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TCI Oilfield Factoring Continues Expansion in Texas

BURNSVLLE, MN-(February 11, 2012) - TCI Oilfield Factoring, a leading provider of factoring services in the US, is proud to announce the continued expansion of its Texas oilfield factoring division. Mandi Groda, Senior Vice President, Business Development Officer, and top sales performer will be operating out of the Houston office.

"Mandi Groda is a seasoned veteran with over 14 years experience in the oil industry. She understands the oil business; I am excited to have her join our already strong presence in Texas. We are confident that Mandi will play an important role in our continued expansion in the Eagleford Shale, Barnett Shale, and Permian Basin areas," said Kraig Gunwall, Senior Vice President of Sales.

"I am so excited to be part of the TCI family. I look forward to providing TCI's working capital solutions to my existing customers and to other oilfield service companies throughout Texas," said Mandi Groda.

"We have a great deal of experience and understand the challenges associated with operating an oilfield service company in Texas," said Kraig Gunwall, Senior Vice President of Sales. "Today, 30 to 90-day pay terms are common. These long pay terms create cash flow stress and make it difficult for oilfield service companies to meet their working capital needs. Our oilfield factoring lines address these challenges by not only maximizing cash flow, but by greatly reducing the accounts receivable turn through increased efficiency in the billing process."

TCI provides its oilfield factoring programs to a wide range of oilfield service companies including; oilfield trucking, well servicing, pipeline, pad and road construction companies, rental and supply companies, disposal sites and more. Lines range from 50k to 20 million.

About TCI Oilfield Factoring
TCI Oilfield Factoring is the oilfield factoring Division of TCI Business Capital, a nationwide privately held financial services company founded in 1994 by its CEO Daniel Robbins. The company is headquartered in the Minneapolis/St Paul suburb of Burnsville, Minnesota. 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. The company is proud to be recognized for its reliability, flexibility, responsiveness, innovative products, customer service, and exemplary corporate citizenship.

Contact Information
Contact information: media inquiries should be directed to Glen Herrig Director of Media Relations gherrig@tcibizcap.com 800-707-4845

Contact information: sales inquiries should be directed to Kraig Gunwall Senior Vice President of Sales. kgunwall@tcibizcap.com 800-707-4845

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More Information about 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 all across the United States.

Our customers work on the front lines of 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 Inovoices 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.

Other Services

TCI Business Capital provides several complementary services for our customers including:

A/R Management
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.