Charter Capital News Releases
- 10 Common Myths & Misconceptions About Invoice Factoring
“Beware of the half-truth,” as the saying goes. “You may have gotten hold of the wrong half.” While the quote ... - 10 Keys to Delivering Great Customer Service
When was the last time you had a really great customer service experience with a company? The type that leaves ... - How to Improve Your Accounts Receivable Process
Whether you’re struggling with accounts receivable process issues or simply want to improve the financial health of your business, you ...
Business Financing and Invoice Factoring News
Small Business News
- 10 Common Myths & Misconceptions About Invoice Factorin…
- 10 Keys to Delivering Great Customer Service
- How to Improve Your Accounts Receivable Process
- How a Cash Conversion Cycle Works & Calculating the CCC
- QuickPay vs Factoring: What’s the Difference?
- Five Ways Invoice Factoring Services Can Help Grow Your Busi…
- 11 Ways Small Business Owners Can Reduce Tax Preparation Str…
- Why You Shouldn’t Overlook Other Financing Options Just Beca…
- Important Questions to Ask Before Signing a Factoring Agreem…
- When to Consider an Invoice Factoring Service Instead of a B…
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 …
- The 21st Century Trucker is as Much a Digital Jockey as a Ro…
- Texas’ Strong Economy, Pro-Business Attitude Make It a Top S…
Credit, Economy and Business Finance News
- How a Cash Conversion Cycle Works & Calculating the CCC
- How to Finance an IRS Business Lien by Factoring
- How Do You Know Your Clients Won’t Leave You with Unpaid Inv…
- Bottom Line: Prepare Now for the Next Downturn
- Considering Online Funding? Don’t Get Played for a Sucker
- Tired of Striking Out with Banks, Small Businesses Find Alte…
- Is the U.S. Economy Slowing?
- Five Trends That Could Affect Your Small Business by 2020
- Is Brick-and-Mortar Dead? Hold Up on That Obituary
- Made in America: Real Progress or Manufactured Hype?
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.
