Charter Capital vs. Viva Capital Funding
Both serve freight & trucking and staffing agencies and oil & gas and manufacturing and professional services. Here's how their published terms compare. "Not published" means we couldn't find the figure on the company's own site.
Terms side by side
| Charter Capital | Viva Capital Funding | |
|---|---|---|
| Advance rate | Typically 90%, up to 98% [source] | Up to 100% (minus fee) for freight; up to 98% general [source] |
| Factoring fee | From 1%; most clients 1%–3% [source] | From 0.25% [source] |
| Recourse | Not published | Recourse and non-recourse freight programs [source] |
| Contract length | No long-term contracts [source] | No long-term contracts (per company) [source] |
| Termination fee | Termination on notice (no lock-in penalty advertised) [source] | Not published |
| Minimum volume | No minimum invoice volume [source] | No minimum volume [source] |
| Funding speed | Same day once set up; pricing within 24 hours [source] | Same day available; approvals in as little as 8 hours [source] |
| Fuel program | Fuel card for carriers (not offered in California) [source] | Fuel advances up to 50% of load value; fuel card [source] |
| Credit checks | Free credit reports on customers [source] | Debtor credit checks included [source] |
| Founded | 2001 [source] | 1999 [source] |
| Headquarters | Bellaire (Greater Houston), Texas [source] | El Paso, Texas [source] |
| Advertised features | No long-term contract, Same-day funding, No minimum volume, Free credit checks | Same-day funding, Fuel advances, No long-term contract, No minimum volume, Non-recourse |
Terms are negotiated. The only way to know what you'd pay is to get quotes for your volume and customers.
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