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
Learn to Ride the e-Commerce Wave… or ElseAmazon has unleashed an e-commerce tsunami that has caused waves of disruption…
SpaceX releases amazing real-time video of Falcon Heavy “Starman”SpaceX now has put up a live feed of its somewhat Mars-bound…
SpaceX Falcon Heavy Launch – LiveRelated Story: SpaceX releases amazing real-time video of Falcon Heavy “Starman” Liftoff…
Online Small Business Loans/Cash Advances – Fast Money, But Often with a High PriceAs a small business owner, it’s not news to you that companies…
- Learn to Ride the e-Commerce Wave… or Else
- SpaceX releases amazing real-time video of Falcon Heavy “Starman”
- SpaceX Falcon Heavy Launch – Live
- Online Small Business Loans/Cash Advances – Fast Money, But Often with a High Price
- What’s in Store for Small Business in 2018?
- Oil’s Recent Rise Doesn’t Lift All Boats; Small Firms Still Struggle with Slow Paying Invoices
- 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
- UPS to add new electric delivery trucks to fleet [The Atlanta Journal-Constitution :: BC-UPS-ELECTRIC-DELIVERY:AT]
- Auto sales remain strong as Dayton Auto Show opens [Dayton Daily News, Ohio]
- UPS to add new electric delivery trucks to fleet [The Atlanta Journal-Constitution]
- Brothers transform family trucking business [Albert Lea Tribune, Minn.]
- DELETED: Auto sales remain strong as Dayton Auto Show opens [Dayton Daily News, Ohio]
- Tow-truck company used intimidation, violence to win New York market [New York Daily News]
- Former Amazon executive joins Covenant Transport as chief transformation officer [Chattanooga Times Free Press, Tenn.]
- Truck driving listed as tough job to fill [The Lima News, Ohio]
- Truck bodies builder to open $19M Plainfield factory [Norwich Bulletin, Conn.]
- Ever wanted to drive a truck? Jobs are open, and the government is paying for training [The Modesto Bee]
- 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.