Companies Using Invoice Factoring Services
Many types of companies have greatly benefited from Invoice Factoring and some businesses in various markets use a factoring service almost entirely. Many companies in different types of industries have an unsteady and unbalanced cash flow due to the nature of their business. They pay employees and suppliers on a regular basis however the cash received from sales comes in less frequently.
Industries That Benefit from Invoice Factoring
Below are just a few examples of the industries for which we provide invoice factoring services. If your industry is not listed below, please feel free to contact us, toll free, at (877) 960 – 1818 or CLICK HERE to complete an online application.
Trucking and Freight Services
Trucking Companies prefer Freight Bill Factoring from Charter Capital because we can meet the demands of these fast moving companies.
Since Staffing Companies often run into cash flow issues in order to meet payroll, Invoice Factoring makes perfect sense.
A readily available source of cash is available to purchase materials, maintain inventory, or expand operations.
Charter Capital has a great deal of experience accommodating the financing needs of Security Companies.
Consulting & Service Firms
Factoring is an ideal cash flow solution for service companies such as professional consulting or technology service companies.
Oil and Gas Services
Charter Capital works with many Oil and Gas Servicing Companies who have gained a competitive advantage with invoice factoring.
Benefits of Factoring Accounts Receivable
While it is often difficult to get a small business loan or qualify for other similar business finance options, Invoice Factoring accounts receivable is definitely an easy way to arrange for funds.
If you decide on invoice factoring, you are actually outsourcing your collections department. This frees up resources to be invested in more productive purposes.
Invoice Factoring allows a company to free up capital tied up in their accounts receivable and makes more working capital available to the company.
Invoice factoring is probably the quickest form of business finance. You don’t need a business plan, a tax statement or any other financial document to get accounts receivable factoring.
Every small business owner experiences the common struggle to attain sufficient capital to finance their business growth and meet working capital shortages. Charter Capital can help.