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Press Releases
Construction Factoring Supports Recovery as Private Construction Accelerates
When factoring, a sub-contractor or construction firm can realize a very fast turnaround on accounts receivable due for completed stages of a construction project – even 24 hours. Unlike a loan factoring is the purchase of financial assets, or accounts receivables. There are no co-signers required or upfront fees. IFG has no minimum sales volume requirements, and professional fees are competitive.
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NFIB Survey: December Job Openings Level Offers Hope for U.S. Economy
BETHESDA, MD–(Marketwire–January 27, 2012)–According to the Interface Financial Group (IFG), factoring is an ideal alternative funding solution for small to medium-sized enterprises (SMEs) at this point in the United States’ economic recovery. According to the latest National Federation of Independent Businesses Survey, job openings and hiring plans were at a level high for December 2011. It was the second highest level since 2007 when the recession began, providing small to medium-sized businesses (SMEs) with hope that an improvement in the economy is in sight.
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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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Factoring News Articles
Factoring Receivables Comes to the Rescue
There was a recent study by the Pepperdine University Private Markets Capital Projects which surveyed hundreds of privately held businesses as well as thousands of lenders and investors nationwide. This survey found that only 40 percent of businesses had access to the funds they needed to grow their business. Even though these businesses had solid growth plans, they were denied funding from traditional banks and lenders. Author John Paglia found that instead of the projected 10 percent revenue growth most of these businesses could expect, … Continue reading
Building Better Business Websites Via Factoring Receivables
A professional website is critical for any business today, particularly because customers can be skeptical about businesses without a web presence. Also a website enables people to find you online. Businesses must have the most up to date and functionally appropriate website for their industry. But in a slow economy, paying for this may be a challenge, which factoring receivables can accomplish. Following are some tips: speak with a professional to make your site more competitive. While a simple Yellow Page listing used to be … Continue reading
How Can an SME Maximize the Chance of Getting Approved For Factoring?
3) Produce an Audit Trail - Factoring companies will want to understand how the paperwork concerning for sales flow through your business. An ideal audit trail begins with the proof of an order from a customer. Next, proof of delivery of the product or services, followed by the production of an invoice. Last, these are to be filed with remittances received from the customer. 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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