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Press Releases
The Interface Financial Group Offers Alternative Funding Solutions to Growing SMEs as Struggling U.S. Banks Call in Loans
BETHESDA, MD–(Marketwire–January 6, 2011)–According to the Interface Financial Group (IFG), invoice factoring is a growing source of alternative funding for small to medium sized enterprises (SME’s). With struggling U.S. banks under pressure to raise capital and cut risks, some are severing the credit lines of select small-business customers, demanding that they pay off their balances rather than continue making monthly payments. IFG offers alternative funding solutions to SMEs to explore the cash flow benefits of factoring for sustained growth in 2012.
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The Interface Financial Group Offers Solution to Small Businesses Experiencing 80% Late Payment Challenge
BETHESDA, MD–(Marketwire – Dec 15, 2011)–According to the Interface Financial Group (IFG), a new survey says the majority of small business owners have a positive outlook about their cash flow in 2012, but despite their optimism, 80 percent of small businesses are still plagued by late payments. (Source: The PaySimple Small Business Pulse Survey took place in October 2011 surveying small business owners and employees, with responses from 223 respondents.) Unlike a loan, factoring services is the purchase of financial assets, or receivables accounts by a factoring company.
Interface Financial Group Offers Invoice Factoring for SMEs Reluctant to Hire Staff
BETHESDA, MD–(Marketwire – Nov 9, 2011) – According to The Interface Financial Group (IFG), invoice factoring is ideal for SMEs who need to hire employees — whether for seasonal rushes, new clients, or staff that is out on sick or maternity leave. This is why some business owners are turning to factoring as a means of creating immediate cash flow. The latest small business optimism index shows that many U.S. small business owners are reluctant to hire more employees in the near future because of the last quarter’s slow sales as well as uncertainty about the economy. Twenty-six percent of SMEs surveyed said poor sales is their main concern. (Source: National Federation of Independent Business (NFIB) membership of 2,077 small businesses surveyed.)
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Factoring News Articles
2012 Bookeeping Strategies Include Factoring
A bookkeeping system is are the backbone of a small business, so set the groundwork by having an accounting system in place in 2012. If you are a small to medium-sized business (SME) entrepreneur, then bookkeeping probably isn’t your strength. But, it is a necessary component of running a successful business. This means you will need to learn some basic tips for the financial aspects of running your business – from accounting software to factoring. Your bookeeping system will help keep you out of trouble with the IRS.
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Factoring Aids Stagnant Economic Recovery
It is all about cash flow, and factoring is the one thing that can help SMEs with their cash flow today. What this means is that if you own a small business, you should forget about the recession, or the negative predictions or the bad unemployment numbers. Simply instead, take a long hard look at your outstanding invoices. This could very well be a treasure chest of potential. And this is one way to survive gracefully. Continue reading
Earnings Season: Banks Brace for Declining Growth
Banks are just about ready to start reporting their earnings this week, and with revenue expected to fall 4 percent in the third quarter. According to data from experts, Trepp, the industry’s earnings are expected to be at the place they were at in 2002. Small businesses have not been happy with traditional banks over the last few years, due to lack of support and few loans. In fact, this alone has helped drive businesses to alternative financial solutions such as invoice factoring. Continue reading
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Newsletters
Factoring News – November
Factoring News – November Canadians on How to Avoid Small Business Debt It is a hot topic these days, with a slow to recover economy … avoiding small business debt. The days of borrowing from banks and/or private lenders appear to be numbered. Why? In part because these arrangements come with interests rates and predetermined periods of time within which the borrower must repay their creditor. If the borrower is later unable to repay the lender, credit scores suffer, access to future loans diminish and … Continue reading
Factoring News – October
Factoring News – October How Factoring Enables a Growing Global Economy Thanks to the Internet we now have a more robust global economy, and there are many businesses now seeking global opportunities. Global Internet business trends in technology indicate that many businesses are now looking into how they can expand globally. The United States ranks third overall in entrepreneurship compared to other countries, according to the Office of Advocacy in a report entitled Global Entrepreneurship and the United States by Zoltan J. Acs and Laszlo Szerb. -more- … Continue reading
Factoring News – August
Small businesses requires the ability to change rapidly according to market needs, but often, dynamic changes must be made without any hesitation. Basically, the business that can change the most quickly is the funds that the company may not have. A small business must be able to quickly fund these types of sudden expenses. Continue reading
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