Credit, Economy and Financial News
Retail Sales Plummet in December
The Commerce Department reported that retail sales fell a whopping 2.7% in December, following a downwardly revised 2.1% drop in November, as the deep recession forced consumers in all income brackets to rein in spending. It was the sixth consecutive monthly sales decline. The decline included a 15.9% drop in gasoline sales due to lower prices at the pump. For the 2008 year, sales slipped 0.1%, the government said, following a 4.1% increase in 2007. Excluding motor vehicles and parts, sales were down 3.1% in December after a revised 2.5% decline in November. This reflected declines at department stores, specialty clothing stores, furniture stores, hardware stores, restaurants and service stations.
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Date Last Updated: 01/15/2009
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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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