In the face of constrained lending by many banks today, Charter Capital announces increased capacity to assist bankers with funding options for small businesses (PRWEB)
Since many small business owners are overextended on credit lines that are often based on home equity, small businesses are having greater difficulty managing their debt in the face of declining sales. Because of the constraints placed on small business bankers, they have been pressured to tighten credit standards because of continued uncertainties in a slowing economy. Because of this, many small businesses have welcomed the concept of obtaining funding from alternative sources like Charter Capital.
Small business bankers may be interested in the additional opportunities to be gained by referring “difficult to qualify” borrowers to Charter Capital for funding and related factoring services. With Charter Capital’s ability to provide the business with vital funding through invoice factoring, the business is given incentives to maintain its checking and depository accounts at the referring bank.
Although Charter Capital is not a bank, it is a specialized finance company designed to provide invoice factoring and accounts receivable management services to its clients. Our services are geared to help small businesses that have difficulty qualifying for commercial bank loans.