Charter Capital News Releases
- Charter Capital Increasing Funding Options for Big Box Suppliers
Charter Capital increases access to working capital funding for small suppliers to big box companies like Walmart. Read More...
- Charter Capital Launches New Website
Charter Capital continues to expand its Internet reach with the introduction of its mobile enabled Web site redesign. Read More...
- Charter Capital Re-Launches Staffing Factoring Program
Staffing company owners can now benefit from Charter Capital’s staffing invoice factoring program. This factoring program was created to address ...
Business Financing and Invoice Factoring News
It’s Small Companies, Not Big Business, That Create JobsExxon Mobil. WalMart. JPMorgan Chase. Coca-Cola. General Motors. You’ve no doubt heard…
Recovering Your Business After the DisasterHouston and the Texas Gulf Coast have always been proud of their…
Small Business Oilfield Service Companies Could Benefit from Recent Oil & Gas UpswingPredictions about the near-term future of the oil & gas industry are…
Survey Says Small Business Owners Most Confident Since 2002Not only is it National Small Business Week (April 30 – May…
- It’s Small Companies, Not Big Business, That Create Jobs
- Recovering Your Business After the Disaster
- Small Business Oilfield Service Companies Could Benefit from Recent Oil & Gas Upswing
- Survey Says Small Business Owners Most Confident Since 2002
- National Small Business Week
- Texas Trucking Show 2017
- Robot Trucks Could Boost Highway Safety and Overcome Driver Shortage
- Amazon’s Proposed “Uber-for-Trucking” Platform Could Speed Industry’s Growing Momentum
- Could the Trans-Pacific Partnership Be a Key to Renewing America’s Entrepreneurial Spirit?
- Things Every Entrepreneur Needs to Know
- The driverless revolution may exact a political price [Tribune Washington Bureau :: BC-AUTO-DRIVERLESS-POLITICS:TBW]
- Are Electric-Hybrid Trucks the Answer to California Port Pollution Problem? [Government Technology]
- Former Pilot Flying J staffer implicates ex-president Mark Hazelwood in fraud scheme [The Knoxville News-Sentinel, Tenn.]
- Houston Chronicle Chris Tomlinson column [Houston Chronicle]
- ‘We were the inside girls,’ former Pilot Flying J staffer testifies in fraud trial [The Knoxville News-Sentinel, Tenn.]
- Stark Heritage: Interstate 77 connects Stark County to world [The Repository, Canton, Ohio]
- Former Pilot Flying J staffer who struck plea deal resists labeling deceit, fraud a crime [The Knoxville News-Sentinel, Tenn.]
- Sarasota considering new rules for truck routes [Sarasota Herald-Tribune, Fla.]
- Former Pilot Flying J executive ruled out defrauding U.S. Postal Service as too risky [The Knoxville News-Sentinel, Tenn.]
- BRIEF: Groendyke places at national truck safety contest [Enid News & Eagle, Okla.]
- 9 Rules of Cash Flow
- Top 10 Reasons For Invoice Factoring
- Small Biz Tax Incentives in Fiscal Cliff Deal
- Two Reasons to Avoid Venture Capital
- US Manufacturing Output Up On Natural Gas Boom
- Giving up Tax Breaks for Lower Rate
- Intuit: The Top 5 Tax Mistakes Small Businesses Make
- Businessweek: Strategy for Business Owners as Tax Cuts Near Expiration
- Cash Crunch Lingers On
- Business Lending to Tighten with Wind-Down of TARP?
Articles of Interest
A recent Business Week article has some excellent tips for small businesses about managing cash flow. One of the suggestions it makes: try invoice factoring. It features the following interesting case study about a small Florida business explaining how a factoring company kept them independent:
Broward Aviation Services of Pompano Beach, Fla., buys and sells commercial airplane parts. So it needs plenty of ready cash to buy before competitors do. That lets it get a better price, too. “If you have cash, the deals come to you,” says Timothy Pine, vice-president and partner in the nine-employee, $7.5 million company. When Pine co-founded the company in 1999, cash was tight and banks turned down his requests for credit. Broward sold its receivables to a factor, GE Capital, immediately receiving about 80% of their value and the rest as GE collected from Broward’s customers. Then Broward could forge ahead without taking on venture capital. Plus, says Pine, “The banks won’t lend to you until you’ve built up a cash record. Factoring allowed us to stay independent.”
THE WALL STREET JOURNAL
A recent Wall Street Journal article has some excellent tips for small businesses about managing cash flow through accounts receivable factoring:
Factoring isn’t for everybody. But for companies that need cash quickly – or don’t want to hassle with banks – it’s one way to go., writes Richard Gibson of The Wall Street Journal.
The article concedes that invoice factoring is a great way for some businesses to get started, because companies with little or no credit history can acquire cash. What most concerns factoring companies is the credit worthiness of the end customer, not the business or its owners.