WHAT WE DO

We provide custom-built working capital solutions discreetly, efficiently and cost-effectively to the wireless tower construction, engineering and commissioning industry.

Cash Flow

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Cash Flow

The Network Operators, Tower Companies and Turf Vendors are stretching their payment terms to you. Your employees and vendors, on the other hand, aren’t as patient! We use your customer invoices as security to make working capital available to you within one day of the invoice being approved.

Non-disclosed

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Non-disclosed

While we use your customer invoices as security for our finance working capital available, unlike traditional factoring this fact is never disclosed to your customers.

Fast

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Fast

Efficiency is a key part of our service. We will pay you one day after your invoices are approved by your customer.

Flexible

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Flexible

We understand your business and the tower industry. Our solutions are flexible and tailor-made to match your requirements

WHAT WE DO

We provide custom-built working capital solutions discreetly, efficiently and cost-effectively to the wireless tower construction, engineering and commissioning industry.

Cash Flow

View More

Cash Flow

The Network Operators, Tower Companies and Turf Vendors are stretching their payment terms to you. Your employees and vendors, on the other hand, aren’t as patient! We use your customer invoices as security to make working capital available to you within one day of the invoice being approved.

Non-disclosed

View More

Non-disclosed

While we use your customer invoices as security for our finance working capital available, unlike traditional factoring this fact is never disclosed to your customers.

Fast

View More

Fast

Efficiency is a key part of our service. We will pay you one day after your invoices are approved by your customer.

Flexible

View More

Flexible

We understand your business and the tower industry. Our solutions are flexible and tailor-made to match your requirements

OUR WORK FLOW

CHOOSE

which and what percentage of your
invoices you would like us to finance

Provide

towercap with access to your customer portals in order to verify invoices. No need to speak to your customer

ESTABLISH

an escrow account in the name of your company into which your customers will pay

GET FINANCED

on a non-recourse basis-meaning we take the risk if your customer doesn’t pay

Getting Started

We don’t charge any upfront, due diligence or non-utilization fees.

You complete a simple application form after which we shall visit your business to see your operations and discuss your financing needs. If you are happy with our proposal and your invoices qualify you will sign our short agreement and we can get going.
As simple as that. No fuss.
Unlike a bank we are not restricted by your financial history as to the size of the facility that we can provide. You bring the invoices, we will finance them.

Why Choose Us?

The TowerCap group of companies:

9

YEARS FINANCING HISTORY

$1.4BN

IN FINANCED INVOICES

90+

SATISFIED CUSTOMERS

100%

PROUD NATE MEMBER

9

YEARS FINANCING HISTORY

$1.4BN

IN FINANCED INVOICES

90+

SATISFIED CUSTOMERS

100%

PROUD NATE MEMBER

Who we are

We are an experienced team of finance and telecoms professionals that have been in business since 2011 as part of a group that has $1.4 billion. We have the experience, expertise and understanding of your industry to be able to provide you with a customised finance solution tailored to your needs.

Comparing Towercap to Alternatives

Towercap Ordinary Factoring Bank Loan
Is the factoring disclosed to
your customer?
No
Almost always.
Not applicable.
Do you have to be
profitable?
No
Generally depends on the company.
Yes
Size of the facility:
Up to $10m
It will depend on the factoring
company.
It will be restricted by your profitability
and the security you can provide.
Is each invoice verified
directly with the customer?
No, we use your customer
portal to verify the invoices.
Almost always.
Not applicable.
How much of the invoice can
be financed?
Up to 90% of the face value of the invoice.
Dependent on the company.
Generally up to a max. of 85%.
Not applicable.
Upfront fee.
No
Yes
Facility Fee.
Towercap Ordinary Factoring Bank Loan
Is the factoring disclosed to
your customer?
No
Almost always.
Not applicable.
Do you have to be
profitable?
No
Generally depends on the company.
Yes
Size of the facility:
Up to $10m
It will depend on the factoring
company.
It will be restricted by your profitability
and the security you can provide.
Is each invoice verified
directly with the customer?
No, we use your customer
portal to verify the invoices.
Almost always.
Not applicable.
How much of the invoice can
be financed?
Up to 90% of the face value of the invoice.
Dependent on the company.
Generally up to a max. of 85%.
Not applicable.
Upfront fee.
No
Yes
Facility Fee.
New York Tower Company

This long established and successful tower commissioning company was doing many millions of dollars’ worth of work for most of the networks and many turf vendors. Most of its capital, however, was trapped in its working cycle.

● After being onboarded with TowerCap it accessed a factoring line of $3m which it used to finance the 60- and 90-day invoices of some of its customers;

● This freed $3m of working capital which it was able to utilize to make a strategic acquisition.

California Tower Company

This company spent many years working as a subcontractor for other GCs until it was eventually able to secure direct contracts with a network and an OEM customer. While the margins to be earned from the direct work were far better than sub-contracting, the network and OEM terms made it very difficult to carry out this work.

● When the company first engaged with TowerCap it started with a facility of $150k;

● With TowerCap’s financing it was able to grow its revenues to over $1.5m per month.

Georgia Tower Company

This company was already using a factoring company to finance some of its invoices for a few of its smaller customers that were prepared to sign factoring notices, but it was not able to factor the invoices of its network client as they did not accept the notices.

● TowerCap bought out the existing factoring company and was able to provide its services more cost-effectively;
● TowerCap was able to finance the network invoices on a non-disclosed basis, allowing the customer to significantly increase the amount of work it could take on.

New York Tower Company

This long established and successful tower commissioning company was doing many millions of dollars’ worth of work for most of the networks and many turf vendors. Most of its capital, however, was trapped in its working cycle.

● After being onboarded with TowerCap it accessed a factoring line of $3m which it used to finance the 60- and 90-day invoices of some of its customers;

● This freed $3m of working capital which it was able to utilize to make a strategic acquisition.

California Tower Company

This company spent many years working as a subcontractor for other GCs until it was eventually able to secure direct contracts with a network and an OEM customer. While the margins to be earned from the direct work were far better than sub-contracting, the network and OEM terms made it very difficult to carry out this work.

● When the company first engaged with TowerCap it started with a facility of $150k;

● With TowerCap’s financing it was able to grow its revenues to over $1.5m per month.

Georgia Tower Company

This company was already using a factoring company to finance some of its invoices for a few of its smaller customers that were prepared to sign factoring notices, but it was not able to factor the invoices of its network client as they did not accept the notices.

● TowerCap bought out the existing factoring company and was able to provide its services more cost-effectively;
● TowerCap was able to finance the network invoices on a non-disclosed basis, allowing the customer to significantly increase the amount of work it could take on.

The Team

About Us

Dean Rosenthal

Chief Executive Officer

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Dean Rosenthal

Dean (CPA) is one of the co-founders of Towercap, a Chartered Accountant by profession and dedicated to making financing simple, understandable and transparent. He has extensive lending and telecoms experience and prior to Towercap Dean held both financial and operational roles at a subsidiary of a publicly traded financial services group.

Larry Raff

Chief Financial Officer

 

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Larry Raff

Larry (CPA, MBA, CFA) is responsible for all facets of accounting and financial responsibility at Towercap. Larry has over 20 years’ experience in finance and financial services industries. Before co-founding Towercap Larry served in senior management positions in specialised insurance companies, lending entities and on deal specific project finance.

Saul Gewer

Chief Operating Officer

 

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Saul Gewer

Saul (LLB, Masters of Law) oversees customer engagements and on-boarding and for ensuring that the transition to Towercap funding is carried out efficiently and without disruption to your business’ operations. Saul has a passion for technology and telecoms and before co-founding Towercap he served as General Counsel for a publicly traded telecommunications company.

Dean Rosenthal
Chief Executive Officer
Larry Raff
Chief Financial Officer
Saul Gewer
Chief Operating Officer

Strategic Partnership

New York based City Hall Capital LLC has been a long term strategic investor and funder of TowerCap. David Issroff is the principal at CHC, which was established initially to manage his family interests. CHC has subsequently expanded its operations to develop capability to invest in and manage a wide range of asset classes including a growing property portfolio, focused on the multi-family housing sector. CHC is also invested in the alternative lending sector with extensive exposure to the small business and consumer sectors with the aim of providing financial inclusion to those who have difficulty accessing conventional bank funding. He has extensive experience across a wide range of asset classes and is actively involved in his investment portfolio with his enterprising team at CHC’s primary office in New York. David serves on the boards of various private portfolio investment companies and several non-profit organizations.

Say hello

CONTACT US

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