TCI Business Capital provides small businesses with financial assistance by turning their outstanding invoices and other receivables into extra funding for the business. This process is known as invoice factoring. We compiled user reviews from our website and around the web and determined that TCI Business Capital generally has positive ratings. We also cover the loan fees and rates they provide.
Summary of TCI Business Capital User Reviews
What TCI Business Capital does well:
Customers who gave TCI Business Capital positive feedback said that the company’s customer service team is professional and reliable. Users said that the representatives helped them throughout the process and were accommodating with queries.
What TCI Business Capital does not do well:
Customers who gave TCI Business Capital critical feedback said that trying to adjust the original terms can be extremely difficult.
Most Helpful Positive User Review
A customer who gave TCI a 5-star review on Facebook said that he’s very much impressed with the company’s customer service. He mentioned that representatives are always friendly and helpful. He also said that support team has been quick to respond whenever he has any questions.
Most Helpful Negative User Review
A customer who gave TCI a critical review said that the company isn’t very prompt in terms of adjusting credit levels. He said that sometimes they have to wait for a long time to get a positive decision.
TCI Business Capital Pricing
TCI Business Capital’s service fee is approximately 1%-4% of how much you’re factoring for a specific month. Rates can change every month, depending on the invoice amount and your customer’s repayment terms. TCI can send the funds to you via ACH for a $12.95 fee or through wire transfer for $19.99.
|Loan Amount||$50,000 to $20,000,000|
|Recurring Fees||1% - 4% of amount factored per month|
|Interest Rate||2% of loan amount|
|Additional Charges||$12.95 per receivable paid through ACH|
$19.99 per receivable paid through wire transfer
TCI allows small businesses to get advance cash on receivables when they need emergency funding. Their invoice factoring terms are monthly, which means you receive funds from them on a monthly basis.
Useful TCI Business Capital Resources
How to Improve Your Invoice Factoring Application: A Step-by-Step Guide – Learn about the seven ways to increase your chances of getting approved by a factoring company.
What Are the Best Invoice Payment Terms for Your Small Business – In this article, we’ll help you determine what payment terms to set to get paid faster and establish positive relationships with your customers.
Best Factoring Companies 2017: TCI Business Capital vs altLINE vs Paragon Financial Group – Read our buyer’s guide for a comparison of the top factoring companies for small businesses. We compare TCI Business Capital vs altLINE vs Paragon Financial Group to give you an idea of which financing option will work best for your business.
What Invoice Factoring Is & How It Works – Learn about invoice factoring, its costs, and how it can provide immediate cash for your small business.
Best Unsecured Business Loans for Small Businesses 2017 – In this article, we’ll review the best unsecured business loans for borrowers who either can’t or don’t want to pledge personal collateral in order to get a business loan.
TCI Business Capital Video Overview
This video shows how invoice factoring works.