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 Leaves Rates Alone
In what was no surprise, the Federal Reserve kept interest rates at record lows and it pledged to keep them there for an "extended period" to hasten an economic recovery. It kept its target range for its bank lending rate at zero to 0.25%. Unlike its previous meeting, the Fed made no mention about improvements in the housing market, but said it still expects to end a $1.25 trillion program aimed at pushing down mortgage rates as scheduled on March 31. However, it said it remains open to changing that timetable if necessary. Some fear that the end of the program will lead to higher mortgage rates that will dampen home sales and stall a housing recovery. It noted that economic activity has continued to improve, the deterioration in the job market is easing somewhat and consumers are spending moderately. But, it cautioned that high unemployment, stagnant incomes and tight credit could prevent more robust spending that would significantly lift the economy. Commercial banks' prime lending rate, used to peg rates on home equity loans, credit cards and other consumer loans, will remain at about 3.25%. That is the lowest point in decades.
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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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