IFG Network Social Media Pressroom
Press Releases
The Interface Financial Group Celebrates 40 Years of Factoring Services
he Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, announced that the company celebrated 40 years of business at their 10th Annual International Conference in San Francisco, California during the week of April 25 – 29, 2112. The conference included IFG representatives from seven countries including Canada, the United States, Australia, New Zealand, United Kingdom, Ireland and Singapore, who discussed the company’s accounts receivable factoring services and the latest industry trends.
The Interface Financial Group’s Construction Factoring Services Aids Slow Industry
According to The Interface Financial Group (IFG), reports that The Ulster Bank Construction Purchasing Managers’ index shows the March construction sector in declining activity levels. The rate of decline in construction activity slowed over the month of March, while new business was broadly unchanged. Cost inflation accelerated markedly last month, mainly due to higher fuel prices. IFG believes that this news reinforces the need for small businesses to engage in construction factoring services to survive and grow. Continue reading
NFIB Optimism Index at Highest Reading since February 2011
BETHESDA, MD–(Marketwire–March 13, 2011)–According to The Interface Financial Group (IFG), the National Federation of Independent Business (NFIB) reported today that United States small business confidence rose to a one year high in February. The latest optimism index increased to 94.3, from 93.9 in January. Continue reading
» Read more Press Releases
Factoring News Articles
IFG Network: Factor for Small Business
Plus, there comes a time in every small to medium-sized business where something breaks, and it usually happens during your biggest job and under a very tight deadline. So where will you turn when you need $10 thousand dollars to buy a new piece of equipment. You know you need it or you could risk losing a job that is worth thousands more? You turn to your accountant and ask: “Do we have money coming in? When is it due? How long can we wait?” The answer is always the same – you can’t wait. Some of those invoices may not be paid for 60 to 90 days, but if you don’t finish the job on time, you might lose your biggest job and also ruin your reputation. The good news is that this is a challenge that can be solved by factoring.
Continue reading
The JOBS Act, Small Business and Commercial Factoring
Commercial factoring is a practice wherein a business sells its accounts receivable invoices to a third party at a discount in exchange for immediate cash. It is a method used by businesses to cover financial needs during periods when cash on hand isn’t enough to meet your needs. It’s not the business’ credit that’s up for inspection but rather the debtor’s (i.e., the party named on the invoice) and there’s nothing to repay – commercial factoring isn’t a bank loan. Loans are based on your assets and the ability to pay it back. But when you factor, the funds available are based on your credit-worthy customers and are virtually unlimited. The more invoices you have, the higher your credit line is. Continue reading
Search for Financing via Invoice Factoring Services
Challenging times call for cash – and we have all heard that “cash is king” so the key to a successful business might just mean survival during the early stages of a small business. When a small business owner gos to the Small Business Association (SBA) there is so much information on how you can get funding by way of loans. However, what you will not find is how to use factoring companies for getting much needed cash. The SBA asks you many questions in … Continue reading
Read more Factoring News Articles
Newsletters
Factoring Newsletter – April 2012
Factoring News – April Small Business Lending Is Up The Federal government reports that small business lending is up as a result of the Small Business Jobs Act of 2010. This government program encouraged smaller community banks to begin lending to small businesses to help in the economic recovery. -The report indicates that California banks have increased lending by $295 million dollars. If this amount is divided by the 1.2 million small businesses with annual revenues of less than … Continue reading
Factoring News – February 2012
Good News for the Construction Industry Construction spending jumped 1.5 percent in December, over triple the consensus estimate. This is an indicator that a recovery may have started in the hard hit construction industry. This is good news for the economy as improved construction activity will lead to higher employment and increased supplier activity. Many sub-contractors will need access to funds to help pay for labor and materials but there continues to be reluctance in the financial industry to lend for construction. Invoice factoring can … Continue reading
Factoring News – January 2012
TAXES 2012: Things all SMEs Need to Know To make eligible contributions to an individual retirement account, or an employer-sponsored retirement plan, you may be eligible for a tax credit — but this will all depend on your income and age. There are basically six things the IRS wants you to know as follows: Limits to income – The Savers Credit, formally known as the Retirement Savings Contributions Credit, applies to individuals with a filing status and 2011 income of: Single, married filing separately, or … Continue reading
Twitter
Youtube
Facebook