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.
GDP up 5.6% in Final 4Q Estimate
In its third and final estimate of 4Q economic activity,
the Commerce Department reported that the nation’s gross
domestic product surged at a 5.6% annual rate, down from
prior estimates of 5.9% and 5.7% growth. Many analysts note
that, while the economic surge in the 4Q points to a
recovery, growth in the 1Q will come in considerably lower.
The reason behind the 4Q surge was a boost in factory
production as businesses sought to replenish depleted
stockpiles. Businesses in the 4Q boosted spending on
equipment and software at a pace of 19%, the most in 11
years. Also, foreigners snapped up U.S.-made goods and
services at an increased pace of 22.8%.
However, consumer spending grew a modest 1.6%, weaker
than the government’s prior estimate and down 2.8% from the
3Q. Since business spending will not be as robust as it was
late last year, increased consumer spending will be needed
to maintain the 4Q’s rate of growth. While spending has
improved in the 1Q, that isn’t likely. Analysts are calling
for GDP to grow at a 2%-3% annual rate in the 1Q.
Return to:
Credit, Economy and Business Finance News
Date Last Updated: 04/01/2010
News Feeds
-Charter Capital Factoring Blog on MerchantCircle
- Factoring Accounts Receivable Blog
- Factoring My Invoices Blog
- Small Business and Invoice Factoring News Blog
- Small Business Factoring and Financial News Blog
- Invoice Factoring and Accounts Receivable Financing Blog
- Accounts Receivables Factoring Blog
- Factoring and Finance Blog for Business
|
 |
|
|
|
|
|
|
|
|
|
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.
|
|
|
|
