Augusta Small Business Loans
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. Many of these companies choose us because they cannot obtain sufficient funding from their existing Augusta Small Business Loans. Other customers may already have existing Augusta Small Business Loans programs with Augusta Banks, but decide to switch to TCI Business Capital and its factoring programs to get larger lines.
Obtaining a Augusta Small Business Loans from a bank in Augusta can be a long and drawn out process. It's not unusual for Banks to take 30 days or more to close on Augusta Small Business Loans. At TCI Business Capital, our easy-to-set-up factoring lines allow 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 customers receive written approvals in 30 minutes or less.
We distinguish ourselves from other financial institutions with our "Get it Done" culture. Customers remark that unlike the typical Augusta Small Business Loans programs, our factoring programs provide availability, flexibility, and responsiveness. We are proud to be recognized for our reliability, innovative products, customer service, and exemplary corporate citizenship.
We are active in the community and believe in helping those in need. Over the years, our 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 How It Works
We have separated ourselves from traditional lenders and other factoring companies by eliminating the customary red tape that is common in the finance industry. Obtaining a Augusta Small Business Loans from a bank in Augusta can be a long and drawn out process. It's not unusual for Banks to take 30 days or more to close on a Augusta Small Business Loans. Unlike Augusta Small Business Loans that you get from your local bank in Augusta, our factoring programs allow you to get approved and setup within days. What's more, TCI Business Capital provides services that a Augusta Small Business Loans will not: our factoring programs include collection services, eligibility for fuel cards, and credit analysis.
Our streamlined 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 our 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 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, 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.
At TCI, our factoring programs provide several mission critical services that Augusta Small Business Loans programs don't offer. Unlike the Augusta bank loans programs offered by your local bank, our factoring programs include several complementary services for all of our customers, including:
All of our customers are provided a dedicated Relationship Manager. In the past few years, it's become more difficult for new or rapidly expanding business in Augusta to obtain a Augusta Small Business Loans. At TCI, our Relationship Mangers have vast experience working with growing companies, and are committed to aiding your continued success. 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.
We value the relationships you have with your customers: they should not have to deal with unpleasant or disrespectful collection calls. Our experience indicates that if you work for customers with good credit, and submit invoicing to them in an acceptable manner, they will always pay you within terms.
Unlike the general Augusta Small Business Loans programs offered by your Augusta Bank, our factoring programs are specialized and specific. Over the years we have built relationships with over 40,000 companies nationwide. These relationships have allowed us to understand most of the invoicing roadblocks that keep businesses from getting paid on time, equipping us with the knowledge and experience to better suit your company's special needs.
So how do our collectors help you? Rest assured it's not by yelling at your customers. Instead, we do the opposite: simply put, we address any potential obstacles up front, thereby reducing the need to make collection calls down the road.
Credit Analysis and Risk Assessment
In today's economic climate, the need to understand and minimize risk is essential to your success. In contrast to Augusta Small Business Loans offered by your local Augusta Bank, our factoring programs provide valuable credit analysis and risk assessment services to all our customers.
Fuel Cards and Discounts
Our customers are eligible to receive free setup 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.
Our Factoring programs provide our customers with more flexibility and availability than the typical Augusta Small Business Loans. Our fully automated and flexible treasury department 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.
||Trucking & Logistics
|Gravel Haulers Business
|Frac Sand Haulers
||Liquids & Gas
*Augusta (also known as Augusta-Richmond County) is a consolidated city in Georgia. Augusta is the largest city in Georgia, the second-largest metro area in the state after Atlanta, and the 113th largest city in the United States. Native Americans first used Augusta as a place to cross the Savannah River, because of Augusta's location on the fall line.
In recent years, Augusta has become a center of medicine, biotechnology, and military. Augusta is currently home to one of the best minor league baseball teams in America. Internationally, Augusta is best known for hosting The Masters golf tournament each spring. This tournament is one of the most prestigious in the sport and is part of the Professional Golfers' Association's Grand Slam. Augusta is also the host of the World's Richest Drag Boat Race held on the Savannah River.
More information on Augusta Small Business Loans
Small Business Loans are designed to allow a company to bridge itself between the timing of cash flows of payments it receives and expenses. The primary timing issue involves what are known as accounts receivables - the delay between selling something to a customer and receiving payment for it. Typically Augusta Small Business Loans have a revolving credit limit that fluctuates based on the companies accounts receivables inventory balances as well as raw and finished inventory.
The overall cost of Augusta Small Business Loans is based in part by the payment terms of the invoices. For example, a common payment term is Net 30, which means payment is due in the amount of the invoice 30 days from the date of invoice. Other common payment terms include Net 45 and Net 60 but can be for any time period agreed upon by the business and its customer. The longer the payment time the more you can expect to pay for your Small Business Loans.
Accounts Receivables also known as (A/R) is the transaction that deals with the billing of customers who owe money for goods and services that have been provided to the customer. In most cases invoices are generated after the product has been delivered or service preformed. Purchase Orders and any applicable signoffs typically accompany the invoices.
Augusta Small Business Loans "Factoring"
Factoring is another type of Small Business Loans. Factoring is a financial transaction whereby a business sells its accounts receivable, (invoices) at a discount in exchange for immediate cash.
Factoring differs from most Small Business Loans programs found at local banks. Typically banks place the emphasis of their underwriting decisions on the credit worthiness of the company and its ability to pay back the Small Business Loans. On the other hand Factoring companies place the emphasis on the value of the receivables, not necessarily the firm's credit worthiness or fixed assets.
Factoring is an attractive alternative to typical Augusta Small Business Loans.
Augusta Small Business Loans "Asset based Loan"
An asset-based loan is another kind of Small Business Loans. Basically, it is any kind of lending secured by an asset. In this sense, a mortgage is an example of an Asset based loan. More commonly however, the phrase is used to describe a Small Business Loans to a company or large corporation using assets not normally pledged in other loans. Typically, these loans are tied to inventory, accounts receivable and equipment.
Most companies that offer Augusta Small Business Loans programs will analyze a company's working capital, also known as net working capital or NWC. Working Capital is a financial metric, which represents operating liquidity available to a business. Along with fixed assets such as plant and equipment, working capital is considered a part of operating capital.
Augusta Small Business Loans "The Business Cycle"
In a frustrating cycle, business owners must purchase inventory, then patiently wait until accounts receivable have finally been collected. However, without working capital to sufficiently sustain business until the collection of accounts receivable, many businesses will develop almost immediate cash flow problems. Problematically, this cash flow stresses forces many young businesses to close down: many times these businesses are actually earning revenue, but simply do not have enough working capital to ease the financial stress of time gaps between capital needs and revenue realization. Mercifully, there is a viable solution to these problems of cash flow: that is, a Small Business Loans.
Augusta Small Business Loans are a compelling financial option for maintaining or expanding a company. Small Business Loans are especially attractive in that they offer businesses flexibility: Typically the Loan is for a predetermined amount of funds available for when your business needs them. For this reason, Small Business Loans serve several important purposes: first, they help business owners improve their cash flow, meet payroll, or provide seasonal working capital. At other times, Small Business Loans can allow business owners to have the available funds necessary to purchase important inventory and materials, or to finance accounts receivables. Finally, Augusta Small Business Loans can serve as an important fund upon which business owners can draw in the event of an emergency. Each of these examples bears testament to the long- and short-term possibilities facilitated through Small Business Loans. The accessibility and availability of funds allows business owners to maintain present operations, accelerate growth and expansion, or seize and take advantage of unexpected business opportunities.
There are a few steps usually characterizing the process of obtaining Augusta Small Business Loans. First, most banks and factoring companies typically require the owner's personal promise of repayment in the case of a start-up business. However, if the bank does not feel that an owner's personal guarantee is a sufficient source of repayment, the bank may require personal collateral before agreeing to a loan. In the event of a business partnership, or a corporation with multiple principals, the bank may collateralize this loan from all primary actors involved before approving the Small Business Loans. Next, the participating business must provide the bank financial documents. Finally, most new or growing business usually must offer cash flow projections--including balance sheets and income statements--that project upcoming business, essentially proving the business's ability to repay its loan before receiving a Augusta Business Loan.
For more information about Small Business Loans programs with TCI Business Capital, please call 800.707.4838