The Interface Financial Group’s Construction Factoring Services Aids Slow Industry

–Construction industry cost inflation accelerated to 46.7 in March from 45.8 in the previous month–

BETHESDA, MD–(Marketwire–April 16, 2012)–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.

The index saw activity rising to 46.7 in March from 45.8 in the previous month, and a figure that is above 50 means activity grew, while below 50 means activity fell.

IFG’s Chairman and Chief Executive Officer George Shapiro said, “Overall concerns are that this may lead to slower growth in the economy. However, as many small businesses are finding out, factoring is one solution that is a growing source of alternative funding.”
IFG offers invoice factoring services solutions that will enable an SME to sell its accounts receivable invoices to a third party at a discount in exchange for immediate cash within less than 24 hours. Unlike a loan, IFG factoring services are the purchase of financial assets, or receivables accounts. There are no upfront fees and no co-signers required. IFG has no minimum sales volume requirement, and professional fees are competitive because each client’s circumstances vary, which may have an impact on the fees charged.

Private label solutions include export factoring, providing factoring services for companies who export from the United States and Canada; P.O. Funding to finance purchase orders when a company receives a purchase order and needs to purchase supplies to fulfill the order; Construction Factoring; and Inventory Financing, a solution promoting a company’s growth by funding them when they must expand and purchase inventory.

IFG does not expect to buy 100 percent of a company’s receivables and professional rates are competitive. The program allows choices of invoices to be factored, enabling customers to retain most of their money, to spend the minimum fees, plus guarantee adequate cash flow.

About The Interface Financial Group (www.ifgnetwork.com)
The Interface Financial Group (IFG) is North America’s largest alternative funding source for small business, providing short-term financial resources, including invoice factoring (invoice discounting). The company serves clients in more than 30 industries in the United States, Canada, Singapore, Australia, New Zealand, UK and Ireland, and offers cross-border transaction facilities. With more than 140 offices across North America and over 39 years of experience, IFG provides innovative accounts receivable factoring services and solutions by offering short-term working capital to growing businesses. Single invoice factoring, or spot factoring, is an extremely fast way to turn receivables into cash.

IFG was founded in 1972 to provide short-term working capital to help small to medium-sized businesses grow. The IFG organization operates on a local level, providing clients with local knowledge and experience and business expertise in numerous diverse areas in addition to accounts receivable factoring, including accounting, finance, law, marketing and banking.

Kristin Gabriel, MarCom New Media
T: 323.650.2838
E: Kgabriel@marcomnewmedia.com
Headquarters: The Interface Financial Group
7910 Woodmont Avenue, Suite 1430
Bethesda, MD 20154
T: Toll Free: USA — 877.210.9748
T: Toll Free: Canada — 877.340.6893

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One Response to The Interface Financial Group’s Construction Factoring Services Aids Slow Industry

  1. Pingback: Factoring Newsletter – April 2012 | IFG Network Press Room

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