Charter Capital
6750 West Loop South, Suite 1010, Bellaire, TX 77401
Primary product: Freight factoring
About Charter Capital
Charter Capital is a privately held factoring company in Bellaire, Texas, in the Houston area, funding businesses since 2001. It funds invoices directly and serves trucking, staffing, oilfield services, manufacturing, security, distribution and consulting firms nationwide, with separate programs for carriers and freight brokers. Fees typically run 1% to 3%, advances reach up to 98%, setup fees are waived, and funding is typically same day once an account is open. It is a member of the IFA, AFA and Secured Finance Network.
Financial Products
- Freight factoring
- Spot (single-invoice) factoring
- Minimum credit facility
- Contact for details
- Maximum credit facility
- Contact for details
Industries Served
Featured Services
- Dedicated account manager
- No long-term contract
- No minimum fees
- No startup fees
- Single-invoice factoring
- Same-day funding
- Free credit checks
- Startups welcome
Standard Terms
| Startup fee | NoneSource, checked 2026-11-05 |
|---|---|
| Contract term | No long-term contractSource, checked 2026-11-05 |
| Advance rates | From 90% |
| Factoring fee | 1%–3%Source, checked 2026-11-05 |
| Minimum volume fees | NoneSource, checked 2026-11-04 |
| Additional fees | Contact for pricing |
| Reserves | Contact for details |
| Recourse | Contact for details |
| Funding speed | Same daySource, checked 2026-11-05 |
* Actual terms may vary. Your quote is set by the company for your volume and customers.
Company profile
Overview
Charter Capital's office is at 6750 West Loop South in Bellaire, a small city inside the Houston area. The legal entity is Charter Capital Holdings LP. The company's reference page names co-founders Gregory Brown and Joel Rosenthal as executive managers. It funds invoices directly. Its site footer notes that it holds a California Financing Law license.
The company's pages describe its age in different ways.
The company says it serves businesses across the United States. It lists Texas cities, Atlanta and Phoenix among its major markets. It offers service in Spanish.
Some pages listed under Sources are Wayback Machine copies saved in May and June 2026; in November 2026 most of charcap.com returned server errors while the homepage still loaded.
Services
- Invoice factoring. Clients choose which invoices to factor and when, according to the homepage. The FAQ says Charter will factor a client's whole customer base if the customers are creditworthy. Customers are notified to pay the factor directly.
- Freight factoring. For trucking companies and freight brokers. Carriers can get a fuel card, which the freight page says is not available in California.
- Recourse and non-recourse. The freight page explains both and says companies "can choose between recourse and non-recourse agreements." It does not state which agreements Charter itself writes, or what a non-recourse agreement covers or costs. The cost page says non-recourse deals usually cost more and can lower the credit a factor extends to riskier customers.
- Collections rebate. The FAQ says clients who help with collections get part of the discount fee rebated. The rebate shrinks as days outstanding rise. The FAQ encourages clients to stay involved in collections to protect customer relationships.
- Account tools. The homepage lists a dedicated account manager, an online invoice submission system and free credit reports on clients' customers. When a customer pays, Charter says it notifies the client the same day.
Industries served
The company names six main groups: trucking companies and freight brokers, staffing agencies, oil and gas service firms, manufacturers, security companies, and service businesses such as consultants and technology firms. Its reference page also mentions wholesale, distribution and machine shops. It works with B2B businesses.
Published terms
| Term | What the company publishes |
|---|---|
| Factoring fee | From 1% of the invoice; most clients 1% to 3% |
| Fee structure | Flat or tiered (example: 1.5% for the first 30 days, then 0.5% per additional 15 days) |
| Advance rate | Typically 90%, up to 98% (cost page); "up to 100%" (homepage); up to 90% for carriers (freight page) |
| Setup fee | Waived |
| ACH transfers | Free |
| Wire transfers | Available; contact for the fee |
| Invoice processing fee | Contact for pricing |
| Collection calls | No extra charge |
| Minimum volume | No required minimum number of invoices (FAQ); minimums "rarely applied" (cost page) |
| Contract length | No long-term contracts (homepage) |
| Termination | "Easy notice termination" (cost page); contact for the notice period |
| Recourse | Freight page describes both; contact Charter for which applies |
| Maximum facility size | Contact for details |
| Funding speed | Usually same day once the account is set up; ACH or wire "usually in 24 hours or less" |
The cost page says pricing depends on monthly volume, the payment history and credit of the client's customers, and invoice size. The company says most businesses with steady volume and creditworthy customers pay between 1% and 3%.
The fee is charged on the full invoice value, not on the amount advanced. The company's worked example uses a $20,000 invoice at 2% with a 90% advance. It shows $18,000 paid up front and $1,600 released when the customer pays, for $19,600 in total.
How to apply
The company says it can give pricing within 24 hours of an inquiry. It says it approves accounts within 24 hours of receiving the application and documents. Once the account is set up, the FAQ says it typically funds the same day the client submits a schedule of invoices.
More factoring companies
Sources
- Charter Capital — Home
- Charter Capital — Official information page (Wayback Machine, June 2026)
- Charter Capital — How much does factoring cost (Wayback Machine, June 2026)
- Charter Capital — Invoice factoring FAQ (Wayback Machine, May 2026)
- Charter Capital — Freight bill factoring (Wayback Machine, May 2026)
Charter Capital
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