construction factoring Archives

U.S. Construction Spend at $837.1 Billion Rate (Annual)

According to a report for August from The U.S. Census Bureau of the Department of Commerce construction spending during August 2012 was estimated at $837.1 billion, seasonally adjusted annual rate. This figure is 6.5 percent above the August 2011 estimate of $786.3 billion.

These numbers are somewhat relevant to The Interface Financial Group because of limits on construction factoring services. Continue reading

Posted in construction factoring, News | Tagged , , , , , , , | Leave a comment

The Interface Financial Group Notes Construction Factoring to Benefit from Job Growth

BETHESDA, MD– (Sept. 24, 2012)–According to The Interface Financial Group (IFG), North America’s largest alternative funding source for small to medium-sized enterprises, construction factoring should benefit since construction employers added 1,000 jobs in August, according to of recent federal data released by the Associated General Contractors of America (AGC.) Continue reading

Posted in construction factoring, Press Releases | Tagged , , , , , , , | Leave a comment

Construction Spending for July is at 842.2 – 9.3 % Above Last Year

The Interface Financial Group (http://www.ifgnetwork.com) will post the August 2012 data expected to be released by October 1, 2012. Continue reading

Posted in construction factoring, News | Tagged , , , , , , | Leave a comment

The Interface Financial Group Notes Need for Construction Factoring Increases as Construction Spending Rises

The Interface Financial Group’s factoring services provide small to medium-sized contactors with an innovative cash flow solution that complements the sector as it continues to recover economically. Invoice factoring is the funding choice for many small business seeking growth and expansion financing. Continue reading

Posted in construction factoring, Press Releases | Tagged , , , , | 1 Comment

Entrepreneurial States and Construction Factoring

A new report just came out on the most entrepreneurial states in the US, noting that people were more likely to launch businesses in the state of Arizona than in any other state in the country in 2011,  according to the Kauffman Index of Entrepreneurial Activity. Why?  Arizona has benefited from a  number of entrepreneurs – some of whom are retired – migrating from places like California because business and property taxes are lower, as is workers’ compensation,  said Arizona Commerce Authority. This state’s  labor … Continue reading

Posted in construction factoring, News | Tagged , , , | Leave a comment

U.S. Commerce Department Says Housing Starts are Up 1.5 Percent

“Housing production is still far from normal, based on a healthy market,” said George Shapiro, IFG’s chairman and chief executive officer. “Alternative funding strategies like invoice factoring could help SMEs finance their continued business and grow as the economy continues to improve during 2012. IFG’s spot factoring solution enables an SME to sell their accounts receivable invoices to a third party at a discount in exchange for immediate cash within less than 24 hours.” Continue reading

Posted in construction factoring, Press Releases | Tagged , , , , , , , | Leave a comment

How the Credit Crisis Affects Borrowing for Small Businesses

Small business owners with unproven ventures, bad credit, or even businesses that are tied to a troubled industry such as housing have had a hard time getting credit. These days, most banks are even shy about lending to a healthy business. The bottom line is that the business lending climate is still not positive.On the other hand it is a good reason for small businesses to know and understand the principals of factoring. Continue reading

Posted in construction factoring, factoring companies, News | Tagged , , , , , , , | Leave a comment

The Interface Financial Group Sees increase in Need for Construction Factoring as Industry Recovers

BETHESDA, MD–(Marketwire–July 21, 2011) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, reports that even though the U.S. housing construction market rose to 14.6 percent in June to an annual rate of 629,000, the first increase since March, many builders and contractors are still suffering, and there’s an increase in the need for construction factoring services.
Continue reading

Posted in construction factoring, Press Releases | Tagged , , , , , , , , | 1 Comment

Construction Factoring Provides Businesses with Aid During Natural Disasters

BETHESDA, MD–(Marketwire–March 14, 2011) – The Interface Financial Group (IFG) announced that construction factoring has historically been of assistance during natural disasters like the devastating earthquake and Tsunami which has taken place in Japan. For some companies the funding for disasters includes costs to accommodate plans for relocation, and outsourcing crucial business functions during the aftermath of the crisis, but also construction and rebuilding efforts in the future.
Continue reading

Posted in construction factoring, Press Releases | Tagged , , , , | Leave a comment

The Interface Financial Group’s New Funding Solutions Help Small Businesses Leverage Assets

BETHESDA, MD–(Marketwire – September 22, 2009) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small business, today announced three new private label products including: 1) Export Factoring, 2) P.O. Funding, and 3) Inventory Financing, to support the growing demand from businesses. IFG provides short-term financial resources including single invoice factoring to companies in the United States, Canada, Australia, and New Zealand, and offers cross-border transaction facilities between the U.S. and Canada. Export Factoring provides factoring services for companies who export … Continue reading

Posted in construction factoring, Press Releases | Tagged , , , , , , | Leave a comment