GDP A Little Better Than First Thought
The Commerce Department had better news about economic growth, although not by much. Its revised figures show that the nation's gross domestic product (GDP) grew at an annual rate of 0.9% in the 1Q, up from the 0.6% rate initially reported. But, the modified report indicates the economy is still weak, reflecting caution on the part of consumers and businesses hurt by housing, credit and financial woes. The 1Q figure follows a 0.6% rate of growth in the 4Q. Fallout from the housing crisis continued to weigh down overall economic growth. Builders cut spending on housing projects by 25.5%, on an annualized basis, in the 1Q - the most in 27 years. Consumer spending grew at a 1% annual rate, the slowest rate of growth since 2001, the last time the country was in a recession. One area fueling economic growth was exports, which grew at a 2.8% pace. The falling value of the U.S. dollar has made U.S. exports less expensive to foreign buyers.
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Factoring, Credit and
Economy News
Date Last Updated: 06/02/2008 |
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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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