Charter Capital - Factoring Made Simple
Today:
Charter Capital Home About Charter Capital Contact Charter Capital Factor Your Invoices - Apply Today! Factoring, Financial, and Small Business News Factoring Brokers Industries Factored Factoring FAQ

Credit, Economy and Financial News

Consumer Borrowing Slows Dramatically

The Federal Reserve reported that consumer borrowing declined by $15.7 billion in April as U.S. households reigned in spending and put away their credit cards amid the recession. In percentage terms, consumer credit fell at an annual rate of 7.4%, following a 7.8% drop in March. The two declines were the largest since an 8.1% decline in December 1990. The April decline was the second largest ever in dollar terms following March's drop of $16.6 billion. The category that includes credit card debt dropped at an annual rate of 11% in April, following an 11.2% plunge in March. Auto loans and other non-revolving credit fell at an annual rate of 5.3%, following a 5.8% decline in March. Households have been boosting savings in the face of huge declines in home values and investment holdings.

Return to: Factoring, Credit and Economy News

Date Last Updated: 06/10/2009

News Feeds
Invoice Factoring Blog - Charter Capital Blog on MerchantCircle
Invoice Factoring Blog - Factor My Invoices Blog
Invoice Factoring Blog - Small Business and Invoice Factoring News Blog
Invoice Factoring Blog - Small Business Financial News Blog

 

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.

Factoring Home | About Charter Capital | Contact Us | Factoring Application | Factoring News | Brokers | Industries Factored | FAQ

Free Business Internet Web Directory - Googleocity.com