Overview
Charter Capital is a privately held invoice factoring company with its office at 6750 West Loop South in Bellaire, a small city inside the Houston area. The legal entity is Charter Capital Holdings LP. The Better Business Bureau lists its business start date as November 7, 2001, and the company's own reference page names co-founders Gregory Brown and Joel Rosenthal as executive managers. It is a direct funder rather than a broker, and it also holds a California Financing Law license, which it notes in its site footer.
The company works with B2B businesses in 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 says it serves businesses across the United States, with Texas cities, Atlanta, Phoenix and others listed as major markets, and it offers Spanish-language service.
One thing to note before going further: the company's age is described inconsistently on its own site. The homepage calls it "America's leading invoice factoring company for more than 25 years," the freight page says it has specialized in freight factoring "for over 30 years," and its reference page and the BBB both give a 2001 start. We go with 2001, which is backed by the BBB record, and treat the longer figures as marketing language.
During our research in November 2026, most of charcap.com returned server errors, although the homepage still loaded. We read the cost, FAQ, freight and reference pages through Wayback Machine copies saved between May and June 2026, and the sources below link to those copies.
Rates, advances and fees
Charter Capital's cost page is one of the more complete fee disclosures we have seen from a small factor. Its key points:
- Factoring fee. Fees start at 1% of the invoice, and the company says most businesses with strong customers and steady volume land between 1% and 3%. The price depends on monthly volume, your customers' payment history and credit, and the size of the invoices.
- Fee structures. It offers both flat-rate and tiered pricing. Its example of a tiered structure is 1.5% for the first 30 days, then 0.5% for each additional 15 days. A tiered fee rewards customers who pay quickly; a flat fee gives certainty.
- Advance rate. Typically 90% of the invoice, and up to 98% in some cases. The homepage separately advertises advances of "up to 100%," and the freight page says carriers get up to 90%. Expect about 90% unless you are told otherwise in writing.
- Other fees. Setup fees are waived, ACH transfers are free, wires are available, there is no extra charge for collecting payments, and minimums are "rarely applied."
The fee is charged on the full invoice value, not on the amount advanced. The company's worked example on a $20,000 invoice at 2% with a 90% advance shows $18,000 paid up front and $1,600 released when the customer pays, for $19,600 in total.
| Item | Charter Capital, as published |
|---|---|
| Factoring fee | From 1%; most clients 1% to 3% |
| Advance | Typically 90%, up to 98% |
| Setup fee | Waived |
| ACH transfers | Free |
| Monthly minimum | Rarely required |
| Collection calls | No extra charge |
What is missing: there is no published fee for wires, invoice processing, credit approvals beyond the "free credit reports" promise, or late-paying invoices beyond the tiered example. The cost page compares Charter to "typical factoring companies" using industry ranges it supplies itself; we treat that comparison as marketing, not as independent data. For a checklist of the fees that often hide in agreements, see our guide to factoring hidden fees.
There is also a client rebate worth knowing about. The FAQ says clients who help with collections get part of the discount fee rebated on a schedule that shrinks as days outstanding rise. That can lower your effective cost if your customers pay quickly.
Contract terms
Charter Capital is clearer than most on exit terms. The homepage says there are no long-term contracts and that clients choose which invoices to factor and when. The cost page describes the contract as "easy notice termination" and contrasts that with annual contracts that carry termination penalties elsewhere. The FAQ adds that you are not required to sell any minimum number of invoices.
That is a good starting point, but the notice period itself is not published. Ask how many days' notice is required, whether there is any fee for leaving inside the first months, and what happens to open invoices and reserves when you leave. The process for moving from another factor is covered in our guide on how to switch factoring companies.
Recourse is the other open question. The freight page explains both recourse and non-recourse factoring at length and says companies "can choose between recourse and non-recourse agreements," but it never states plainly which ones Charter itself writes, or what a non-recourse agreement would cover and cost. The cost page notes that non-recourse deals usually cost more and can lower the credit the factor extends to riskier customers. Treat Charter as recourse until a quote says otherwise, and read our explainer on recourse versus non-recourse factoring.
On customer contact, the FAQ says Charter will factor your whole customer base if the customers are creditworthy and encourages clients to stay involved in collections to protect relationships. Customers are notified to pay the factor directly.
Funding speed and service
The company says it can give pricing within 24 hours of an inquiry and approve 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 you submit a schedule of invoices, and the cost page says funds go out by ACH or wire "usually in 24 hours or less." When a customer pays, Charter says it notifies you the same day.
Clients get a dedicated account manager, an online invoice submission system and free credit reports on their customers, according to the homepage. Carriers can get a fuel card, which the freight page says is not available in California.
BBB rates Charter Capital Holdings A+, lists it as accredited since March 2021 and showed no complaints in the past three years when we checked.
Who it's for
Charter Capital suits:
- Small B2B businesses that want to stay flexible, with no minimum volume, invoice-by-invoice choice and notice termination.
- Texas and Southwest businesses that value a local office and Spanish-language service.
- Small trucking fleets and freight brokers that want same-day funding and a fuel card, though carriers who need non-recourse protection should confirm it is available. See freight and trucking factoring.
- Staffing and oilfield service firms, both named focus industries. See oil and gas factoring and staffing factoring.
It is a less obvious fit for a business that specifically needs non-recourse cover, or for a large company that needs a multi-million-dollar facility; Charter does not publish a maximum facility size.
Pros and cons
Pros
- Published fee range of 1% to 3% for most clients, with a starting rate of 1%
- Advances typically around 90%
- Setup fees waived and ACH transfers free
- No long-term contract, termination on notice and no required minimum
- Same-day funding once an account is set up
- Fee rebate for clients who help collect quickly
- A+ BBB rating and no complaints in three years at the time we checked
Cons
- Its own pages give conflicting accounts of how long it has operated
- Does not clearly state whether non-recourse agreements are offered
- Notice period for termination is not published
- Advance claims vary across pages, from 90% to 100%
- Wire and processing fees are not listed
- Most of the website was down when we checked in November 2026
How it compares
Next to 1st Commercial Credit in Austin, Charter is clearer on contract flexibility but has a narrower product range and no stated non-recourse program. Against Viva Capital Funding, Charter publishes a higher starting fee (1% versus Viva's 0.25%) but far more detail about the rest of the cost. Universal Funding is the closest peer for fee openness, though it requires $25,000 a month in volume where Charter says it has no minimum. Try our factoring cost calculator to compare quotes on a like-for-like basis.
Frequently asked questions
How much does Charter Capital charge?
Fees start at 1% of the invoice, and the company says most qualifying businesses pay 1% to 3%. Pricing can be flat or tiered by how long invoices stay open.
Does Charter Capital require a long-term contract?
No. The company says it has no long-term contracts and allows termination on notice. Ask for the notice period in writing.
How much will Charter Capital advance?
Typically 90% of the invoice value, and up to 98% in some cases, according to its cost page.
How fast does Charter Capital fund?
After setup, the company says it usually funds the same day you submit invoices. Approval typically takes about 24 hours from a complete application.
Is there a minimum volume at Charter Capital?
The FAQ says you are not obligated to sell any minimum number of invoices, and the cost page says minimums are rarely applied.