Phoenix is hot, and we’re not just talking about the weather. Although the economy of Phoenix is rooted in five areas, known as the five C’s (copper, cotton, cattle, citrus, climate) there are many economic opportunities in this beautiful city. The Valley of the Sun is constantly evolving, creating new ways to support small business owners and entrepreneurs.
Invoice factoring companies and accounts receivable companies (like Charter Capital) are new resources in Pheonix that provide invoice factoring or accounts receivable financing. Invoice factoring is an alternative source of business financing that can help you overcome many of the obstacles set in place by traditional bank loans. This type of financing happens when you sell an unpaid invoice to a factoring company which will then advance you the invoice amount, minus a transaction fee.
Benefits of Factoring Services for Phoenix Companies
As a leading receivables factoring company, Charter Capital offers invoice factoring services to Phoenix’s vast array of industries. Some of the benefits of working with us are:
- Invoice factoring gets approved much quicker than traditional loans.
- Get money into your account sooner, even before invoices have been paid.
- You can get approved for invoice factoring much easier as they focus more on the customer’s payment history than your credit score, financial collateral, or financing history.
- Saves you valuable time and money with no collateral.
- Focus on more important aspects of your business, such as building stronger relationships with customers.
Invoice factoring is a method that allows businesses to remove the payment delay and allow the money to be immediately reinvested.
Accounts Receivable Factoring/Financing for Small Businesses in Phoenix
For small businesses in the Phoenix metro area, maintaining a steady cash flow is essential, especially when dealing with slow-paying customers and extended payment terms of 60 or 90 days. These delays can create significant challenges for industries we serve, such as trucking, freight, and other B2B sectors. Phoenix factoring companies, like Charter Capital, provide flexible financing solutions, offering immediate cash by purchasing unpaid invoices.
Boost Your Business Cash Flow with Accounts Receivable Factoring/Financing
Invoice Factoring is a flexible and straightforward way to get working capital for your company. We can purchase invoices at a percentage of the total value to help you get cash flowing again.
It is simple and quick:
- Invoice customers the same way as you would normally.
- Send the unpaid invoices to an accounts receivable factoring firm.
- You can get your money in advance – often on the same day.
What is Phoenix Known For?
Phoenix has the highest average temperature in the United States and is widely known for its hot, dry summers and mild winters. Located in the northeastern reaches of the Sonoran Desert, Phoenix experiences a desert climate with extreme weather changes from one season to another. Although it is not as cold in winter as it is in the north, it can freeze occasionally.
However, it is never too cold or uncomfortable. Monsoon rains and lightning are pretty common from July through September. They can be seen in the afternoon, evening, or even overnight. April is the best month for a visit. From sunset to sunrise, the buzz of cicadas can be heard throughout many neighbourhoods.
Historic Landmarks in Phoenix
Phoenix is home to many historical landmarks that will take you on an interactive journey through the city’s rich history. Some of these historical sites include:
- Papago Park, also known as the Phoenix Point of Pride or Tempe Papago Park. This extraordinary desert park boasts a beautiful desert ecosystem with lakes and native cacti species, the main one being the Saguaro Cactus. You can also enjoy many activities like picnics, biking, and hiking.
- Wrigley Mansion, a landmark building atop a 100-foot-high hill rock, is also a major attraction in Phoenix. Built between 1929 and 1931, it is quite a sight with its blend of Spanish and Colonial architectural styles. It is also home to Geordie’s restaurant.
- St. Mary’s Basilica, officially known as the Church of the Immaculate Conception of the Blessed Virgin Mary. It is the first Roman Catholic Church in the upper Phoenix and hosts the largest collection of stained glass work; it is worth a visit.
- Pueblo Grande Museum, a pre-Columbian archaeological site discovered in Phoenix. Here, you will find a platform mound and irrigation canals. It is believed that this area was inhabited by Hohokams, who lived and practiced agriculture there from 450 BC until they abandoned it.
Phoenix is not just a city with a vibrant economy; it’s a community ripe with opportunities for businesses to thrive in sectors like freight, manufacturing, and beyond. In this bustling economic landscape, maintaining robust cash flow is essential for continuous growth and stability. Local factoring companies, such as Charter Capital, are pivotal in supporting this environment by providing swift and reliable invoice factoring services. These services not only expedite cash flow but also alleviate the lengthy delays often associated with traditional bank financing.
