Industries That Can Utilize Invoice Factoring

Industries That Can Utilize Invoice Factoring

What is Invoice Factoring?

Invoice factoring is a convenient alternative to a traditional bank loan. Whereas bank loans require a long-term contract, factoring gives you the money you need when you need it without any long-term financial obligations. You can also get cash faster through invoice factoring: You’ll usually receive your money within a day or two. Bank loans can take weeks or months to be approved.

At Charter Capital, we work with business-to-government and business-to-business customers. Our clients are often involved in industries such as trucking and freight, manufacturing, security, oil and gas, and consulting. These types of businesses benefit greatly from reliable cash flow that lets them invest in new equipment, meet payroll, or negotiate for better deals with their suppliers.

Invoice factoring is a great option for startup businesses or those who are trying to rebuild their credit. It’s often difficult for these types of businesses to get approved for a bank loan, which is one of the reason most new businesses fail within the first 5 years. As long as your customers have a good credit history, you’ll be eligible for our factoring services. Factor as much money as you need when you need it, and watch your business grow!

Charter Capital has extensive experience working with large and small commercial businesses in a variety of industries. Whatever your needs, we’re here to help. Our goal is to provide your business with the cash it needs to realize its full potential.

Apply online for invoice factoring for your business, or give us a call to find out if you’re eligible. You can get paid in as little as 1 to 2 days and put that cash directly into your business wherever it’s needed most. There are no long-term contracts or hidden fees, so you can enjoy complete financial freedom as your business continues to flourish.

Sr. Vice President of Operations at Charter Capital, a leading invoice factoring company for small to mid-sized businesses. Headquartered in Houston, Texas, Charter Capital provides accounts receivable financing and asset-based lending for major industries including freight and transportation, consulting firms, service providers, staffing firms, distributors and manufacturers, an oil and gas service companies.