Turn it into a win-win-win: When a business customer is working toward meeting your loan criteria, or isn’t the right fit for your funding solutions, refer them to Charter Capital for working capital liquidity while you retain their depository and other banking relationships.
Help Businesses in Your Community Thrive
We all know how challenging it can be for small businesses to qualify for traditional financing, but even if your bank offers invoice factoring, not everyone will be a good fit. Sometimes, people simply don’t qualify based on the deal size or typical terms. Turning people away can be hard, but you do have an alternative: send them to Charter Capital.
Ensure Your Clients Get the Best Care
With decades in the industry, an A+ BBB rating, and five-star reviews across Google and Facebook, Charter Capital specializes in helping businesses that are not a fit for traditional financing programs through invoice factoring. Your clients will benefit from:
- No Long-Term Contracts
- Instant Approval
- Same-Day Funding
- Competitive Rates
Effortlessly Maximize the Potential of Your Reach
Our Referral Partners traditionally receive a portion of the fees generated through factoring on an ongoing basis, and this remains an option for you. However, we also understand that many banks have policies that exclude bankers from commission-based referral programs. In these cases, we’re happy to earmark commission payments to the charity of your choosing. Select from options like:
- Feeding America
- Rebuilding Together
- St. Jude Children’s Research Hospital
- American Red Cross
- Cancer Research Institute
- Semper Fi & America’s Fund
- Best Friends Animal Society
How Invoice Factoring Works for Your Clients
Factoring provides businesses with rapid working capital, enabling them to thrive.
1. Client Invoices Customers
Your client provides goods or services and invoices their customers on standard payment terms.
2. Client Sells Invoices to Us
Your client sells eligible invoices to Charter Capital, receiving a significant percentage of the invoice value upfront.
3. Remaining Balance Paid
Once their customer pays the invoice, your client receives the remaining balance, less a small factoring fee.
Ready to Empower Your Clients?
Partner with Charter Capital to provide your clients with the liquidity they need to thrive. Schedule a consultation with our banking partnership team today.
FAQs About Our Referral Partner Program for Bankers
Is there a limit to how many people I can refer or how much I can earn?
No. Your earning potential with the Charter Capital Referral Partner Program for bankers is unlimited.
Do I have to keep track of my referrals?
No. We track everything internally and automatically send you reports.
What should I tell my referrals?
We’re happy to provide you with talking points and assets you can share with your referrals. For more information about the program or to request onboarding, contact us.
Will referring clients to Charter Capital impact our bank's relationship with them?
On the contrary, partnering with Charter Capital can strengthen your client relationships. By offering a solution for their immediate working capital needs, especially when traditional options are unavailable, you demonstrate your commitment to their success and provide a valuable service that keeps them within your financial ecosystem.
What types of clients are a good fit for invoice factoring?
Ideal clients are B2B businesses that invoice other businesses or government entities, have healthy profit margins, and need consistent cash flow. This includes growing companies, startups, businesses with seasonal cycles, or those needing capital for large orders, payroll, or expansion.
How does the client referral process work?
Our referral process is straightforward. Once you identify a client who could benefit, tell them a little about us and share their contact info with us. We handle the entire process, keeping you informed and ensuring a smooth experience for your client.
Can factoring be used in conjunction with existing bank financing?
Yes, absolutely. Invoice factoring often complements existing bank financing. For instance, a client might use a bank line of credit for long-term investments while using factoring to manage day-to-day operational cash flow, especially when receivables are tied up.
