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 closes a new $750,000 factoring line of credit for an industrial and disaster relief contractor. The company provides staffing, services, equipment and supplies to refineries, plants, work boats, offshore rigs, and other industrial sites, mainly for disaster relief services. The company's bank referred them to us. Problem: The company was [...]
CFR recently closed a $50,000 factoring facility for a machine repair contractor working in various plants in the Gulf South region. Based on the owners reputation and expertise in the field, the company has lots of opportunities to grow but lacks the capital to do so. CFR was able to provide the company with [...]
Reviewing key aspects of your small business can help you realign your goals and resources to help prepare for a successful year and new opportunities. Prepare for 2022 with this checklist. The three main financial documents to prepare are a balance sheet that lists your assets and liabilities, an income statement that lists [...]
Happy Holidays from Cash Flow Resources. Like many small businesses, the past two years has been challenging. We are grateful for our employees, customers and referral partners for their loyalty and support. We are hoping 2022 brings joy and prosperity.
Ashton Laborde from CFR attends IFA's small round table meeting. This meeting allows small factoring companies to meet to discuss relevant ideas and challenges in the factoring world today. It is also a great opportunity for networking and education so CFR stays up-to-date with the latest trends in our industry. The International Factoring Association ("IFA") [...]
Your credit score is one of the most important measures of your financial health. It is based on many factors, including your payment history, amounts owed, length of credit history and more. Although there is not a quick fix for a low credit score, there are simple things you can do to bring it [...]
Olivia Ventola recently attended New Orleans Chamber of Commerce's Dine Around at Ye Olde College Inn. It was good to network with businesses and bankers in person. At this event, the Chamber also collected much needed items for Hurricane Ida relief. To learn more about the Chamber, visit http://www.neworleanschamber.org/.
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 [...]