Credit, Economy and Financial News
Final Estimate Shows GDP Contracted in 3Q by 0.5%
In its final estimate, the Commerce Department reported that the overall economy, as measured by GDP, declined at an annual rate of 0.5% in the 3Q, although analysts think the contraction will accelerate dramatically in the 4Q. Some economists are forecasting that GDP will plunge at an annual rate of 6% for the October-December period. That would be the worst quarterly showing since 1982, though others estimate a 4Q decline of about 4.5%. Consumer spending shrank at a 3.8% pace in the 3Q, the sharpest pull-back since 1980, while investment in equipment and software fell 7.5%, the government reported. Corporate profits fell 0.5% in the 3Q versus a previously reported 0.4% decline. Residential investment contracted at an annual rate of 16% in the 3Q.
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Date Last Updated: 12/30/2008
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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 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 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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