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Consumers Borrowed Less in September than in Previous Months

Consumer borrowing grew in September at the smallest pace in five months as the growth in credit card debt and car loans slowed. The Federal Reserve reported that consumer credit rose at an annual rate of 1.8% in September, the slowest since April's 1.6% mark. The Fed said revolving credit, which includes credit cards, rose at a rate of 4.4% in September after an increase of 9.3% in August. But, despite the decline in growth, economists said the 4.4% gain indicates solid growth in this area. Non-revolving loans, which includes auto loans, rose at a 0.3% rate in September, compared with 6.4% in August.

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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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