28 02, 2021

How does factoring help a staffing company?

2021-02-28T10:15:45-06:00February 28th, 2021|Categories: Cash Flow, CFR, Factoring, Factoring Receivables, Funding, News|

Factoring is used by companies for many different reasons. One reason to use factoring is lack of working capital due to timing of customer payments. Challenge: A common problem many staffing companies encounter is the timing of cash flow. Many times, companies have weekly payroll; however, their customers pay on a [...]

11 01, 2021

New Law Clarifies and Expands CARES Act Employee Retention Credit

2021-02-11T08:48:40-06:00January 11th, 2021|Categories: News|

The COVID-19 stimulus package signed into law on December 27th contains significant enhancements to the employee retention tax credit ("ERC") enacted under the CARES Act. The ERC is a refundable payroll tax credit that was only available to taxpayers who EITHER 1) had their business fully or partially suspended during at least one quarter in [...]

16 11, 2020

Pros and Cons of Factoring

2020-11-16T13:16:00-06:00November 16th, 2020|Categories: Uncategorized|

When a small business is not able to get a traditional line of credit from a bank, factoring can be a quick and easy solution.  Factoring provides immediate cash in exchange for selling outstanding invoices to a factoring company.  Factoring provides many benefits for B2B companies with outstanding receivables. But there are also disadvantages, [...]

26 10, 2020

Rise Up After The Fall

2020-10-26T11:53:59-05:00October 26th, 2020|Categories: CFR, Factoring, News|

Rise Up After the Fall Two customers recently came back that have not funded since COVID19. $100,000 for local pipe and steel fabrication shop $1,000,000 factoring line for a national industrial turnaround plant contractor. Businesses are rising after the fall, but some need a helping hand to do [...]

23 08, 2020

2020 Money Maker Nominee – Olivia Ventola

2020-08-23T10:32:15-05:00August 23rd, 2020|Categories: CFR, Consulting, Factoring, Financial, Funding, News|

We are proud to announce that Olivia Ventola has been nominated as one of City Business' 2020 Money Makers! Money Makers recognizes financial professionals whose fiscal work has set the pace for their company and the region. Olivia Ventola is currently vice president of Business Development at Cash Flow Resources. She has been with [...]

3 08, 2020

Kevin Laborde: Speaker at JEDCO’s Small Business Webinar

2020-08-03T16:19:57-05:00August 3rd, 2020|Categories: Factoring, Financial, Funding, Informative, News, Uncategorized|

The coronavirus pandemic continues to impact business activity and consumer behavior. JEDCO and the Jefferson Chamber of Commerce teamed up to offer a Prosper Jefferson webinar on Small Business Financing during the Pandemic. The webinar is scheduled for Wednesday, August 5th, at 10:00 am and will cover the following topics: Current lending landscape in [...]

17 07, 2020

Net Funds Employed (“NFE”)

2020-07-17T09:45:21-05:00July 17th, 2020|Categories: Factoring, Informative, News|

What is "NFE" and what is "NFE Fees"? "NFE" stands for "Net Funds Employed".  NFE refers to a type of pricing factoring companies occasionally offer to clients.  It is the balance of outstanding advances on a clients factored accounts receivable.   NFE fees are the percentage of that outstanding balance which increases daily. For example, NFE [...]

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