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Credit, Economy and Business Finance News

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 Recovery Shaky as New Home Sales Dip

Existing home sales fell sharply for the second straight month in January, another sign that the housing market's recovery is wobbling. The National Association of Realtors said sales fell 7.2% to a seasonally adjusted annual rate of 5.05 million. It was the weakest showing since last June. Sales declined nationwide, with the biggest drop - nearly 11% - in the Northeast. Sales fell about 7% in the South and Midwest and more than 5% in the West. The median sales price of an existing home was $164,700, unchanged from a year earlier and down 3.4% from December. Analysts are hoping that an extension of the government’s tax credit for home buyers to April 30 will spur a buying surge in the spring.

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Date Last Updated: 03/03/2010

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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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