PRESS RELEASE: Factoring Company Funds Small Businesses Crucial to Supply Chain

Charter Capital is offering non-loan working capital financing through an accounts receivable factoring program supporting a wider range of small business suppliers than those currently approved by Wal-Mart’s “Supplier Alliance Program.”

November 19, 2009 – Taking its cue from big bank endorsement of Wal-Mart’s “Supplier Alliance Program”, Charter Capital (a specialized provider of Factoring Services) has positioned itself to fund advances to an even wider range of suppliers challenged by the need to extend ever more generous payment terms to their customers like Wal-Mart, Costco and others.
Due to the increasing demand for business credit combined with the sharp decline in the availability of bank loans and increasingly delayed payment remittance from customers, Charter Capital has become a preferred alternative source of funds to small businesses with immediate working capital needs.
For a nominal discount fee, Charter Capital services the funding needs of a wide variety of small to mid-sized businesses (SMBs). Most SMBs at the heart of the US economic recovery still face significant cash flow challenges that Charter Capital is well prepared to meet.
Factoring is an often-overlooked choice for growing businesses. This form of financing (also known as Accounts Receivable Financing) is a financial tool that allows businesses to capitalize on the power of their outstanding invoices. Factoring can be a valuable mechanism to turn a business’ invoices into immediate cash, enabling them to fund business operations.
Small businesses that need an immediate cash stimulus can turn to Charter Capital for an accounts receivable factoring program fits their needs. This factoring company is a direct source of funds and does not involve any third-party lenders.

About Charter Capital

Charter Capital is recognized as one of the hardest working independent providers of accounts receivable financing, invoice factoring and cash flow management solutions for small to mid-sized businesses. They offer a complete line of asset based funding and related financial services. In today's "credit crunch" economy, Charter Capital can be your alternative source for business financing.
Headquartered in Houston, Texas, Charter Capital provides accounts receivable financing and asset-based lending for major industries including freight and transportation, consulting firms, service providers, staffing firms, distributors and manufacturers, medical service providers.
To learn more about accounts receivable factoring call Charter Capital at 1-877-960-1818.