TCE Capital has been providing working capital
financing for growing Canadian business since
1992 and has financed dozens of different
industries during that timeframe in every
province within Canada.
TCE Capital is a Funder not a Broker which means
that you will deal directly with decision makers
who will work closely with you, your advisors
and Bank.
TCE Capital will finance Canadian companies that
have issued invoices to Canadian and/or U.S.
customers. Other international receivables will
be assessed on an individual basis and may
require accounts receivable insurance. |
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TCE Capital provides financing facilities
up to $4 million. |
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TCE Capital will respond to a financing
application within 48 hours |
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Initial funding is typically completed within 15
business days. Subsequent funds are advanced
within 24 hours of receipt. |
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Advance rate of up to 90% on accounts receivable |
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Discount rates range from 2.0-2.25% for 30 days.
For facilities $1 million and greater with a
minimum 1 year term, rates as low as 18%
annually are available. |
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TCE Capital assesses its financing charges on a
daily basis and only charges for the actual
number of days that the invoice is outstanding
(from date of advance to date of collection). |
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Funds are advanced on a recourse basis. If the
debtor does not pay the invoice, you are
responsible to reimburse TCE Capital for funds
owing. |
The TCE Capital Advantage: |
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No long term contracts. Facilities are open with
no termination fees. |
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You choose the receivables you wish to finance. |
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Holdbacks are released immediately upon payment
of the invoice. |
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Non-notification structures for qualified
companies. Virtually all factoring companies
purchase receivables on a full-notification
basis. This means that the factoring company
assumes responsibility for issuing original
invoices and handling collection calls. Also,
the debtor must make their cheque payable to the
factor. |
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Under TCE Capital’s non-notification structure,
the client continues to issue the invoice and
handle all collection activities. Payments are
forwarded to the client who, in turn, forwards
the payment to TCE Capital. You maintain control
of the invoicing and collection process. |
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In addition to Invoice Discounting, TCE Capital
also provides financing secured by inventory,
SR&ED Tax Credits and equity in equipment and/or
real estate. |
Transaction Focus:
Client Does Not Have Bank Financing:
TCE Capital will finance companies without an
established track record or companies turning
around operating losses which do not yet qualify
for Bank financing. TCE Capital can provide the
financing to facilitate growth and usher our
client to their initial Bank facility.
Bulge Financing: An excellent
fit for those situations where clients wish to
retain their Bank facility but simply require
additional funding to meet their working capital
needs. TCE Capital will fund assets not margined
by the Bank or excess to Bank requirements. This
additional leverage provides the client with
more working capital and allows them to remain
with the Bank. When the Bank is prepared to
advance additional funds, the TCE Capital
facility is retired until needed again. TCE
Capital’s ability to fund is not constrained by
Balance Sheet ratios and operating line limits.
Bridge Financing: Moving from
one Bank to another is time consuming and
difficult. In some cases, it is virtually
impossible to do without obtaining some form of
alternate funding. TCE Capital provides funding
quickly allowing business owners to focus on
operations rather than financing. This gives
them the time and resources needed to facilitate
an orderly transition.
Contact TCE Capital today at (800)
465-0400 for additional information on working
capital and cash flow funding programs available
through invoice discounting and accounts
receivables factoring. |
