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 flow. Since CFR is a small shop, we were able to create a customized solution for the company that met the criteria of their new customer. Our flexibility allowed the company to factor all necessary invoices to meet their working capital needs.
