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Manufacturing Activity Expands in January
The Institute for Supply Management said its manufacturing index climbed to 58.4 in January, compared with 54.9 in December. It was the sixth straight monthly gain and the highest the index has read since August 2004. A reading above 50 signals an expanding sector. The ISM said 13 of 18 industries it tracks were expanding in January, led by the apparel, textile mills and machinery sectors. Its new orders index, a sign of future growth, jumped to 65.9 in January from 64.8 in December. Current production surged to 66.2 from 59.7. Both indexes were at their highest levels since 2004. As their customers need to replenish stockpiles that were depleted during the recession, manufacturers have ramped up production in recent months. The hope is that more production will spur the hiring of more workers, which could hasten the economic recovery.
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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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