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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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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
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
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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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
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 – December 2011
Bookeeping 2012: Things all SMEs Need to Know Bookkeeping systems are the backbone of any small business, so it is important to set the groundwork by having a solid accounting system in place in 2012. If you are a small to medium-sized business (SME) entrepreneur, then bookkeeping probably isn’t your strength. However 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 … Continue reading
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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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.
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
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