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.
Fed Keeps Interest Rates Unchanged
As expected, the Federal Reserve kept the target range for its bank lending rate at zero to 0.25%. As a result, commercial banks' prime lending rate, used to peg rates on home equity loans, credit cards and other consumer loans, will stay at about 3.25%. The Fed pledged to keep interest rates at a record low for an "extended period;" a sign that the economy has a long road to recovery. The central bank added, however, that economic activity is brewing and that the housing market also has gained some momentum. But Fed Chairman Ben Bernanke warned that high unemployment and tight credit for many people and companies could hinder the rebound in the months ahead.
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Factoring, Credit and Economy News
Date Last Updated: 11/12/2009
News Feeds
-Charter Capital Factoring Blog on MerchantCircle
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- Small Business and Invoice Factoring News Blog
- Small Business Factoring and Financial News Blog
- Invoice Factoring and Accounts Receivable Financing Blog
- Accounts Receivables Factoring Blog
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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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