![]() But with invoice factoring, set up can be as few as three days. The process of business loans can be lengthy. Why Do Texas Companies Finance with Invoice Factoring ?Ĭompanies choose Texas accounts receivable financing programs over business loans or business lines of credit for a variety of reasons.Ĭompanies that are growing rapidly need access to cash to meet new demands. Our accounts receivable financing lines range from $50,000 to $20 million, giving your company the ability to grow. TCI Business Capital provides financing to a range of industries and businesses through our invoice factoring programs. Get a Quote for Factoring Today A Texas Factoring Company for Many Industries Experienced, knowledgeable service from North America’s leading factoring company.Full back-office support at no added cost: accounts receivable management, collections, credit analysis, and risk assessment.The more work you do, the more working capital you’ll receive.Unlike business loans and bank lines of credit, invoice factoring doesn’t create debt on your balance sheet.Invoices you factor are paid within 24 hours, eliminating wait and worry.Consultations and quotes are done in 15 minutes. The application process is quick and easy.TCI Business Capital offers low rates and competitive advances.Companies Benefit from Texas Invoice Factoring Programs Stop waiting 30, 60, or even 90 days for customer payment and get paid today with TCI Business Capital’s invoice factoring programs customized for Texas companies. Quality of the invoice supporting documentation (customer portal, contracts, etc)įor starters, we will ask to review your accounts receivables aging report, copy of an invoice, along with its supporting back up documentation (contract, purchase order, bill of lading, etc.)Ĭall 93 or click here to schedule a free 15-minute consultation or click here to apply now.Home > Where We Serve > Texas Improve Your Cash Flow With the Top Texas Factoring Company Time and effort it takes to verify your invoices for payment Volume of invoices that you would like to factor Here are a few factors a finance company will take into consideration Generally speaking, you are looking at an (all-inclusive) average fee of 2% to 3% for 30 days. Pricing will vary for invoice factoring because there many components that are factored into the equation. Generally, a B2B (business to business) owner that has qualifying accounts receivables (unpaid invoices) for goods or services provided to strong customers that they have written terms with (contract, purchase order, bill of lading, etc) and have a payment history of a net 30-60-90 days. ![]() Manufacturing, Distributors (including PACA), etc. ![]() Oil and Gas, Temporary Staffing, JanitorialĬonstruction, Contractors, Fiber Optics, Cable, Telecommunications Here are just a few examples:Ĭommercial and Industrial Service Providers (welding, machinery, piping, electrical) There are many B2B (business to business) companies that utilize factoring. Pay administrative fees (taxes, legal, or other fees relating to running a business) Meet payroll deadlines, pa y suppliers on timeĮxpand your business (marketing fees, hire new employees, take on larger orders) Here are a few examples of how factoring can help your business: You pick and choose which invoices you want to use for funding. Invoice factoring provides your business the flexibility of obtaining fast cash when you need it. Your unpaid invoices are an asset - so why wait to get paid? Start-up businesses and sole proprietors may also apply. No minimums (FICOS, time in business, volume) Invoice factoring is NOT a loan therefore you do not incur any debt nor make any payments!įactoring is very easy to qualify for because a great deal of weight is based on the strength of your customer.Īccess $10,000 to $10,000,000 limits (up to 95% of invoice value) Funds are generally advanced directly to the business bank account electronically within 24 hours of the request. In return for the sale of the invoice, the finance company provides the business access to a credit limit. Invoice Factoring is a financial transaction that consists of a business selling its accounts receivables (unpaid invoices) to a financial institution at a discount (fee).
0 Comments
Leave a Reply. |