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 [...]
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. [...]
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 [...]
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. [...]
Although Mardi Gras 2021 is cancelled because of the pandemic, the spirit of Mardi Gras lives on in New Orleans. King cakes are flowing and houses are turning into floats. So in that same spirit, all of us as Cash Flow Resources would like to wish you a HAPPY MARDI GRAS! [...]
The COVID-19 stimulus package signed into law on December 27th contains significant enhancements to the employee retention tax credit ("ERC") enacted under the CARES Act. The ERC is a refundable payroll tax credit that was only available to taxpayers who EITHER 1) had their business fully or partially suspended during at least one quarter in [...]
As we all gladly bid 2020 farewell, we look forward to a better and more prosperous 2021. From everyone at CFR, we wish you a safe and happy holiday season.
