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 searching the web, she called CFR and we were able to help! CFR negotiated a settlement of the company’s prior debts and remove all credit liens. Once the liens were gone, CFR approved a factoring line, which has allowed the company to continue working its current contracts and add new ones. Without CFR’s help, the owner would have most likely closed the business.
