Invoice factoring is a type of financing service that provides funding to businesses.
Why Factor?
Waiting for outstanding invoices to be paid is one of the most frustrating aspects of running a business. If you don’t qualify for traditional small business loans, you face a major cash flow gap between billing your customer and getting paid. And cash flow problems are one of the main reasons for lack of businesses success.
Using Invoice Factoring as a form of business financing is especially important for small businesses, so you can invest in needed equipment, pay vendors, or meet any needed business expense like payroll. The alternative, of course, is to go after your customer for invoice payments and delay everything else while the cash is tied up in the collection process. An invoice factoring agreement guarantees you will see cash for your invoices. At Charter Capital, our simple and easy accounts receivable financing process gives you a debt-free cash flow solution – with no waiting.
Keywords: Invoice Factoring , capital , loan , small businesses.