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Weak Demand for Oil Pushes Trade Deficit Down Significantly

The U.S. trade deficit plunged to its lowest level in five years in November as the lingering recession cut demand for oil by a record amount. The Commerce Department reported that the deficit fell to $40.4 billion in November, a 28.7% drop from $56.7 billion in October. The decrease left the deficit at its lowest level since November 2003. The deficit through November is running at an annual rate of $688.2 billion, down from the 2007 imbalance of $700.3 billion. The 2007 deficit represented the first decline after five years of record highs. The deficit is expected to fall further in 2009 as the weak economy saps demand for imported goods.

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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 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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