All small and medium-sized businesses need operating cash to carry on with their everyday business functions. There are times when businesses are low on cash and don’t have any funding options to choose from. Banks may say no to loans, so these companies have to find other ways to access cash to keep their operations on track. More and more businesses are using invoice factoring to get quick cash for their business operations when their funds run low.
Businesses can get cash up front against their accounts receivable without any long-term contracts. When a company sells its invoices to a business invoice factoring company, the company is given up to 85% of the face value of the invoices in fast cash for relief within 24 to 48 hours. The invoice factoring service then assumes the responsibility of collecting the full amount of the debt from the customers. The remainder of the invoice then goes to the business, minus 2% to 5%.
Charter Capital provides companies with a steady cash flow when they need it to grow their business. Often, businesses take care of things on their end by paying vendors and payroll, but need to wait a month or two for customers to pay them for their product or service. Charter Capital takes care of the invoice factoring business so businesses can spend their time generating sales and increasing their bottom line.
Charter Capital serves companies in various industries, including trucking, staffing, and manufacturing. Businesses can get the proper amount of cash advanced to them when they choose invoice factoring. This Houston-based company provides invoice factoring for up to 98.5% on the dollar to keep business cash flow at an optimal level. More information about Charter Capital can be found at www.chartercapitalusa.com.
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