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") [...]
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 [...]
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. [...]
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. [...]
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 [...]
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 [...]
The coronavirus pandemic continues to impact business activity and consumer behavior. JEDCO and the Jefferson Chamber of Commerce teamed up to offer a Prosper Jefferson webinar on Small Business Financing during the Pandemic. The webinar is scheduled for Wednesday, August 5th, at 10:00 am and will cover the following topics: Current lending landscape in [...]
