

Charter Capital News Releases
- Stephen Ray Joins Factoring Company Charter Capital as VP of Business Development
Houston, Tx — Charter Capital announced today that Stephen Ray has joined the factoring company to further develop their growing ... - 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...
Business Financing and Invoice Factoring News
Stephen Ray Joins Factoring Company Charter Capital as VP of Business Development
Houston, Tx — Charter Capital announced today that Stephen Ray has joined…Golden Times for Those in Skilled Trades
If you’re engaged in the skilled trades, either as an entrepreneur or…What small businesses can do while waiting for SBA loans to be approved after the shutdown
By Gene Marks, for The Inquirer, Philly.co Jan. 28–For five weeks, thousands…Shutdown puts would-be entrepreneurs’ plans on hold
Jan. 22–Long Islanders who can’t get small business loan approvals during the…
Small Business News
- Stephen Ray Joins Factoring Company Charter Capital as VP of…
- Golden Times for Those in Skilled Trades
- What small businesses can do while waiting for SBA loans to …
- Shutdown puts would-be entrepreneurs’ plans on hold
- Gaining Trust (or How to Serve Filet Mignon in an Age of Bal…
- Is the U.S. Economy Slowing?
- Small Business Optimism Remains High Heading into 2019
- Small Business Saturday – More Than a Marketing Slogan, a We…
- Read This Story for a Solution to Your Sales and Marketing P…
- A crucial Tesla financial report is coming. Let’s go u…
Trucking and Freight News
- How fast can California switch from diesel-burning freight t…
- Amazon bets on electric truck maker Rivian [Los Angeles Time…
- Hegins Twp. approves new police officer [Republican & H…
- GM workers to receive profit-sharing payment [The News-Senti…
- Daimler’s profit plummets by almost a third in 2018 [d…
- Enerblu promised hundreds of jobs in Eastern Kentucky. It ju…
- Flat Rock shift cut leaves more than 400 Ford temps unprotec…
- South Portland will have to replace new fire truck that hit …
- Mack Trucks saw surge in orders in 2018. How long will the g…
- Truck maker Volvo reports record revenue for 2018 [dpa, Berl…
Oilfield Services News
- New federal rule will require response teams for possible oi…
- EDITORIAL: Project review, fracking ban mean NM closed to bu…
- Feds give Kinder Morgan green light for next step in Elba Is…
- Schlumberger, Rockwell create joint venture for the digital,…
- Crestone Peak working toward four new well pads in Firestone…
- House panel OKs 10% bump in state spending [Albuquerque Jour…
- Shareholders sign off on $7.7 billion Encana, Newfield merge…
- Houston’s Occidental Petroleum profits soar as U.S. pr…
- Rover spill lawsuit moves slowly through court [The Reposito…
- 1 injured in fire at Metro East refinery [St. Louis Post-Dis…
Credit, Economy and Business Finance News
- Stephen Ray Joins Factoring Company Charter Capital as VP of…
- Regional SBA ‘exceeding’ goals in clearing loan …
- Stocks rise as Fed formally pauses interest rate hikes amid …
- What small businesses can do while waiting for SBA loans to …
- Rep. Joyce Beatty to head new U.S. House panel promoting div…
- Where furloughed, unpaid federal workers can find help
- Shutdown puts would-be entrepreneurs’ plans on hold
- Shutdown leaves small businesses in limbo
- Is the U.S. Economy Slowing?
- Sempra sells off natural gas storage assets for $332 million
Articles of Interest
BUSINESS WEEK
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.