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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.

Pending Home Sales Index Surges

In a sign that the housing market may be getting a spring in its step, the National Association of Realtors said pending home sales jumped considerably in February. The NAR’s index of sales agreements rose 8.2% from January to a February reading of 97.6. January's reading was revised slightly downward to 90.2. The results" may signal the early stages of a second surge of home sales this spring," said Lawrence Yun, the NAR’s chief economist. The index is considered a barometer for future sales activity because there is typically a one-to-two-month lag between a signed sales contract and a completed deal. Home sales were slow during the winter, which was likely due to bad weather and because shoppers were not rushed to meet the deadline to qualify for a government tax credit. First-time buyers can get a tax break of up to $8,000 if they sign a contract by April 30. Existing homeowners can get a credit of $6,500.

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Date Last Updated: 04/08/2010

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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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