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.
Leading Indicators Point to Slow Growth Ahead
The Conference Board’s Index of Leading Economic
Indicators – considered a barometer of future economic
activity – posted its smallest gain in 11 months in
February, signaling slow economic growth for the spring and
summer. The index edged up 0.1% in February, following a
0.3% gain in January. "The indicators point to a slow
recovery this summer," said Ken Goldstein, Conference Board
economist. "Without increased consumer demand, job growth
will likely be minimal over the next few months." Only four
of the index's ten indicators increased in February: the
interest rate spread, real money supply, supplier deliveries
to companies and manufacturers' new orders for consumer
goods.
The hours factory employees worked (impacted by several
blizzards in February), and turbulent stock markets were the
index’ biggest decliners. Consumer confidence and building
permits also sagged, while the number of people filing for
unemployment benefits rose. The Conference Board also
estimated that manufacturers' new orders for capital goods
fell.
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Date Last Updated: 03/25/2010
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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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