Tag Archives: commercial factoring

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

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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.

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Earnings Season: Banks Brace for Declining Growth

Banks are just about ready to start reporting their earnings this week, and with revenue expected to fall 4 percent in the third quarter. According to data from experts, Trepp, the industry’s earnings are expected to be at the place they were at in 2002. Small businesses have not been happy with traditional banks over the last few years, due to lack of support and few loans. In fact, this alone has helped drive businesses to alternative financial solutions such as invoice factoring. Continue reading

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The Interface Financial Group’s Annual Conference in the United Kingdom Focuses on the New Era of Invoice Factoring

BETHESDA, MD–(Marketwire – Oct 6, 2011) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small business, announced today that the company held its first corporate regional conference in Birmingham, United Kingdom the week of September 26, 2011. IFG provides short-term financial resources, including invoice factoring, and 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. Continue reading

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