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.
Welcome to TCI Factoring. 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 Factoring 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 Factoring customers receive written approvals in 30 minutes or less.
We distinguish ourselves from other financial institutions with our "Get it Done" culture. At TCI Factoring, 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 Factoring 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 Factoring 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 Factoring 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 Factoring 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 Factoring 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 Factoring 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 Factoring provides several complementary services for our customers including:
TCI Factoring 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 Factoring 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 Factoring 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 Factoring we focus on any potential problems up front thereby reducing the need to make collection calls down the road.
TCI Factoring Credit Analysis and Risk Assessment
In today's economic climate, the need to understand and minimize risk is essential to your success. TCI Factoring provides this valuable service to all of our customers.
TCI Factoring Fuel Cards and Discounts
TCI Factoring 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 Factoring Treasury
TCI Factoring 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 Factoring - Industries Served
|Oilfield Services||Trucking & Logistics||General Industries|
Midland Texas and Permian Basin Oil Activity Heating Up
August 4, 2014 -- With drilling activity on the rise in the Permian Basin, it's all optimism in Midland, Texas. Stretching across 52 counties and over 86,000 miles in West Texas and eastern New Mexico, the Permian Basin has more than 500 active rigs -- that's more than twice the number of rigs in the second-ranked Eagle Ford Shale.
Day in, day out, the Permian is pumping an astounding 1.6 million barrels of oil and accounts for 18% of all oil production in the United States. It's evident. The Permian Basin is quickly becoming the most prolific oil-producing area in the United States.
Drilling activity is expected to remain active in the coming years, and as hydraulic fracturing technology continues to thrive, areas like Midland, Texas, are growing rapidly and showing no signs of slowing down. But with that growth comes many new challenges.
Opportunity for Midland Texas Oilfield Suppliers
In the Permian Basin, demand for qualified oilfield service professionals is at an all-time high. In places such as Midland, Texas, the flood of money and workers into the area is almost impossible to miss. Water haulers, rig movers, oilfield truckers and other oilfield suppliers are flocking to Midland, Texas to cash in on the once-in-a-lifetime opportunity.
Often start-ups and many times strapped for cash, small to midsize oilfield suppliers in Midland, Texas, are quickly discovering the challenges that come with growth and success in the oil patch. Pay terms as well as the competitive nature of the oil and gas industry, can be quite unpredictable. 30- to 90-day pay terms are extremely common, which create cash flow stress on growing businesses. And in the booming market, oilfield suppliers need to have enough cash flow in place to grow rapidly. Looking for ways to finance operations, and as an alternative to traditional bank loans, oilfield suppliers are thriving using TCI's oilfield factoring services.
Oilfield Factoring for Midland Texas and Permian Basin Oilfield Suppliers
When a smaller or growing company struggles with cash flow issues, TCI's oilfield factoring programs serve as a lifeline for oilfield service professionals. TCI Business Capital's oilfield factoring services ease oilfield supplier stress by giving oilfield suppliers the working capital that is tied up in their accounts receivable.
TCI Business Capital provides instant cash for oilfield invoices. By paying cash for invoices, TCI Business Capital gives oilfield suppliers the operating capital needed to explore opportunities in the Permian basin. As a result of using TCI's oilfield factoring services, oilfield suppliers are able to obtain the cash they need to get caught up on bills, make equipment purchases and take advantage of the once-in-a-lifetime oil and gas boom.
For more information on TCI Factoring, please call 800.707.4845
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