Technology2018-08-31T10:45:50+00:00

Staffing

Receive working capital fast

Technology Industry

Need cash fast for payroll and new hardware supplies? Use factoring with CFR.

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FACTORING FOR TECHNOLOGY INDUSTRY

The technology industry is always rapidly changing and can be a competitive industry. Not having steady cash flow to run your business or accept new growth opportunities can create a challenge for your business to succeed, especially for a small company. Factoring for IT companies takes unpaid invoices and turns them into cash, fast.

How can companies in the Technology Industry benefit by working with a factoring company like CFR?

  • Receive working capital fast
  • Confidently fund employee payroll and supplies, such as hardware, with reliable, consistent cash flow.
  • Dedicated professional whom you know and who know your business
  • Choose to factor as many of your eligible invoices as needed to cover expenses
  • Ready access to guidance and consulting
  • Offload office support like credit approval, contract review and risk assessment
  • Accept new opportunities by having the capital to grow

For over a decade, Cash Flow Resources (“CFR”) has been providing factoring solutions for technology companies. We understand the issues of needing working capital fast to pay employees and buy supplies without waiting 30,60 or 90 days to get paid you’re your customers. Whether you are a start-up or an established growing company, CFR is dedicated to providing a customized solution to help your technology business succeed and grow.

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CASE STUDY FOR TECHNOLOGY COMPANY

Challenge:  An IT company, specializing in network design and insulation as well as security and staff augmentation, was growing fast into new markets.  It did not have the operational cash to sustain the company growth and felt constrained to take on new projects without additional working capital.

Solution:  By factoring its invoices through CFR,  the company was able to shorten its window to receive cash from 25-60 days from its customers to immediately with CFR.   It no longer has to wait for slower customer payments to receive working capital. Also, the company can factor as much and as little as needed, depending on its cash needs.

Results:  By receiving cash quicker, the company is able to pay additional employees and buy new hardware to supports its growth.  The company values the one-on-one interaction and ease of use with CFR.

“….CFR provides us personal attention, staff to staff one-on-one interaction, and  ease of use.  CFR has always been there for us when we need them.

David St. Etienne / Ultimate Technical Solutions, Inc.

WHY FACTOR WITH CFR?


Understanding

Customized Financial Solutions

Fast Approval

Responsive to Specific Needs

Flexibility

Funding for Newly Formed Companies

Fast Funding for Growing Companies

Funding Companies with Poor Credit

Support

Access to Senior Management

Informed Support Staff

Trused Business Consultant

Bottom  Line 

Build Business Credit Profile

Sustainable Long Term Cash Flow Solution

Focused on Your Success


Bank Credit Lines


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Online Lenders Merchant Cash Advance


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