In today's economy 30 to 90-day pay terms are standard. These long pay terms can create "Cash Flow Stress" to growing companies.
Our specially designed Factoring Lines can ease your stress by allowing you to access the capital that is tied up in your accounts receivables. What’s more, Set-up is as easy as 1-2-3.
TCI Business Capital
Welcome to TCI Business Capital. Since 1994, we have provided "Best in Class" Factoring solutions to thousands of small to mid-size companies throughout North America.
Our customers work on the front lines of North America's growth sectors. These companies choose TCI Business Capital because they need working capital, but are not able to obtain sufficient financing from their bank.
Our "Easy to Set Up" Factoring Lines solve this problem by allowing our customers to access the capital that is tied up in their accounts receivables. What's more, with our simple and straightforward underwriting guidelines, most TCI Business Capital customers receive written approvals in 30 minutes or less.
We distinguish ourselves from other financial institutions with our "Get it Done" culture. At TCI Business Capital, we are proud to be recognized for our reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.
We are active in the community and believe in helping those in need. Over the years, TCI Business Capital support has been focused towards school-aged children, wounded veterans, countries hit by natural disaster, and victims of domestic violence. We take pride in supporting various organizations that share the belief that it is our duty and responsibility to help improve the lives of others.
TCI Business Capital has separated itself from traditional lenders and other Factoring Companies by eliminating the customary red tape that is common in the Factoring Industry.
At TCI Business Capital our process is simple; you send us your invoices, and we pay you for them the same day. We then collect payment from your customers. It's that simple.
Set up is as easy as 1-2-3
Step 1 - Get Quote
Call and get a free, no-obligation quote and approval from one of TCI Business Capital Factoring specialists. Our simple and straightforward underwriting guidelines allow most customers to receive written approvals in 30 minutes or less.
Step 2 - Submit Invoices and Related Documents
Once you are approved by TCI Business Capital and accept our proposal, we will schedule your first funding. We can accommodate most time tables and even offer an expedited service for those in need of immediate cash. During the setup process, we will walk you through the agreement and have you send in your invoices and any related documents.
Step 3 - Get Paid for your invoices
That's it! Now that you are set up, TCI Business Capital we will either Wire or ACH the money directly into your account. From this point forward, we will pay you the same day we receive your invoices.
TCI Business Capital provides several complementary services for our customers including:
TCI Business Capital customers are provided a dedicated Relationship Manager who is experienced at working with growing companies. This Relationship Manager will assist you in a wide range of services including: integration with billing software, Invoice handling, image archiving, payment posting and comprehensive account reporting available 24/7, through our secure online system.
TCI Business Capital Collection Services
We value the relationships you have with your customer's; they should not have to deal with unpleasant or disrespectful collection calls. The fact is that if you work for customers with good credit and submit invoicing to them in an acceptable manner, they will pay you within terms.
Over the years TCI Business Capital has built relationships with over 40,000 companies nationwide. These relationships have allowed us to learn most of the invoicing roadblocks that keep businesses from getting paid on time.
So how do our collectors help you? Rest assured it's not by yelling at your customers. It's actually the exact opposite. Simply put, at TCI Business Capital we focus on any potential problems up front thereby reducing the need to make collection calls down the road.
TCI Business Capital Credit Analysis and Risk Assessment
In today's economic climate, the need to understand and minimize risk is essential to your success. TCI Business Capital provides this valuable service to all of our customers.
TCI Business Capital Fuel Cards and Discounts
TCI Business Capital customers are eligible to receive free set-up to the 24-7 Fuel Card. This Fuel card is available for use at over 8000 locations nationwide and offers users significant discounts at major fuel centers nationwide.
TCI Business Capital Treasury
TCI Business Capital has a state of the art, fully automated and flexible treasury department that allows you to decide how you want your funds transferred on a daily basis. Funds can be dispersed via: Wire, ACH, to a Fuel Card account and more.
TCI Business Capital - Industries Served
|Oilfield Services||Trucking & Logistics||General Industries|
Factoring (or accounts receivable finance) is a common form of financing in both the United States and Canada. Factoring is used in a variety of industries such as trucking, manufacturing, staffing and construction where 30, 60 and 90-day pay terms are common.
At TCI, our clients often ask us a variety of questions about factoring. To help, we've decided to assemble this short explanation about the differences between recourse factoring and non-recourse factoring.
What is Recourse Factoring?
Recourse factoring is the most common form of factoring in the accounts receivable finance industry. Recourse factoring means that the client takes complete responsibility over the payment of the invoice. If an invoice isn't paid in 90 days, the factoring company retains the right to sell back the invoice to your company.
Helpful tip: It's important to only factor invoices that you know will get paid back in under 60 days. If you don't, you could possibly run into a problem where you've already spent the money received from the factoring company, but don't have the extra revenue coming in to buy the invoice back.
What is Non-Recourse Factoring?
Non-recourse factoring is the least common form of factoring. There are many factoring companies that advertise "non-recourse factoring", but in fine print, they list numerous reasons why an invoice can be exempt. In true non-recourse factoring, the factoring company assumes all of the credit risks for the collection of an invoice.
Helpful tip: Be sure to read the fine print details when you receive your contract terms from a factoring company. Ask the factoring company questions upfront, and if you have any other lingering questions, have them reviewed by an attorney.
About TCI Business Capital
TCI Business Capital is a privately held, financial services company founded in 1994. The company is headquartered in Burnsville, Minnesota with operations in Calgary, Alberta, Canada. TCI Business Capital provides a full range of business financial services including: accounts receivable management, collection services, credit analysis, factoring services, risk assessment, treasury and more. TCI assists oilfield service and supply providers throughout North America. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service and exemplary corporate citizenship. Contact the financial services experts at TCI Business Capital for a fast, no-obligation quote. 1-800-707-4845.
For more information on TCI Business Capital, please call 800.707.4845
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