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Factory Orders up in February
The Commerce Department reported that factory orders grew 0.6% in February, the tenth gain in the past 11 months. However, it was the smallest gain since August 2009 and followed an upwardly revised 2.5% increase in January. Inventories held by manufacturers grew a modest 0.5%, the government said, a sign that companies are cautious in replenishing stockpiles due to concerns about future sales. The modest gain in inventories indicates that the lift that manufacturing gave to the overall economy in the 4Q is tapering off. Orders for big-ticket durable goods increased 0.6% in February. Machinery orders jumped 5.1%, while orders for commercial aircraft surged 33%. However, orders for motor vehicles and parts declined 1.7%, reflecting continued troubles for the auto industry. Meanwhile, orders for nondurables, such as chemicals, apparel and food, grew 0.3%.
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Date Last Updated: 04/01/2010
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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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