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|
Activity in the Appalachian Basin Continues to Thrive
A recent review of rig activity within the Appalachian Basin demonstrates continuing interest from some of the industry's largest oil exploration companies. In the last week alone, companies like Chevron, Gulfport Energy and Chesapeake Exploration have begun new drilling activity in Ohio, Pennsylvania and West Virginia.
At the current time, 326 rigs are active in Ohio, 69 drilling rigs are active in Pennsylvania and 27 oil rigs are active in West Virginia.
What does this commitment to the region mean for area service providers and suppliers?
Kraig Gunwall, Vice President of Sales at TCI believes that the interest in the area and the continued growth of activity within the Appalachian Basin is big for area service providers and suppliers.
"With companies like Chevron, Chesapeake Exploration and Gulfport Energy interested in the area, the opportunities are endless for small and mid-sized oilfield service providers and suppliers," Gunwall said. "Of course the big companies are going to continue to put pressure on the little guy, but with the number of projects available, there should hopefully be enough work to go around for everyone."
Simply put, the ongoing focus on the Appalachian Basin presents significant opportunity for oilfield service providers and oilfield suppliers. Small companies attempting to make it in the competitive industry now have the opportunity to obtain work and ongoing projects from some of the industry's largest and most established exploration companies.
For example, a coal ash supplier who once had to fight tooth and nail to find customers may have additional opportunities as more and more rigs enter the area, and existing rigs explore new drilling sites. Where there once was a dearth of opportunities now exists new and ongoing chances for work, growth and continued success for small oilfield suppliers and oilfield service providers.
There are challenges to taking advantage of these opportunities.
Taking full advantage of the opportunities within the Marcellus Shale and Appalachian Basin can be an expensive process. In many cases, a good deal of operating capital is needed upfront to bid on and complete projects in the oilfield. When an oilfield supply company or oilfield service provider lacks the funds needed to bid on or complete a project, the missed opportunity can have significant financial ramifications.
The lengthy pay terms standard within the industry make it increasingly difficult for small to mid-sized oilfield suppliers and service providers to maintain cash flow, and to keep adequate operating capital on hand. In many cases, an oilfield supply company or oilfield service company is forced to wait 30 to 9-0 days to be paid for materials delivered or work completed. With these delays, exploring new projects in the Appalachian Basin can be incredibly difficult.
How can a growing business take advantage of the new opportunities within the Appalachian Basin?
Companies that suffer from cash flow issues may benefit from the factoring process. Invoice factoring provides instant cash for completed invoices, giving oilfield service providers and suppliers the capital needed to explore new projects and cover the expenses of daily operation.
TCI supports oilfield service suppliers and oilfield service companies in the Appalachian Basin, including those active in the Marcellus Shale, the Devonian Black Shale and the Utica oil plays. By providing instant cash and helping these companies address invoicing issues that delay payments, TCI helps clients reach their full potential.
For more information on TCI Business Capital, please call 800.707.4845
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