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 [...]
Employee Spotlight Meet Shannon VP Support Services What do you do here at CFR? At CFR, I handle many of the support services, such as accounting, marketing and managing the website. I also help on the client service side making sure our customers have the [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
What is "NFE" and what is "NFE Fees"? "NFE" stands for "Net Funds Employed". NFE refers to a type of pricing factoring companies occasionally offer to clients. It is the balance of outstanding advances on a clients factored accounts receivable. NFE fees are the percentage of that outstanding balance which increases daily. For example, NFE [...]
We are living through volatile and challenging times. The COVID – 19 pandemic is having an impact on every aspect of our lives – the way we live, our global economy, our family and our business/workplace. The health and safety and well-being of our customers and employees continue to be our top priority. Many [...]
