Feels Like a Recession in Some States
Whether or not the nation as a whole has fallen into a recession, some states have, according to a survey of all 50 state fiscal directors by the National Conference of State Legislatures. By mid-April, 16 states and Puerto Rico were reporting shortfalls in their current budgets as the tax revenue those budgets rely on fell short of estimates. That's double the number of states reporting a deficit six months ago. The NCSL said the news is even worse for the upcoming fiscal year that begins July 1, with 23 states and Puerto Rico already reporting budget shortfalls totaling $26 billion. More than two-thirds of the states said they are concerned about next year's budgets. Some states "have declined so much that they appear to be in a recession," the NCSL report said. On a positive note, states that rely on energy for growth, such as North Dakota, Wyoming and Alaska, are posting surpluses, the report added.
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Factoring, Credit and
Economy News
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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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