Charter Capital is an independent factoring company. It caters to small and medium-sized business customers who experience cash flow issues. The company was founded in the year 2001 and is headquartered in Bellaire, Texas. The privately held company’s product line comprises accounts receivable (AR) financing, invoice factoring, as well as related cash flow solutions.
Several types of businesses operating in many different markets have received invoice factoring service from Charter Capital. The factoring company serves various industries in the United States of America, comprising freight and transportation, service providers, consulting companies, staffing companies, oilfield service companies, distributors and manufacturers.
Invoice factoring refers to the selling of accounts receivable/invoice of a business to another company acting as a “factor”. Invoice is factored by said company to improve its cash flow, as well as to reduce any bad debt. In return for the service, the service provider takes a small percentage of the invoice it factors as a fee. This fee can vary based on the kind of business availing service, how much it is factoring, and other aspects. Charter Capital offers services priced similarly to the fees typical of other factoring companies in the US.