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Nation’s GDP Gets Boost as Businesses Boost Inventories
Providing further evidence that the protracted recession is over, the Commerce Department reported that the nation’s gross domestic product grew at a 5.7% annual rate in the 4Q, the fastest rate of growth since the 2003 3Q. It was the second straight quarter of economic growth, following a record four quarters of economic decline. Still, the growth at the end of last year was primarily fueled by companies refilling depleted stockpiles, a trend that will soon fade. The report also provides an upbeat end to an otherwise dismal year: The nation's economy declined 2.4% in 2009, the largest drop since 1946. 4Q economic growth exceeded expectations mainly because business spending on equipment and software jumped 13.3%, as firms began to rebuild stockpiles depleted by the recession. Excluding inventory changes, the economy would have grown at a 2.2 percent pace, the government said. Consumer spending rose a modest 2%. A steep increase in exports also helped boost growth. The shipment of goods overseas jumped 18.1%, far outpacing a 10.5% increase in imports.
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Date Last Updated: 02/08/2010
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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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