Invoice & Account Receivable Factoring

One of the most frustrating facets of running a business is waiting for your invoices to be paid. Cash flow problems are also one of the main reasons businesses fail. But, what if you could guarantee you will see cash for these invoices? At Charter Capital, invoice and accounts receivable factoring provide you a debt-free cash flow solution so you do not have to incur debt while waiting for these invoices to be paid.

Invoice Factoring is a form of secured funding that provides businesses with immediate cash by selling their accounts receivable to a third-party invoice factoring company. This form of financing (also known as accounts receivable factoring) is a flexible way of obtaining capital, since the costs of factoring are directly related to the business cycle.

How Does Invoice Factoring Work?

Although it may sound complex, working with factoring companies is fairly simple. Once you are a customer of Charter Capital factoring company, it is easy to factor your receivables for immediate cash. We explain our factoring process with three simple steps: First, your business will invoice your customer as you always have. Then, your business submits the invoices they want to factor to us at Charter Capital. We then wire funds directly to your business, typically within 24 hours or less. Charter Capital waits for the payments from each customer. We act as an outsourced credit department, handling the collection and processing payment on the invoices. This enables your business to grow without the stress of trying to maintain cash flow.

Benefits of Invoice Factoring

There are numerous benefits that businesses can take advantage of when using invoice factoring or accounts receivable factoring. This method of financing acts as an alternative source of business financing and eliminates many of the criteria that companies must face in order to get a traditional bank loan. Although invoice factoring is often referred to as a “factoring loan,” it is not a type of loan. It is a financial transaction between a business and Charter Capital, and therefore does not include a bank.

 

Quick Financing

• Invoice factoring does not require a business plan or tax statements, unlike a traditional bank loan.

Gain Back Your Valuable Time

• Outsourcing your accounts receivable frees up your resources so you can focus on selling, producing and growing your business

Free Up Your Working Capital

• For many companies, a significant amount of capital is tied up in accounts receivable. Invoice factoring coverts these assets into immediate cash

 

Our Invoice Factoring Helpful Resources

At Charter Capital factoring company, we want your business to grow by providing you with the resources you need. We are dedicated to presenting you with the information you need through some of our helpful resources.

Top 10 Reasons to factor invoices
Is Invoice Factoring a type of loan?
How Much Does Factoring Cost?
Small Business Factoring
Invoice Factoring Frequently Asked Questions

 

With small businesses, it is even more important to free up working capital through invoice factoring. The money can be invested into needed equipment, used to pay vendors, or used toward any needed business expense. The alternative, of course, is to go after your customer for payment and delay everything else while the money is tied up in the collection process.

 

Call us toll free at (877) 960-1818 or contact us today to find out how easy it is to set up a Charter Capital FactorLine. One of our account representatives will be happy to assist you.