Nation's Economy Almost at a Standstill in 1Q
The housing and credit crises took a severe toll on the nation's economy early this year, forcing consumers and businesses to pull back on spending. This was reflected in The Commerce Department's report that the gross domestic product for the 1Q grew at an anemic 0.6% rate, the same rate of growth as in the 4Q. While the news doesn't indicate a contracting economy – as some analysts predicted – it does point to an economy in a rut. What's more, some analysts predict the economy will contract in the 2Q. The housing slump was a big drag on the economy, as builders slashed spending on housing projects by a whopping 26.7%, on an annualized basis, the most in 27 years. Consumers turned much more frugal, as their spending rose at just a 1% pace. That was the slowest rate of growth since 2Q 2001, when the U.S. was wading through its last recession. Soaring energy and food prices are leaving consumers with less to spend on other things. Government spending rose at a 2% pace, which helped the GDP.
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Charter Capital services many industries. Here are just a few of the industries
we are currently financing:
Trucking and Freight
It has never been easier for trucking companies and freight brokers to get cash
with Freight Bill Factoring from Charter Capital. We purchase your freight bills
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 company 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 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 from
Charter Capital can accommodate the working capital funding needs of both new
manufacturing companies as well as those that have been around for years.
Technology Staffing Firms
Service providers such as technology
consulting and staffing firms are great candidates for our FactorLine accounts receivable
funding 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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