What is beneficial ownership reporting? Effective January 1, 2024, the Corporate Transparency Act (CTA) requires certain entities, including many small businesses, to report information about beneficial owners to the Financial Crimes Enforcement Network (FinCEN). A beneficial owner is generally any individual who directly or indirectly owns or controls a certain percentage (often 25% [...]
Cash Flow Resources, LLC (CFR) is pleased to announce the promotion of Ashton Laborde, to Chief Operating Officer (COO). Ashton has spent more than 12 years at CFR understanding client needs and helping them stabilize their cash flow to better control their business. Since joining CFR in 2011, Ashton has worked in [...]
Please note that CFR will be closed on Monday, Christmas Day, December 25. It follows that we will also be closed on Monday, January 1. Enjoy the holidays and be safe.
In November of 2003, Kevin Laborde started Cash Flow Resources (“CFR”), a full-service factoring company. Over the years, CFR has serviced approximately 130 small businesses, deploying over $100 million in working capital. On average, CFR has 10-12 customers at any one time, allowing us to provide them with our undivided attention, specific to [...]
Is factoring or accounts receivable financing right for my business? With this type of financing, a business sells its accounts receivable to a third party at a discount. As with anything, factoring has pros and cons. Factoring Pros: Faster cash flow: Factoring can provide quicker cash flow compared to other forms of [...]
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. [...]
Though a great funding source for many businesses to enhance and support growth, factoring is often viewed negatively because of misconceptions or myths. Factoring is the process of buying invoices to generate cash quickly instead of waiting 30, 60 or 90 days for your customers to pay. It is different than a bank loan, [...]
Recently, Cash Flow Resources closed a $150,000 factoring line of credit to an offshore construction project management company. The company acquired a new customer, and the company's current factor would not agree to certain terms the customer required. Therefore, the company was not able to factor these invoices, which created a shortage of cash [...]
Recently, CFR's President, Kevin Laborde, participated in a Secured Finance Network Factoring Committee to discuss the current business landscape in 2022. Their discussion centered around sources of business, supply chain issues and more. Check out the full story by clicking below to learn what the five panelists think about supply chain or inflation issues [...]
CFR will be closed on Tuesday, 3/1, for Mardi Gras. We will also have limited hours on Friday, 2/25, and Monday, 2/28, due to the city's festivities and traffic congestion. Since it is Carnival Time in New Orleans, here is a little tidbit about Mardi Gras. Since 1872, purple, green and gold [...]
