Raising Capital- If You Want To Raise Cash, Try Factoring
The business landscape is littered with small business owners
who've stumbled in their search for capital. Many requests are
denied. Those who are able to secure more traditional forms of
funding, frequently have unacceptable strings attached. Some
financial deals come back to bite the business owner in the form of
substantial debt, insufficient revenue share or worse.
Raising money is difficult and time consuming, and most small
businesses fail because they run out of cash. Getting additional
capital in smaller chunks will get you the cash your business needs
without risking a loss of equity or ownership.
Factoring may be the answer to many business cash flow issues.
Gaining in popularity, factoring (also known as Accounts Receivable
Financing) is the practice of selling your accounts receivable
(invoices) at a discount to a specialized financial services company
like Charter Capital. You get the money from Charter Capital and we help
you collect on the invoices.
The reason many businesses make this move is to ensure the
continuous flow of cash to the business without sacrificing equity
or incurring debt. Essentially, businesses that use factoring are
focusing on having most of the money now rather than all of it
later. It can take time to collect on an invoice, so when a company
finances its accounts receivable, they are getting their money
faster and without the hassle of the collection process.
With small to mid-sized businesses, freeing up working capital
through factoring can prove to be vital. The money can be invested
into new equipment, used to pay bills, or used toward payroll. Of
course, the alternative is to chase the customer for the invoice
payment and defer everything else while the money is tied up in the
collection process.
The lesson here is: Working capital in-hand today is better than
dashed dreams tomorrow.
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing company with unlimited payroll funding ,
whether you're a start up or a multi-million dollar
temp-staffing agency. Our
clients provide staffing for various industries including Professional, Office
Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared
to gain your share with a FactorLine facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor,
packaging company, or
any business that invoices to credit worthy customers, then a FactorLine from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding service, enabling you to increase your cash flow without the need
for bank loans. We are always adding new industries and will consider factoring
service providers in any industry.
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