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.
Housing Starts up, Permits Down
The Commerce Department said housing starts grew 2.8% in January to a seasonally adjusted annual rate of 591,000 units, reversing a drop in December. Compared to January 2009, starts surged 21.1%, the largest increase since April 2004. Groundbreaking for single-family homes rose 1.5% in January, after declining 3% in December. Starts for the multifamily segment increased 9.2%, after rising 12.6% in December. The figures suggest that the housing market is slowly crawling out of a deep protracted slump, with the help of government programs that give incentives for home buyers. A true test of housing market strength will come when government incentives are lifted. In addition, building permits, a barometer of future home construction, fell 4.9% to 621,000 units in January after rising to a 14-month high of 653,000 units in December, the government said.
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Date Last Updated: 02/17/2010
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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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