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. [...]
Though a great funding source for many businesses to enhance and support growth, factoring is often viewed negatively because of misconceptions or myths. Factoring is the process of buying invoices to generate cash quickly instead of waiting 30, 60 or 90 days for your customers to pay. It is different than a bank loan, [...]
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 [...]
Recently, CFR's President, Kevin Laborde, participated in a Secured Finance Network Factoring Committee to discuss the current business landscape in 2022. Their discussion centered around sources of business, supply chain issues and more. Check out the full story by clicking below to learn what the five panelists think about supply chain or inflation issues [...]
CFR will be closed on Tuesday, 3/1, for Mardi Gras. We will also have limited hours on Friday, 2/25, and Monday, 2/28, due to the city's festivities and traffic congestion. Since it is Carnival Time in New Orleans, here is a little tidbit about Mardi Gras. Since 1872, purple, green and gold [...]
