About Shannon Sarrat

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So far Shannon Sarrat has created 59 blog entries.
24 03, 2021

Trevor Laborde Celebrates 1 Year with CFR!

2021-03-24T14:11:41-05:00March 24th, 2021|Categories: CFR, Informative, News|

Congratulations to Trevor Laborde, who celebrates one year working at CFR as a Service Specialist.  On a daily basis, Trevor assists our customers with all their questions and needs.  He is always willing to help another fellow employee to make CFR a better place, including, but not limited to, researching new prospects or dealing [...]

27 02, 2021

Factoring for Staffing Companies

2021-03-19T10:47:42-05:00February 27th, 2021|Categories: Cash Flow, CFR, Factoring, Factoring Receivables, Financial, News|

Factoring is used by companies for many different reasons. One reason to use factoring is lack of working capital due to timing of customer payments. Challenge: A common problem many staffing companies encounter is the timing of cash flow. Many times, companies have weekly payroll; however, their customers pay on a monthly basis. [...]

11 01, 2021

New Law Clarifies and Expands CARES Act Employee Retention Credit

2021-02-11T08:48:40-06:00January 11th, 2021|Categories: News|

The COVID-19 stimulus package signed into law on December 27th contains significant enhancements to the employee retention tax credit ("ERC") enacted under the CARES Act. The ERC is a refundable payroll tax credit that was only available to taxpayers who EITHER 1) had their business fully or partially suspended during at least one quarter in [...]

16 11, 2020

Pros and Cons of Factoring

2020-11-16T13:16:00-06:00November 16th, 2020|Categories: Uncategorized|

When a small business is not able to get a traditional line of credit from a bank, factoring can be a quick and easy solution.  Factoring provides immediate cash in exchange for selling outstanding invoices to a factoring company.  Factoring provides many benefits for B2B companies with outstanding receivables. But there are also disadvantages, [...]

26 10, 2020

Rise Up After The Fall

2020-10-26T11:53:59-05:00October 26th, 2020|Categories: CFR, Factoring, News|

Rise Up After the Fall Two customers recently came back that have not funded since COVID19. $100,000 for local pipe and steel fabrication shop $1,000,000 factoring line for a national industrial turnaround plant contractor. Businesses are rising after the fall, but some need a helping hand to do [...]

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