![]() The lender offers an advance of up to 85% of the invoice value and prides itself on a speedy application process, with most clients receiving an offer within 24 hours of application. Through what it calls selective invoice finance, GapCap allows companies to raise money on upcoming invoices on an ad hoc, contract-free basis, a refreshing change from the binding contracts required by some providers. If you want to use invoice finance occasionally rather than making a firm commitment, then GapCap could be the ideal solution. These reviews praise the company for being friendly, efficient and responsive. Unlike some lenders, Optimum Finance does not have a presence on a customer reviews website but it does have a rating of 4.6 on Google (albeit from 12 reviews). Invoice factoring customers also get access to E3, a real-time online system that means you can monitor your Optimum Finance account and sales ledger 24/7. This compensates Optimum clients in the event that their customers encounter financial difficulties and are unable to pay what they owe. It offers rapid access to up to 85% of the invoice amount, and, for an extra fee, can provide businesses with debtor protection. One key selling point is that, unlike many lenders, Optimum Finance has no minimum turnover requirement, making it a great choice for startups that need extra funding. The team behind Optimum boasts decades of business finance experience, and the lender explicitly bills itself as an SME specialist that offers bespoke solutions to a wide range of UK businesses. This content was issued through the press release distribution service at may have only been founded in 2017, but Optimum Finance has already made some serious waves in the world of invoice finance, and it issued £60.9m of business funding in 2018. 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. The full article is available to read at now. 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. ![]() 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.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |