This content was issued through the press release distribution service at. Learn the truth about invoice factoring by understanding the common misconceptions. To learn more, visit or call 1-87.įactoring is often misunderstood. Competitive rates, a fast approval process, and same-day funding help businesses across various industries secure the working capital necessary to manage daily needs and grow. Headquartered in Houston, Texas, Charter Capital has been a leading provider of flexible funding solutions for the B2B sector for more than 20 years. Those interested in requesting a free rate quote or learning more can do so by calling 1-87 or. "And, when they partner with a company like Charter Capital that offers very competitive factoring rates, it's an affordable funding solution, too."Īccording to Rosenthal, businesses on the fence about invoice factoring should start with a no-obligation rate quote and learn about the process firsthand. "Most B2B businesses qualify for invoice factoring," Rosenthal contends. For example, people often think that because they have bad credit or have been turned down for a bank loan, their company can't qualify for factoring, or they'll pay high fees. Rosenthal notes that concerns like cost and qualifications are common misconceptions about factoring as well. "The problem is, they don't always realize they've heard one of the common myths, and so they lock themselves into expensive long-term contracts that eat away at their growth potential." "When business owners find out these things aren't true, they're relieved they can get easy and affordable funding," Rosenthal explains. Rosenthal says it's often little misunderstandings that do the most damage, such as when a business owner thinks he must factor all his invoices or will have hidden fees. As bank approvals continue to dwindle and the funding gap grows, the number of businesses turning to less ideal solutions is expected to increase as well. Joel Rosenthal, co-founder and Executive Manager at Charter Capital, says factoring is only utilized by a small percentage of the population, despite the fact that most businesses can benefit from it at one time or another. Austin, Dallas, Houston, Forth Worth, El Paso, or surrounding areas. The full article is available to read at now. Riviera Finance is a Texas invoice factoring company providing the following services for companies in Houston and all cities throughout Texas. Invoice factoring is an ideal way for businesses to quickly get cash in their hands. The company's recent publication "10 Common Myths & Misconceptions About Invoice Factoring" digs into a handful of the myriad misunderstandings its representatives resolve on a daily basis. Having a steady cash flow is essential for your business. 17, 2021 (GLOBE NEWSWIRE) - Leading invoice funding company Charter Capital says small business owners often make funding decisions without fully understanding their options and alternatives.
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