Businesses looking for the best factoring companies will find that Charter Capital stands apart through proven client relationships and a track record of transforming cash flow challenges into growth opportunities. Our full-service approach combines rapid funding decisions with hands-on guidance from experienced professionals who understand small business needs firsthand. Charter Capital clients benefit from relationship managers who know their accounts personally, financing solutions structured around their specific industry and business model, same-day payments, and competitive rates. Our clients say it best:
- “They have made life much simpler for us with our cash flow.”
- “All in all, this is a first-rate company with which to do business.”
- “Their staff at their office are outstanding.”
- “I expected fast funding. I didn’t expect the extra service that helped me solve my working capital issues.”
- “With Charter Capital, I feel like I have a partner who is looking out for my business.”
What is a Factoring Company?
A factoring company purchases outstanding invoices from a business at a discount, providing immediate cash instead of waiting the standard 30 to 90 days for customer payment. This differs from a traditional loan, since factoring advances funds against work already completed rather than requiring approval based on credit history or collateral. The factoring company then collects payment directly from your customer once the invoice comes due, taking on the responsibility of following up so you don’t have to. For businesses with long payment cycles, this structure turns outstanding receivables into working capital that can be reinvested right away instead of sitting on the books for months.
Is Invoice Factoring for Small Business a Good Fit?
Invoice factoring for small businesses works especially well for companies without the credit history or collateral needed to qualify for traditional bank loans. Newer businesses in particular benefit, since factoring approval depends on customer creditworthiness rather than the business’s own financial track record. This makes it a practical option during early growth stages, when a company may have strong sales but limited time to build the credit profile banks typically require. Because funding scales with invoice volume, small businesses can access more capital as they grow, without renegotiating terms or reapplying for a new facility each time their needs change.
Finding the Best Invoice Factoring Company Near You
Searching for an invoice factoring company near me often leads business owners to national providers who lack local market knowledge. Charter Capital combines nationwide service with the accessibility of a dedicated relationship manager who knows your account personally, giving clients both broad industry reach and a genuine local point of contact. Rather than being routed through a call center or a new representative each time you reach out, you work with the same person who understands your business and your industry. That continuity often matters more than physical proximity, since the value of a local factoring relationship comes from consistent, personal service rather than a nearby office address.
Not Every Invoice Factoring Company Is the Same
At Charter Capital, we are committed to helping entrepreneurs realize their full potential. Headquartered in Houston, Texas, we’re entrepreneurs too, and we understand the challenges you face. Our principals have been providing specialized receivable funding solutions to small businesses across the nation since the late 1980s banking crisis that stifled traditional lending and have served as the financial backbone for thousands of companies.
Charter Capital is a full-service invoice funding company, and we use our expertise and experience to help you grow your business. Our goal is to help you take your company to the next level by delivering business factoring services to get you the financial resources you need to expand, sustain, and operate your business. We strive to give you personalized invoice factoring services with a continuous, flexible source of operating capital that you can use to improve your business and increase your bottom line without incurring any additional debt.
As one of the best factoring companies, Charter Capital is dedicated to providing top-notch service and innovative financial solutions to support your business. We value our clients’ trust in us, and their referrals are the highest compliment we can receive. If you know a business that could benefit from invoice financing services, simply submit a factoring referral. There’s no limit on the number of client referrals you can make, and each successful one qualifies you for a commission. For our professional partners and brokers, our Referral Partner Program streamlines the process even more.
Meet Our Management Team
Gregory L. Brown – Mr. Brown is a native Houstonian. He attended the University of Texas at Austin, where he received a Bachelor of Arts in the Plan II Honors program in 1986. Additionally, he received a law degree from the University of Texas in 1989. Mr. Brown was a founder and executive of First Republic Capital Corp., a Houston-based receivables factoring company, specializing in freight factoring, which was acquired by a major Houston Bank in 1998. He is currently a founder and executive manager of Charter Capital GP, LLC.
Allan D. Rosenthal – Mr. Rosenthal was a native Houstonian. He received his education from the University of Texas at Austin and the University of Houston. Mr. Rosenthal was a founder and Chairman of Sysco Food Services, and later, an executive manager of Sysco Corporation. He also founded and served as Chairman of City Financial Services, Inc., a Houston-based business financing company specializing in accounts receivable financing services. He served as Chairman until City Financial was acquired by a major Houston Bank in 1998. Mr. Rosenthal was instrumental in launching Charter Capital into the 21st Century. Allan D Rosenthal passed away on September 12, 2001. He will be missed by many.
Joel B. Rosenthal – Mr. Rosenthal is a native Houstonian. He received a Bachelor of Arts from the University of Texas at Austin in 1985. Additionally, he received an International MBA (Finance) from the University of South Carolina in 1988. Mr. Rosenthal was a founder and executive of First Republic Capital Corp., a Houston-based factoring company, specializing in accounts receivable factoring, which was acquired by a major Houston bank in 1998. He is currently a founder and executive manager of Charter Capital GP, LLC.
Larry S. Sondock – Mr. Sondock is a native Houstonian. He received a Bachelor of Business Administration from the University of Texas at Austin in 1966. Later, he served as an officer in the U.S. Army in Germany. He then served as vice president of McCane Sondock, a family-owned security services company, known then to be one of the largest independently-owned security companies in the United States until it was acquired by a public company in 1983. Later, he was a founder and vice president of Advanced Telecom Systems, owner and operator of public pay telephones, which was acquired by a public company in 1990. He then was a founder and president of City Financial Services, Inc., a Houston-based invoice factoring company specializing in recourse factoring, which was acquired by a major Houston bank in 1998. He is currently serving as an executive of Charter Capital.
FAQs About Choosing a Factoring Company
How do I compare factoring companies before choosing one?
When comparing factoring companies, look beyond the advance rate to consider contract flexibility, fee transparency, and how quickly invoices are verified and funded. A provider willing to explain its full fee structure upfront, rather than after you sign, is typically a stronger long-term fit than one offering the lowest advertised rate.
What fees do factoring companies typically charge?
Factoring fees generally fall between one and three percent of the invoice value, though exact rates depend on invoice volume, customer creditworthiness, and industry. Charter Capital shares fee details upfront, so businesses know their costs before committing to a factoring relationship.
Does working with a factoring company affect my relationship with my customers?
Factoring companies typically contact your customers to verify invoices and manage collections, but this process is handled professionally and does not disrupt existing business relationships. Charter Capital’s account team works directly with clients to help ensure customer interactions stay positive throughout the factoring relationship.
Do factoring companies require long-term contracts?
Contract terms vary by provider, with some requiring longer commitments than others. Charter Capital structures agreements around each client’s specific needs rather than locking every business into identical terms, so it is worth confirming contract length and flexibility before signing with any factoring company.
How quickly can a factoring company approve my business for funding?
Approval timelines vary by provider, but many factoring companies, including Charter Capital, can provide funding decisions within a day or two once required documentation is submitted. Faster approval typically depends on how quickly a business can supply invoices, financials, and customer information upfront.
