Invoices Discounting TCE Capital SR ED Tax Credit Financing Factor Invoices Accounts Receivables Funding
TCE Capital - The Cash Flow Experts
Financing Flash  October 2009
 
Recently Financed Transactions

$2 million Invoice Discounting & SR&ED Financing Facility

A textile manufacturer required alternate financing after their existing financiers decided to exit the Canadian marketplace. TCE Capital provided a combined $2 million Invoice Discounting and SR&ED Financing Facility to finance ongoing operations.  Referred to TCE Capital by a financial intermediary.
   
$385,000 SR&ED/NSITC Tax Credit Facility

A Nova Scotia software development company required additional capital to facilitate an acquisition. TCE Capital financed the client’s 2008 SR&ED/NSITC tax credit to allow the client to meet their financing requirements.  Referred to TCE Capital by the client’s Bank.

10 Commandments of Marriage
 

Commandment 1
Marriages are made in heaven. But so again, are thunder and lightning.
Commandment 2
If you want your spouse to listen and pay strict attention to every word you say, talk in your sleep.
Commandment 3
Marriage is grand – and divorce is at least a 100 grand!
Commandment 4
Married life is very frustrating.  In the first year of marriage, the man speaks and the woman listens. In the second year, the woman speaks and the man listens.  In the third year, they both speak and the neighbours listen.
Commandment 5
When a man opens the door of his car for this wife, you can be sure of one thing:  Either the car is new or the wife is.
Commandment 6
Marriage is when a man and women become as one; the trouble starts when they try to decide which one.
Commandment 7
Before marriage, a man will lie awake all night thinking about something you said.  After marriage, he will fall asleep before you finish.
Commandment 8
Every man wants a wife who is beautiful, understanding, economical and a good cook.  But the law allows only one wife.
Commandment 9
Every woman wants a man who is handsome, understanding, economical and a considerate lover, but again the law allows only one husband.
Commandment 10
Man is incomplete until he marries. After that, his is finished.
   
WHAT DOES TCE CAPITAL DO?

TCE CAPITAL’S FINANCING ACTIVITIES FALL INTO ONE OF THE FOLLOWING FOUR TYPES OF TRANSACTIONS.



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.

This is a straight-forward transaction where TCE Capital is the primary funder.


 


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.


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.


SR&ED Tax Credit Financing
•Available to Canadian-controlled private corporations (CCPC) for refundable tax credits up to $1 million.
•Advance rates are typically 70% of the claim. TCE Capital will finance both federal and provincial tax credits.

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.



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