CFR recently closed a $100,000 line of credit to a Louisiana based staffing company. We learned about the company from one of our referral partners as the company recently experienced rapid growth. Initially, the company was funded by one of the owners using a home equity line of credit. However, as the company continued to grow, the owner decided to stop self funding the company and explore other funding options. Factoring with CFR was the perfect fit for him to reduce his personal exposure and investment, while allowing the the company to self fund their growth using invoices generated from ongoing operations.
