Its that time of year again. Over the next several days, the streets of New Orleans will be filled with revelers celebrating the Carnival season. Be advised that CFR will be closed on Mardi Gras day, the 5th of March. Additionally, CFR's office may be closing a bit early this Wednesday, Thursday, Friday and [...]
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 [...]
CFR will be closed Christmas Day and New Year's Day. May peace, prosperity, and happiness be yours throughout the holidays and new year.
Reliable and efficient cash management is a major factor in the success of a company’s commercial transactions. However, at times, bankers are unable to approve a borrowing request to a company for various reasons, even to an existing client. Some of these reasons include receivable concentrations, overextended, under capitalized, growing quickly, and various other [...]
Veterans Day, formerly known as Armistice Day, was originally set as a U.S. legal holiday to honor the end of World War I, which took place on November 11, 1918. In 1954, President Dwight D. Eisenhower officially changed the name of the holiday from Armistice Day to Veterans Day. Unlike Memorial Day, Veterans Day [...]
Have you ever wondered what is factoring or even heard of it? Factoring, also known as invoice buying or accounts receivable factoring, accelerates your working capital and gets you the funds you need fast. Factoring is a funding tool in which a factoring company, such as Cash Flow [...]
Cash Flow Resources welcomes James Vitale to our team as a Service Specialist. James comes to CFR with an extensive amount of accounting and operational knowledge from a variety of industries. He has worked as an accounting clerk at The Solomon Group, an operations agent for Southwest Airlines and a staff accountant for Taste Bud [...]
At the close of another year, we gratefully pause to wish you a warm and happy Holiday Season and a peaceful and prosperous New Year.
Though a 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, [...]
Please join Turnaround Management Association ("TMA") of Louisiana for the Bankruptcy Judges round table discussion. TMA is hosting an informal, lively discussion with the Louisiana Bankruptcy Judges about current issues and topics affecting the bankruptcy courts in Louisiana and nationwide. When: Wednesday, November 1st Where: City Club of Baton Rouge; 355 North Blvd., Baton Rouge 70810 The following [...]
