CFR closed a new $750,000 factoring facility for a full-service inspection, engineering, and consulting company. We learned about this company from a banker referral source. Our new client is a start up operation with a large opportunity to provide engineering support for pipeline inspections; however, it lacked the capital to take on the new work. [...]
Have you ever wondered what is factoring or even heard of it? Factoring, also known as invoice buying or accounts receivable factoring, accelerates your working capital and gets you the funds you need fast. Factoring is a funding tool in which a factoring company, such as Cash Flow [...]
Cash Flow Resources closed a new $200,000 working capital facility for a Louisiana based specialty concrete contractor. This client started using CFR funding to manage the seasonality inherent in their business. In addition to funding, the client engaged CFR Consulting for accounting services to better manage cash flow. The company had difficulty managing vendor payments, [...]
The first new deal included a $250,000 working capital facility for a Louisiana based company providing field personnel for the oilfield service industry. This client learned about CFR from their local banker. The company was a start-up, had too much debt and the majority owner was not willing to inject anymore equity into the company. Given all these [...]
