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.
New Home Sales Plunge
New home sales unexpectedly fell to a record low in January, dampening hopes that the housing market is poised for a rebound. The Commerce Department said sales dropped 11.2% to a 309,000 unit annual rate - the lowest level since records started in January 1963 - from an upwardly revised 348,000 in December. Sales fell 6.1% from January 2009. It was the third straight month that new home sales fell. The government report showed the median sale price for a new home fell 5.6% last month from December 2009 to $203,500, the lowest since December 2003. The median sale price was down 2.4% from January 2009. The decline in new home sales is particularly disappointing, given that a home buyer tax credit is available for first time and repeat home buyers. The tax incentive runs out in June. In addition, a Federal Reserve program to purchase mortgage-related securities – to aid the housing market recovery – ends next month.
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Date Last Updated: 03/01/2010
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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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