L & R Express has been in business 18 months and has five trucks in operation. Their small business has grown exponentially over a brief period of time and factoring has been one of the main reasons they have been able to do so.

Challenge

L & R Express was in business for 3 months when they realized they needed immediate cash flow to grow their business. Equipment, trucks, and employees were critical needs to get to the next level of growth. They were in search of a solution and were targeting several different factoring companies.

Solution

CoreFund was able to take all of L & R Express’s invoices and get them the money they needed by taking over their invoice burden, paying them up front cash, and collecting from L & R clients on their behalf. In addition, they have provided unparalleled customer service which has enabled Shelley Gordon, General Manager at L & R, the time to grow business.

“I am extremely happy with the service that CoreFund provides. When we first started, I realized how much time was freed up just from the collections side of the business. It is nice to know that not only are we getting much needed up front cash but that CoreFund has all of the collections completely handled so I don’t have to.” Said Shelly. “At one point, I had considered going with another factoring firm. They were offering a half a percent decrease in my existing rate. I realized that I was not willing to part with the exemplary service I was receiving from CoreFund over that amount which for us is significant but not so much that I want to part ways.”

“Jenna and Bonnie at CoreFund are amazing and have always treated our business as if we are the only company they serve.”