"Smaller Lenders Feeling Squeeze Of Credit Crunch"
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The Wall Street Journal
Factoring from Charter Capital is your
Alternative when lenders say "No"
As banks continue to "tighten up" their lending practices due to
continued pressure from federal and state bank examiners, small
business owners are finding in increasingly difficult to secure the
financing they need to grow their business.
The Difference Factoring Makes
An increasingly popular way that small business owners secure
capital for their growing business is factoring.
Factoring (also known as Accounts Receivable Financing)
is the practice of selling your accounts receivable (invoices) at a
discount to another company like Charter Capital. You immediately
get the money from Charter Capital and we collect on the invoices.
It is important for small business owners to know that factoring
is not a loan and will not show up as debt on the company’s balance
sheet.
With factoring, you are free from many of the restrictions placed
upon your business by traditional bank financing such as loans or
lines of credit. Most importantly,
with factoring, you are free to grow without having to give up
equity or control of your business. This is
because factoring your Accounts Receivable is technically the sale
of an asset, and the funding you receive from us is not debt, but a
cash asset.
In today's competitive marketplace, getting
debt-free funding in the form of factoring can give businesses the
edge they need to succeed.
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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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