In November of 2003, Kevin Laborde started Cash Flow Resources (“CFR”), a full-service factoring company. Over the years, CFR has serviced approximately 130 small businesses, deploying over $100 million in working capital. On average, CFR has 10-12 customers at any one time, allowing us to provide them with our undivided attention, specific to [...]
Is factoring or accounts receivable financing right for my business? With this type of financing, a business sells its accounts receivable to a third party at a discount. As with anything, factoring has pros and cons. Factoring Pros: Faster cash flow: Factoring can provide quicker cash flow compared to other forms of [...]
CFR closed a new $750,000 factoring facility for a full-service inspection, engineering, and consulting company. We learned about this company from a banker referral source. Our new client is a start up operation with a large opportunity to provide engineering support for pipeline inspections; however, it lacked the capital to take on the new work. [...]
Though a great funding source for many businesses to enhance and support growth, factoring is often viewed negatively because of misconceptions or myths. Factoring is the process of buying invoices to generate cash quickly instead of waiting 30, 60 or 90 days for your customers to pay. It is different than a bank loan, [...]
Recently, Cash Flow Resources closed a $150,000 factoring line of credit to an offshore construction project management company. The company acquired a new customer, and the company's current factor would not agree to certain terms the customer required. Therefore, the company was not able to factor these invoices, which created a shortage of cash [...]
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 has moved locations but remains in the Gulf South to continue helping small businesses with their financial needs. Our new address is as follows: 902 Jefferson Ave., Ste. 1 New Orleans, LA 70115
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 [...]
