Recently, the publication, The Secured Lender, featured an article to discuss the effects of the pandemic, PPP loans and current trends within the accounts receivable lending space. Cash Flow Resources' ("CFR") President, Kevin Laborde, was one of the the five people interviewed to share his experience and knowledge as it has related to CFR. [...]
Congratulations to Trevor Laborde, who celebrates one year working at CFR as a Service Specialist. On a daily basis, Trevor assists our customers with all their questions and needs. He is always willing to help another fellow employee to make CFR a better place, including, but not limited to, researching new prospects or dealing [...]
There are many reasons a company might turn to factoring or invoice buying for working capital. Recently, we had a food distributor looking for additional working capital due to growth. Challenge: The company wanted to grow and expand into additional markets; however, it did not have the working capital to buy [...]
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 monthly basis. [...]
Although Mardi Gras 2021 is cancelled because of the pandemic, the spirit of Mardi Gras lives on in New Orleans. King cakes are flowing and houses are turning into floats. So in that same spirit, all of us as Cash Flow Resources would like to wish you a HAPPY MARDI GRAS! [...]
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 [...]
As we all gladly bid 2020 farewell, we look forward to a better and more prosperous 2021. From everyone at CFR, we wish you a safe and happy holiday season.
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, [...]
CFR would like to honor all those in the military and their families who have made sacrifices for our country. Thank you for your service.
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 [...]
