Welcome to Champion Financial Corporation
We provide working capital to small and mid-size companies, through recourse factoring/accounts and receivables financing.
Working capital is critical to the growth and day-to-day management of any business. At Champion, we provide many types of businesses with personalized financing services to meet their individual working capital needs. Our clients benefit by getting necessary capital exactly when they need it.
Recourse factoring-A/R financing allows you to meet the cash flow demands of expansion, new equipment purchases, inventory, payroll, discounting of payables and funds to buy out other shareholders/partners. With Champion’s Recourse factoring-A/R financing arrangement, your accounts receivable becomes a source of ready cash for your company which can in turn increase sales and profitability while keeping vendors satisfied.
Champion uses Factoring with recourse-A/R financing to provide you with immediate capital. When you invoice your customer, we advance on you accounts receivable and provide you with cash. The amount of cash will determined by established percentages of advance against the accounts. These advance rates are based usually on the quality and turnover of these A/R assets.
Champion is the funding source thereby giving us more flexibility than conventional lenders. We can focus on management, growth potential and collateral rather than on the Balance Sheet. Our client base is comprised of manufacturers, distributors/wholesalers, service and repair businesses such as temporary help agencies, contract freight carriers, courier services, equipment repair and maintenance services. Our guidelines for prospective clients include companies that are new rapidly growing, turnarounds, in Chapter XI and highly leveraged.
Champion is the daily service center for your account. You will get a personalized service representative to meet your individual working capital needs.