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.
U.S. Trade Deficit Widens As Oil Imports Grow
The U.S. trade deficit widened in September as foreign oil prices rose to the highest level in nearly a year, offsetting a fifth consecutive monthly gain in exports. The Commerce Department reported that the deficit jumped 18.2% in September to $36.5 billion. This was the largest deficit since January. Exports increased 2.9% to $132 billion, reflecting stronger sales of American autos, aircraft and industrial machinery. Imports rose 5.8% to $168.4 billion, fueled by a 20.1% jump in oil shipments. Through September, the trade deficit is running at an annual rate of $366 billion, about half of last year's $695.9 billion deficit. Many analysts expect the deficit to climb in the months ahead due to a rebound in imports as demand for foreign goods picks up. However, continued increases in exports should provide support to U.S. manufacturers and the overall economy.
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Date Last Updated: 11/19/2009
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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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