CFR closes a working capital facility for a food preparation and production company based in the Greater New Orleans area. Although the company has been in business for over 25 years, it needed additional working capital quickly to handle increased business due to new contracts awarded. CFR factoring was the perfect solution because it allowed the company to accelerate their cash flow rather than wait 30-60 days for their customers to pay. By working with CFR, the company was able to quickly generate the working capital needed for new opportunities and their bank was able to maintain the balance of their banking relationship.
