Oilfield service companies are facing cash flow challenges.
Houston, TX (PRWEB) June 05, 2013
Charter Capital, a leading provider of invoice factoring services, is proud to announce the expansion of Permian Basin factoring lines specifically designed for oilfield service companies working in West Texas and Southeast New Mexico.
“Due to the rapidly expanding growth in oilfield work in The Permian Basin, oilfield service companies are facing cash flow challenges,” said Keith Mabe, Vice President of Charter Capital. “Charter Capital has positioned itself to make funds readily available to qualified small businesses selling products and services in this industry.”
Invoice Factoring is an often overlooked choice for growing companies. 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 line that fits their needs. Charter Capital 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 is an original provider of accounts receivable financing and a facilitator of asset-based lending and equipment financing for major industries including oilfield services, freight and transportation, consulting firms, service providers, staffing firms, distributors and manufacturers, industrial maintenance and repair services.
To learn more about accounts receivable factoring / financing call Charter Capital at 1-877-960-1818 or visit the website at http://www.CharterCapitalUSA.com