Houston Firm Offers Loan Alternative for Small Business Bankers

Houston, TX, November 05, 2008 --(PR.com)-- Overextended on credit lines that often were based on home equity, small businesses are increasingly hard-pressed to service debt in an atmosphere of slowing sales. “On top of limiting loans in order to maintain capital requirements, small business bankers have been pressed to tighten credit standards due to general uncertainties associated with a slowing economy” says Joel Rosenthal, Managing Director. "Many small businesses saw the handwriting on the wall months ago and were quick to warm up to the concept of obtaining funding from alternative sources such as Charter Capital.” Mr. Rosenthal suggests that bankers appreciate the synergies gained by referring “difficult to qualify” borrowers to Charter Capital for funding and related factoring services. “While Charter Capital is charged with providing funding to the business through its factoring services, incentives are given to the business referral to maintain its checking and depository business at the referring bank”.

Charter Capital is not a bank or depository. Rather, it is a specialized finance company structured to provide funding and accounts receivable management services to its clients via a process commonly referred to as factoring. Charter Capital's FactorLine services are geared to accommodate small businesses that have difficulty qualifying for conventional commercial bank loans. FactorLine services are intended to be complementary to traditional commercial banking services, leaving the bank free to concentrate on satisfying other relationship-driven services demanded by small businesses, services such as checking, payroll, and personal banking.

Headquartered in Houston, Texas, Charter Capital (http://www.chartercapitalusa.com) provides working capital funding via a process commonly referred to as "factoring of accounts receivable", asset-based lending, and cash flow solutions for businesses nation-wide including: freight delivery and transportation, repair, maintenance and inspection service providers, consulting firms, most other service providers, staffing firms, distributors, wholesalers and manufacturers. Charter Capital also serves business in Dallas, TX; San Antonio, TX; Austin, TX; Atlanta, GA; Albuquerque, NM; Phoenix, AZ; Nashville, TN; Indianapolis, IN; Oklahoma City, OK; and cities nationwide.

###