Labor Shortages and Cost Increases Tighten Hold on Small Businesses

Tips to Combat Labor Shortages and Increased Labor Costs

Nine-in-ten hiring businesses say finding qualified candidates is a challenge, while the cost of labor sees its greatest hike in 20 years. HOUSTON, December 13, 2022 – Leading invoice funding company Charter Capital says small businesses are feeling especially squeezed by the current labor market. Between…

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A Quarter of Small Businesses at Risk Without Emergency Fund

Small Business Emergency Fund

Millions of small businesses are risking it all by failing to set up an adequate emergency fund, new report shows. HOUSTON, November 8, 2022 – Leading invoice funding company Charter Capital says millions of small businesses across America are shortchanging themselves and putting their companies at…

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Heavy Equipment Financing Shortfalls Creating Barriers for Businesses

Heavy equipment financing

Unable to make large equipment purchases to support growth, small businesses shift focus to alternative funding sources. HOUSTON, October 11, 2022 – Leading invoice funding company Charter Capital says small businesses are recovering and eager to grow but are hitting a wall when it comes to obtaining heavy…

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Digital Transformation Fatigue Impeding Small Business Growth

digital transformation concept in business, disruption

Roughly 70 percent of digital transformation initiatives fail, but savvy businesses can see returns by addressing common barriers. HOUSTON, September 13, 2022 – Leading invoice funding company Charter Capital says digital transformation initiatives across small and midsize businesses are stalling out as a new epidemic of…

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Small Business Owners Seek Relief Amid Rising Inventory Costs

Inventory Financing Options for Small Businesses

As inflation and supply chain issues drive prices up, Main Street explores unconventional inventory funding solutions. HOUSTON, August 9, 2022 – Leading invoice funding company Charter Capital says small businesses are exploring novel ways to fund their inventory purchases as record-breaking inflation rates and supply chain issues continue…

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Slow Payments Putting Small Businesses at Risk for Closure

Dealing with a Difficult Accounts Payable

More than a quarter of small business owners report that B2B payments are now coming in 20-30 days past due. HOUSTON, July 11, 2022 – Leading invoice funding company Charter Capital says more doors on Main Street may soon be shuttered as late payments in the B2B sector…

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Transportation Industry Making Moves to End the Trucker Shortage

Truck Driver Shortage

Facing a deficit of 80,000 truckers, the transportation industry takes aim at pay and policy. HOUSTON, June 15, 2022 – Leading invoice funding company Charter Capital says the transportation industry is making moves to end the trucker shortage. As reported by the American Trucking Associations (ATA), the United…

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Business Owners Turning to Invoice Factoring for Greater Big Picture Focus

Work Smarter

More small and midsize businesses are leveraging the alternative funding solution to operate more effectively. HOUSTON, April 22, 2022 – Leading invoice funding company Charter Capital says more small and midsized businesses are choosing the funding solution with growth initiatives in mind. The company explores the concept in…

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Small Business Owners Grapple With Record-High Inflation Rates

Businessman holding an umbrella protect from problems

With inflation skyrocketing to a 40-year record high, Main Street is turning to price hikes and other measures to cope. HOUSTON, March 22, 2022 – Leading invoice funding company Charter Capital says small business owners are struggling to keep up with record-high inflation rates. Feeling little choice but…

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Business Leaders Find Success by Refocusing on People in 2022

Business Leaders Can Prepare for Success

Experts say business leaders returning to fundamentals of relationship-building and people-focused behaviors to outperform peers this year and beyond. HOUSTON, February 23, 2022 – Leading invoice funding company Charter Capital says 2022 will be a people-focused year for successful business leaders. While recent times have required significant shifts…

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