What is factoring? Using a factoring company allows to you to provide an immediate solution to your cash flow needs. Factoring is a form of financing in which a business sells its invoices to a third party financial company, or factor. A factor advances funds on a percentage of the invoice and deposits the cash [...]
Cash Flow Resources "CFR" is pleased to announce the graduation of a Texas based subcontractor from its CFR factoring facility to a traditional bank line of credit. This company specializes in industrial and commercial insulation, scaffolding, fireproofing, coatings, electrical and heat tracing. After working with CFR for almost 5 years, the company grew substantially and [...]
The Turnaround of Your Life is Happening Right Now! Louisiana faces structural, financial and political challenges like no other time in its history. Join TMA as we welcome the State Commissioner of Administration, Jay Dardenne, for a timely program on challenges and opportunities facing Louisiana. When: Wednesday, September 14, 2016 4:30 PM - 6:30 PM [...]
Opening one's own business can be one of the the most rewarding experiences; however, certain precautions should be taken when dealing with certain legal issues. An example of a common mistake new entrepreneurs make is to rely on a handshake deal and not putting ALL deals and contracts in writing. By taking a few [...]
CFR recently closed a $100,000 line of credit to a Louisiana based staffing company. We learned about the company from one of our referral partners as the company recently experienced rapid growth. Initially, the company was funded by one of the owners using a home equity line of credit. However, as the company continued to grow, [...]
Cash Flow Resources will be attending and will have a table at NOLA Know-How on June 16th. NOLA Know-How is a showcase of Greater New Orleans' B2B businesses coupled with inspiring TED-style talks for local business leaders. The theme for the speakers this year is Survival of the Fittest! The experts will share how they [...]
The life blood of any company is its cash flow. Improving cash flow can help a company survive by ensuring the cash flowing in exceeds or equals the cash flowing out. Tips include setting a specific due date or offering early payment incentives or selling invoices to receive cash immediately. To read all 12 tips, [...]
On May 27th, Cash Flow Resources (CFR) is participating in StayLocal's Office Hours, which offers FREE business advice! StayLocal is Greater New Orleans' Independent Business Alliance that connects locally-owned, independent business to customers, resources and each other. This May & June, StayLocal will host office hours where B2B industry experts offer individual 20 minute consultations to [...]
Recently, Cash Flow Resources' President, Kevin Laborde, was featured in Turnaround Management Association's (TMA) Weekly Report. Kevin discussed his involvement as TMA's President and opinions on what is happening in the turnaround and restructuring industry. To read the full article, please click on the link below. TMA President Spotlight - Kevin Laborde
Sometimes obtaining business capital and growth capital with a traditional line of credit is difficult, if not impossible. One way to survive and grow in today's economic environment is to enter into factoring. Factoring can be an alternative to conventional lending to help bridge the timing imbalance between income and expenses. So how can factoring [...]
