PRESS RELEASE: Charter Capital Forms "Rapid
Response" Business Unit to Provide Factoring Services to
Financially Underserved U.S. Small Businesses
Financial Services Company Increases Available Funds and Service
Capacity Aimed At Accommodating Urgent Needs Of Increasingly Diverse
Small Business Enterprises.
HOUSTON, TX - May 20, 2007 - Charter Capital, recognized as one of
the most flexible providers of working capital to small and mid-sized
businesses, announced today the formation of a special businesses unit
designed to provide working capital funding and related financial
services to increasingly underserved small business enterprises. A
unique feature of the new department is its emphasis on bilingual
capability. Dana Santiago recently joined Charter Capital as a business
development officer.
Before joining Charter Capital, Ms. Santiago spent several years in the
banking industry. At Wells Fargo and Bank One, Ms. Santiago specialized
in satisfying the commercial and private banking needs of Latino
business enterprises and Latino owners.
"The Rapid Response Business Unit exemplifies our commitment to
diversity and to satisfying the financial needs of certain underserved
business segments," said Director of Operations, Keith Mabe.
The number of Latino-owned businesses in the U.S. is expected to
increase by more than 50 percent by 2010, according to estimates by
HispanTelligence®. This increase is expected to produce more than $465
billion in total revenues for the market by 2010. By 2050, according to
the most recent U.S. Census Bureau projections, Latinos will make up
nearly one-fourth of the nation's population.
Headquartered in Houston, Texas, Charter Capital
(http://www.chartercapitalusa.com) provides accounts receivable
financing (also known as factoring) and asset-based lending for
businesses nation-wide including: freight and transportation, medical
service providers, consulting firms, service providers, staffing firms,
distributors and manufacturers. Charter Capital also serves business in
Dallas, TX; San Antonio, TX; Austin, TX; Atlanta, GA; Albuquerque, NM;
Phoenix, AZ; Nashville, TN; Indianapolis, IN; Oklahoma City, OK; and
cities nationwide.
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