Over the past couple of years with COVID-19, many companies find themselves in distress and feel there is no way out. Many companies may consider filing for Chapter 11 bankruptcy protection as a way to restructure their business. Some owners might not be aware that there is still a way to obtain financing after [...]
Our President, Kevin Laborde, is attending Secured Finance Network's Finance Roundtable ("SFNet"). Panelists and attendees come together to discuss the state of M&A, legal issues impacting our industry, and other timely topics that affect business. Attendees include senior executives from SFNet's member entrepreneurial finance and factoring companies. About Secured Finance Network Founded in [...]
If you are a small business and looking for funding, you are likely going to come across phrases like “short-term finance” or “long-term finance”. But what exactly does that mean? When do you use each? In short, short-term financing supports the company's day-to-day activities. Long-term financing typically funds fixed assets. Here are key differences between [...]
There are many reasons a company might turn to factoring or invoice buying for working capital. At Cash Flow Resources ("CFR"), we have two current clients that operate within the Remediation Services industry. Due to their inconsistent sales and general seasonality of their business, neither of them was eligible for traditional bank financing. Working [...]
CFR recently hosted a networking happy hour with a few of our referral sources. Being outside with the beautiful weather and seeing familiar faces again after so much time was great. Congratulations to Kathy Broussard of Wells Fargo and Amanda Moullet of Hancock Whitney for winning the raffle. We truly appreciate all of our [...]
Recently, the publication, The Secured Lender, featured an article to discuss the effects of the pandemic, PPP loans and current trends within the accounts receivable lending space. Cash Flow Resources' ("CFR") President, Kevin Laborde, was one of the the five people interviewed to share his experience and knowledge as it has related to CFR. [...]
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 [...]
There are many reasons a company might turn to factoring or invoice buying for working capital. Recently, we had a food distributor looking for additional working capital due to growth. Challenge: The company wanted to grow and expand into additional markets; however, it did not have the working capital to buy [...]
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. [...]
Although Mardi Gras 2021 is cancelled because of the pandemic, the spirit of Mardi Gras lives on in New Orleans. King cakes are flowing and houses are turning into floats. So in that same spirit, all of us as Cash Flow Resources would like to wish you a HAPPY MARDI GRAS! [...]
