Charter Capital News Releases
- How to Maintain Your Work-Life Balance as a Small Business Owner
Are you struggling to maintain a healthy work-life balance as a solopreneur or small business owner? You’re not alone. Out of 40 countries in the OECD… - 5 Reasons to Consider Using a Third-Party Payroll ServiceMost small-business owners consider using third-party payroll services at one time or another. Use this guide to decide if payroll outsourcing is right for you.
- Tips on Valuing a Small Business When Buying or SellingNot sure where to start with a small business valuation? Learn five common methods plus tips to make it easy here.
Business Financing and Invoice Factoring News
- How to Maintain Your Work-Life Balance as a Small Business Owner
- 5 Reasons to Consider Using a Third-Party Payroll Service
- Tips on Valuing a Small Business When Buying or Selling
- 5 Benefits of Connecting and Networking with Other Small Business Owners
- What Are Liens and How Do They Work?
- 7 Cash Flow Management Mistakes Businesses Should Avoid
Small Business News
- How to Maintain Your Work-Life Balance as a Small Business Owner
- 5 Reasons to Consider Using a Third-Party Payroll Service
- Tips on Valuing a Small Business When Buying or Selling
- 5 Benefits of Connecting and Networking with Other Small Business Owners
- What Are Liens and How Do They Work?
- 7 Cash Flow Management Mistakes Businesses Should Avoid
Trucking and Freight News
- QuickPay vs Factoring: What’s the Difference?
- How has the Coronavirus Pandemic Affected Fuel Prices?
- Was 2019 Just a Pothole for Trucking? Or Something More?
- Female Drivers Revolutionizing the Trucking Industry
- The Streets are Paved with Gold for Gear Jammers as America Celebrates National Truck Driver Appreciation Week
Credit, Economy and Business Finance News
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.
