Tag Archives: construction

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

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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

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Interface Financial Group Recommends Accounts Receivable Factoring for SMEs That Are Not Getting Funded

According to The Interface Financial Group (IFG), North America’s largest alternative funding source for small to medium-sized enterprises, a study by the Small Business Administration (SBA) reported that U.S. small business loans ($1 million or less) declined 5 percent last year. The dollar amount of small business loans declined 7 percent. In addition, more than 170,000 small businesses in the U.S. shut down between 2008 and 2010. The report also showed that many of the small businesses could not receive the funding required to start up. (Source: U.S. Census Bureau data.)
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Factoring News – July 2012

Small Business Financing Solutions The success of a small business does not come easy. One of the biggest mistakes you can make is not being flexible. It is important to always look for advice, listen, and be open to adjusting your plan and product to better address your customers. The same thing applies when seeking small business financing solutions. In startups, one of the most common problems is that a business owner finds they do not have enough cash on hand to address exciting new … Continue reading

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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

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Factoring Newsletter – April 2012

           Factoring News – April Small Business Lending Is Up    The Federal government reports that small business lending is up as a result of the Small Business Jobs Act of 2010. This government program encouraged smaller community banks to begin lending to small businesses to help in the economic recovery. -The report indicates that California banks have increased lending by $295 million dollars. If this amount is divided by the 1.2 million small businesses with annual revenues of less than … Continue reading

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Factoring News – February 2012

Good News for the Construction Industry Construction spending jumped 1.5 percent in December, over triple the consensus estimate. This is an indicator that a recovery may have started in the hard hit construction industry. This is good news for the economy as improved construction activity will lead to higher employment and increased supplier activity. Many sub-contractors will need access to funds to help pay for labor and materials but there continues to be reluctance in the financial industry to lend for construction. Invoice factoring can … Continue reading

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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

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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

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Contractors Use Construction Factoring to Provide Businesses with Disaster Aid

Construction factoring has been of assistance in the past during many natural disasters like the recent earthquake and Tsunami in Japan. Immediate funding for disasters can include outsourcing crucial business functions during the aftermath of the crisis, and costs to accommodate plans for relocation, then possibly construction costs during future rebuilding efforts.

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