GDP Growth Revised Up
The nation's 1Q gross domestic product was upwardly
revised to show a 1% annual rate of growth, the Commerce
Department reported, as U.S. exports were higher than
previously thought. The 1% growth rate was slightly better
than the government's previous estimate of a 0.9% growth
rate and it was an improvement from the 4Q's feeble growth
rate of 0.6%. Nevertheless, the 1Q performance revealed a
weak economy, hurt by the housing and credit crises, that
has made people and businesses more cautious in their
spending and investment. Consumer spending, a major
component national economic activity, grew at a pace of just
1.1% in the 1Q. Proof that the housing slump drags on,
builders slashed spending on housing projects by 24.6% on an
annualized basis. One bright spot was exports, which grew at
a 5.4% pace, much stronger than previously estimated.
Return to:
Factoring, Credit and
Economy News
Date Last Updated: 06/26/2008 |
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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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