factoring gives your startup the ability to accept new contracts while having a steady cash flow to keep up with operating costs.

Accounts-Receivable Financing Process

Start-up companies no longer have to wait to get paid. TCI Business Capital pays companies a competitive advance on the invoice amount within 24 hours. Once your customer pays the invoice, the remaining amount is deposited directly into your bank account, minus a small factoring fee.

Financing  for Startups: Accounts-Receivable Financing vs. Business Loans and Lines of Credit

financing for startupsCredit

For many start-up companies having little credit, no credit or a maxed-out line of credit is common. If that’s your situation, it’s extremely difficult to obtain a business loan or line of credit. With accounts-receivable factoring, having little-to-no credit or a maxed-out line of credit isn’t an issue. TCI Business Capital looks at the credit rating of your customers rather than yours.

Time

Start-up companies need to bring in revenue quickly to get a return on their initial business investments. To obtain funding from business loans and lines of credit, it can take months from the time you start the application process to when you actually get the funds you need. New companies don’t have time to wait for this. With accounts-receivable factoring, the entire application process takes about three days and funding occurs within 24 hours of setup. This gives growing companies the ability to accept contracts as they have the funds to operate their business and pay their employees.

Limits

Start-up companies want to grow as quickly as they can. With a business loan or business lines of credit, a limit on the borrowed amount from the bank can prohibit growth. If your limit is reached with the bank, it’s hard to invest in new resources or accept new contracts if you don’t have the working capital to support it. With accounts-receivable factoring, there are no limits. The more contracts you accept and the more invoices you forward to us, the more cash we’ll advance you.

Learn How Invoice Factoring Helped a Start-up Cell Tower Contractor

financing for startups through invoice factoring

Financing for Startups in Many Industries

For more than 20 years, TCI Business Capital has financed start-up companies in a variety of industries. Start-up companies have the ability to grow by having a working capital solution.

Staffing Agencies

Staffing agencies need funds to pay their employees weekly or biweekly even when their customers are taking 15, 30 or even 45 days or more to pay them. Instead waiting, start-up staffing agencies get paid same day on their invoices by working with TCI Business Capital.

Administrative Clerical IT – Technology
Light Industrial Medical Many More

Government Contractors

Winning a government contract can be a big win for any company. However, with the equipment, payroll and time needed to invest in the job, it can be difficult to fund when typical payments can be 60 days or more. Through accounts-receivable factoring with TCI Business Capital, startups can bid on and accept government contracts as they have the working capital they need to complete the job by being paid same day on their invoices.

Federal Local Provincial
State Many More

Technology

Technology companies of all specialties need working capital to operate and invest. When invoices aren’t being paid in a timely manner, this makes it difficult to operate. TCI Business Capital provides start-up technology companies the funds they need to operate and grow.

Consultants Data Management IT Services
Network Administration Software Development Technology Solutions
Web Design Many More

Oilfield Services

Oilfield service companies know they need working capital to operate. Allow your startup to accept new contracts by getting paid same-day on your invoices with TCI Business Capital.

Crude Haulers Flowback Testing Frac Sand Haulers
Gravel Haulers Rig Movers Roustabouts
Water Trucks Well Servicing Many More

Heavy Construction

For companies that do heavy construction work, it’s no secret the start-up costs are high with the large and expensive equipment needed. New heavy construction companies need funds to operate. Accounts-receivable factoring is a solution that many types of heavy construction companies turn to.

Concrete Contractors Crane & Aerial Lift Operators Equipment Rental
Grading & Excavating Fabrication & Welding Heavy Hauling
Horizontal Directional Drilling Trenching Services Many More

Utility & Pipeline

With expensive equipment and specialized labor, it’s difficult for utility and pipeline companies to meet their daily operating expenses. TCI provides start-up utility and pipeline companies with steady cash flow by paying them same day on their invoices.

Boring & HDD Fabrication & Welding Gas Utility Line Installation
Hydrostatic Testing Pipeline Construction Pipeline Maintenance
Utility Construction Water Main Construction Many More

Trucking & Freight

Trucking and freight companies need to purchase trucks before they can begin doing any work. With little-to-no working capital left, it makes it difficult to take on work when drivers need pay and trucks need fuel. Accounts-receivable factoring allows start-up trucking and freight companies to fuel their trucks and pay their drivers with ease as they’re paid same-day on their invoices.

Dump Trucks Dry Bulk Flatbeds
Freight Brokers General Freight Heavy Haul
Hot Shot Reefer Many More

Renewable Energy

The renewable energy industry continues to grow and thrive. As the demand for clean energy and green energy increases, business and work opportunities for contractors grow as well. Accounts-receivable financing is an excellent financing option for start-up companies in need of immediate cash.

Engineering & Procurement Site Development Services Construction Sub-contractors
Operations & Maintenance Many More

Telecom & Wireless

With the increasing demand of telecom and wireless contractors, many start-up companies are on the horizon. TCI Business Capital provides working capital solutions to these companies.

Antenna Site Maintenance Cell Tower Construction Cell Tower Repair
Data Center Installation Fiber Optic Installation Microwave Installation
Safety Suppliers Safety Trainers Many More

Other Industries

It doesn’t matter what industry you’re in, companies of all industries need sufficient capital to meet the operating costs of their business. TCI Business Capital provides cash to start-up B2B companies in a wide-range of industries.

Apparel Distribution Janitorial
Manufacturing Printing Security
Service Providers Wholesale Many More

Is your startup looking for financing options? Contact the financial experts at TCI Business Capital by calling 800-707-4845.