Tag Archives: factoring company

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

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Poll for Small Business Finance Strategies

The Interface Financial Group’s factoring services enable the many businesses do not get paid right away for delivered products/services, this negatively impacts cash flow, making it challenging for the business to produce new orders in a timely fashion. Accounts receivable factoring benefits businesses that do not get paid for 30, 60 or 90 days by advancing up to 90 percent of the invoice total. IFG looks at the creditworthiness of the client’s customers and can provide funding within as little as 24 hours. 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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The Interface Financial Group Notes 47 Percent of SMEs Surveyed Do Not Have Sufficient Capital

“Factoring companies are growing, as businesses turn to this alternative financing method. This survey indicates SMEs cannot get the funding required to start a business, or keep their existing businesses in survival mode,” said George Shapiro, president and chief executive officer of IFG. “Many experts believe that this lack of access to capital is having a huge impact including the nation’s slowdown in job creation and therefore stunting of the country’s overall economic growth.” Continue reading

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IFG Network: Factor for Small Business

Plus, there comes a time in every small to medium-sized business where something breaks, and it usually happens during your biggest job and under a very tight deadline. So where will you turn when you need $10 thousand dollars to buy a new piece of equipment. You know you need it or you could risk losing a job that is worth thousands more? You turn to your accountant and ask: “Do we have money coming in? When is it due? How long can we wait?” The answer is always the same – you can’t wait. Some of those invoices may not be paid for 60 to 90 days, but if you don’t finish the job on time, you might lose your biggest job and also ruin your reputation. The good news is that this is a challenge that can be solved by factoring.
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NFIB Optimism Index at Highest Reading since February 2011

BETHESDA, MD–(Marketwire–March 13, 2011)–According to The Interface Financial Group (IFG), the National Federation of Independent Business (NFIB) reported today that United States small business confidence rose to a one year high in February. The latest optimism index increased to 94.3, from 93.9 in January. Continue reading

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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

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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.
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Global Opportunities for United States Business Entrepreneurs

–US Small Business Entrepreneurs attempting to do business globally often require factoring services The Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, recognizes that today more businesses are seeking global opportunities, and with this opportunity comes the demand for funds to manage this business growth. According to recent research, the United States ranks third compared to other nations in the field of entrepreneurship. Continue reading

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