WHAT WE DO
We provide custom-built working capital solutions discreetly, efficiently and cost-effectively to the wireless tower construction, engineering and commissioning industry.
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.
Efficiency is a key part of our service. We will pay you one day after your invoices are approved by your customer.
OUR WORK FLOW
which and what percentage of your invoices you would like us to finance
towercap with access to your customer portals in order to verify invoices. No need to speak to your customer
an escrow account in the name of your company into which your customers will pay
on a non-recourse basis-meaning we take the risk if your customer doesn't pay
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?
Who we are
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.|
|Minimum charges.||Only on funds borrowed.||Full invoice value.||On funds borrowed, account fees and sometimes non-utilization fees.|
California Tower Construction Company
Unbelievable service from Towercap!
New Jersey Tower Commissioning Company
Towercap provided me with the quickest financing I could find!