The Central Network Retail Group (CNRG), operators of 43 home centers, lumberyards and hardware stores, signed a deal with BlueTarp Financial, a provider of in-house trade credit programs for the building supply industry.
Under the deal, Protland, Maine-based BlueTarp will manage all aspects of the CNRG credit program — credit extension, customer service, billing and collections.
According to BlueTarp, the service provides each CNRG location improved cash flow, protection from credit risk, and an enhanced credit program experience for their contractors.
CNRG, headquartered in Memphis, operates 43 lumberyards, hardware stores, and home centers throughout the southeast under brands like Morrison Terrebonne Lumber Center (Louisiana), Habersham Hardware (Georgia), Elliott’s Hardware (Texas) and Town & Country Hardware (North Carolina).
The origin of the relationship began with Alab