Factoring Company in Austin, Texas

Are you looking for an Austin factoring company? Thanks to a strong regional infrastructure and a superb pool of talent, Austin is recognized as a top destination for corporate headquarters and supporting facilities.

Industries in Austin That Use Accounts Receivable Factoring

City of Austin, Texas in the evening
Austin, TX

As a leading invoice factoring company, Charter Capital has experience in just about every commercial industry. Some of the sectors in Austin that use the services of an accounts receivable factoring company include:

  • Advanced manufacturing
  • Clean technology
  • Corporate HQs and regional offices
  • Creative and digital media technology
  • Data management
  • Financial service and insurance
  • Biotechnology
  • Space technology

Invoice Factoring Process

If your business is looking for a simple, flexible lending alternative to obtain working capital, invoice factoring may be just the solution. When your cashflow is hindered by outstanding invoices, a receivables factoring company can buy the invoices for a percentage of their total value and then take responsibility for collecting the payments.

It’s as easy as 1-2-3:

  1. Invoice your customers as you normally would.
  2. Submit the unpaid invoices to an invoice factoring company.
  3. Get your money advanced – usually on the same day.

About Austin

Capital of the State of Texas and the 11th largest U.S. city, Austin’s metropolitan area has a population of over 2.2 million.

The affordable cost of living in Austin is below the national average and significantly lower than many major markets. There is no personal state income tax, contributing to a state and local tax burden that is 18% lower than the national average.

Climate

The climate is characterized by long, hot summers and short, mild winters. Spring and fall are warm transitional periods. Rainfall is evenly distributed throughout the year, with the heaviest downfalls occurring in May, June, and October respectively.

History

Initially, the nomadic tribes of Tonkawas, Comanches, and Lipan Apaches lived along the creeks in the bend of the Colorado River.

Spanish missions were set up in the area in the late 1700s, while the 1830s saw the arrival of the first Anglo settlers who named their hamlet Waterloo. In 1839, the village was selected as the permanent capital of the Republic of Texas and renamed in honor of Stephen F. Austin, father of the Republic of Texas.

When the 1842 Mexican invasion threatened Texas, the government moved to Houston. Austin residents staged the Archive War, forcibly keeping government records to retain Austin as the capital. Texas was admitted to the United States in 1845, and the government returned to Austin.

Thanks to the Houston and Texas Central Railroad and the 1871 construction of a proper bridge across the Colorado River, Austin thrived as a trading center. The Great Granite Dam on the Colorado River in 1893 boosted the economy as it provided hydraulic power to generate electricity.

Economy

Austin has established a diverse, creative, and innovative environment that contributes to a unique way of life. The thriving economy has drawn entrepreneurs, startups, growing companies, and tech giants.

As a major high-tech center, the Austin region (nicknamed Silicon Hills in the 1990s) is home to the headquarters of many technology corporations. With thousands of students graduating from the engineering and computer science programs at the University of Texas at Austin, the city boasts a concentration of highly educated millennials – earning it the epithet of the “Human Capital.”.

The technology sector is innovating manufacturing, especially clean energy such as wind turbine manufacturers, system integrators, and solar companies. It is a perfect environment for life sciences companies, creative and digital media, data management businesses, and space-based enterprises.

Recent successes such as Charles Schwab, Dimensional Fund Advisors, and PIMCO have bolstered Austin’s financial services industry appeal. Over the years, Austin’s appeal as a city to work and live has attracted companies looking to establish corporate and regional headquarters. Examples include Apple, Dell, eBay, National Instruments, and Whole Foods.

Business Resources

The Austin Chamber is a membership organization that helps create jobs so people can find work and provide for their families. Members are local businesses that are invested in developing their business, growing our economy, and strengthening our community.

The Austin Independent Business Alliance promotes locally owned businesses and provides marketing, educational, and networking opportunities.

The Small Business Development Program, sponsored by the Austin city government, provides information and support to those starting, running, or expanding a small business, such as a restaurant or shop, in Austin.

BiGAUSTIN has, for over 25 years, focused on small business and workforce development to build healthy, sustainable communities.

The Small Business Development program provides counseling and development assistance to Austin’s small business owners.

Call us toll- free at 1-855-751-7937 or contact us today to find out how easy it is to set up a Charter Capital Receivables Funding Line. One of our account representatives will be happy to assist you.