Connect to today’s credit, economy and business finance news from Charter Capital. Get breaking news, updates and reporting on industry news providing small businesses with up-to-date financial information and resources.
Economy Grows in 3Q with Government Help
The economy grew at a 3.5% pace in the third quarter, the Commerce Department said, the best showing in two years, fueled by government-supported spending on cars and homes. It was a solid indication that a recovery is underway and that the Great Recession has technically ended. However, many analysts expect the pace of the recovery to be slow due to rising unemployment and weak credit, while others have not ruled out a double-dip recession. The gain in the 3Q's gross domestic product ended the streak of four straight quarters of negative GDP. Consumer spending on big-ticket manufactured goods soared at an annualized rate of 22.3% in the 3Q, the most since the end of 2001. The jump largely reflected car purchases spurred by the government's Cash for Clunkers program. Spending on housing projects jumped at an annualized pace of 23.4%, due in large part to the government's $8,000 tax credit for first-time home buyers. 3Q activity also was helped by increased sales of U.S.-made goods to consumers overseas and by U.S. businesses, which increased spending on equipment and software at a 1.1% annual rate.
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Date Last Updated: 11/04/2009
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Charter Capital services many industries. Here are just a few of the industries for which we are currently providing business financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get financing with Freight Factoring from Charter Capital. We purchase your Freight Invoices
and fund you within 24 hours, so you don't have to wait to get paid.
Staffing Firms
We can help you grow your staffing business with unlimited payroll funding, whether you're a start up or a multi-million dollar temp-staffing agency. Our clients provide staffing for various industries including Professional, Office Services, Medical, and Manufacturing.
Security Firms
Demand for security services in the USA is on the rise. Be financially prepared to gain your share with a FactorLine business financing facility only from Charter Capital.
Manufacturing
If your business is a manufacturing plant, distributor, packaging company, or any business that invoices to credit worthy customers, then a FactorLine financing facility from Charter Capital can accommodate the working capital funding needs of both new
manufacturing businesses as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology consulting businesses and staffing firms are great candidates for our FactorLine accounts receivable financing service, enabling you to increase your cash flow without the need for bank loans. We are always adding new industries and will consider factoring service providers in any industry.
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