What is beneficial ownership reporting? Effective January 1, 2024, the Corporate Transparency Act (CTA) requires certain entities, including many small businesses, to report information about beneficial owners to the Financial Crimes Enforcement Network (FinCEN). A beneficial owner is generally any individual who directly or indirectly owns or controls a certain percentage (often 25% [...]
Cash Flow Resources, LLC (CFR) is pleased to announce the promotion of Ashton Laborde, to Chief Operating Officer (COO). Ashton has spent more than 12 years at CFR understanding client needs and helping them stabilize their cash flow to better control their business. Since joining CFR in 2011, Ashton has worked in [...]
Please note that CFR will be closed on Monday, Christmas Day, December 25. It follows that we will also be closed on Monday, January 1. Enjoy the holidays and be safe.
In November of 2003, Kevin Laborde started Cash Flow Resources (“CFR”), a full-service factoring company. Over the years, CFR has serviced approximately 130 small businesses, deploying over $100 million in working capital. On average, CFR has 10-12 customers at any one time, allowing us to provide them with our undivided attention, specific to [...]
Is factoring or accounts receivable financing right for my business? With this type of financing, a business sells its accounts receivable to a third party at a discount. As with anything, factoring has pros and cons. Factoring Pros: Faster cash flow: Factoring can provide quicker cash flow compared to other forms of [...]
Cash Flow Resources (CFR) is pleased to announce the hiring of Trichelle Alexander as a Client Service Specialist in New Orleans. In her role with CFR she will manage onboarding, and ensure that CFR customers receive the best service possible. She will also manage internal operations to verify that CFR workflows are fluid and efficient. [...]
In this month’s blog, CFR tells the story of how we worked with a minority-owned staffing company to do more than just factor their client’s invoices. Through our consulting and initial processes, CFR turned over some stones that the business didn’t really like, but helped, in the long run, make them a much better run [...]
Have you ever wondered how financing worked throughout history? It turns out that civilizations used methods similar to some forms of financing we use today. One of the common questions that we hear from our clients time and time again is if factoring is a new thing and if it is a [...]
How Factoring Can Pay Big Dividends for Start-up Businesses Imagine this. You are an eager entrepreneur looking to start your own business. You develop a business plan, determine what you need to start your business and look at the costs of the things you need. Panic may set in, right? Starting your own business can [...]
CFR closed a new $750,000 factoring facility for a full-service inspection, engineering, and consulting company. We learned about this company from a banker referral source. Our new client is a start up operation with a large opportunity to provide engineering support for pipeline inspections; however, it lacked the capital to take on the new work. [...]
