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. [...]
CFR is happy to introduce our new intern, Matthew Kives. A native of New Orleans, Matthew is an alumnus of Jesuit High School New Orleans, class of 2017. He is an incoming junior, studying finance at Loyola University Chicago. Matthew enjoys a wide variety of hobbies and interests, ranging from studying the arts and [...]
CFR recently closed a new factoring line of credit with a janitorial service company in the Greater New Orleans area. This company needed access to additional working capital to fund internal growth, but prior credit liens eliminated bank lines as an option. The owner felt lost and almost threw in the towel. However, after [...]
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, [...]
