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
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…
National Small Business WeekNational Small Business Week is an event organized by the Small Business…
Texas Trucking Show 2017Get your free tickets to the annual Texas Trucking Show at https://texastruckingshow.com/…
- 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
- Driver Shortage Overblown?
- How to Choose an Invoice Factoring Company
- Tractor-trailer crashes, fires have many asking what can be done [The Kansas City Star]
- Local trucking company was bought. Here is why that matters [The News Tribune (Tacoma, Wash.)]
- BRIEF: Flatbed truck crashes into Euless vet clinic after brake malfunction [Fort Worth Star-Telegram]
- Uber’s going big into trucking business, and nowhere bigger than Texas [The Dallas Morning News]
- Drive-By Truckers play Rock and Roll Hall of Fame this weekend [Advance Ohio Media, Cleveland]
- Keep on Trucking: Is American Freight Standing Still Because of a Truck Driver Shortage? [InsideSources.com, Washington, D.C.]
- California truckers would get fewer breaks under new law [East Bay Times]
- Plan calls for L.A., Long Beach ports to go to zero-emissions technology; cost could hit $14 billion [Los Angeles Times]
- Oakland Raiders DE Khalil Mack signs deal with Mack Trucks [Treasure Coast Newspapers, Stuart, Fla.]
- Khalil Mack’s new endorsement deal was kind of a no-brainer [East Bay Times]
- 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.