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$150,000 Invoice Discounting Facility
A start up company, in the temporary staffing
services industry, required an Invoice
Discounting facility to ensure that they could
meet their payroll requirements as they
expanded. Debtor non-notification was critical
to the client due to the blue chip nature of
their customer base. TCE Capital was selected
over the competition to provide the financing
due to our ability to fund on a non-notification
basis.
The company was referred by a client of TCE
Capital. |
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Prison versus Work |
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Prison: You spend the majority of your time in a
10 x 10 cell.
Work: You spend the majority of your time in a 6
x 6 cubicle.
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Prison: You get time off for good behaviour.
Work: You get more work for good behaviour. |
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Prison: You can watch TV and play games all day.
Work: You could get fired for watching TV and
playing games. |
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Prison: You spend most of your life behind bars
wanting to get out.
Work: You spend most of your time wanting to get
out and go to bars. |
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Prison: You must deal with sadistic wardens.
Work: They are called managers. |
WHAT
DOES TCE CAPITAL DO?
TCE CAPITAL’S FINANCING ACTIVITIES FALL INTO ONE
OF THE FOLLOWING FOUR TYPES OF TRANSACTIONS. |
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Invoice Discounting (TCE as primary funder)
•Client does not have Bank financing.
•TCE Capital finances the client’s accounts
receivable in order to provide the day-to-day
working capital required to fund operations. |
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This is a straight-forward transaction where
TCE Capital is the primary funder. |
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Bulge Financing
•Client has a Bank operating line margined
against accounts receivable and inventory.
•The operating line is not sufficient to meet
the client’s growth.
•The client has surplus receivables beyond
those required for margin.
•TCE Capital finances the surplus receivables
to generate working capital.
•TCE Capital's security is registered behind
the Bank but TCE has first position on the
purchased receivables.
This is an increasingly popular type of
financing and has been utilized successfully
with all major Banks. |
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Bridge Financing
•Client has a Bank line but their facility has
been reduced or eliminated.
•The company requires a period of time to
successfully negotiate replacement Bank
financing.
•TCE Capital provides replacement funding.
•TCE Capital is now the client's primary funder
and will continue until new Bank financing is
negotiated.
This scenario is also an increasingly
popular form of financing. |
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SR&ED Tax Credit Financing
•Available to Canadian-controlled private
corporations (CCPC) for refundable tax credits
up to $1 million.
•Advance rates are typically 50-70% of the
claim. TCE Capital will finance both federal and
provincial tax credits.
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Contact TCE Capital today at (800)
465-0400 for additional information on working
capital and cash flow funding programs available
through invoice discounting, accounts
receivables factoring, inventory and SR & ED tax credit
financing. |
