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% [...]
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 [...]
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 [...]
We are proud to announce that Olivia Ventola has been nominated as one of City Business' 2020 Money Makers! Money Makers recognizes financial professionals whose fiscal work has set the pace for their company and the region. Olivia Ventola is currently vice president of Business Development at Cash Flow Resources. She has been with [...]
CFR recently closed a new factoring line of credit with a janitorial service company in the Greater New Orleans area. This company needed access to additional working capital to fund internal growth, but prior credit liens eliminated bank lines as an option. The owner felt lost and almost threw in the towel. However, after [...]
