Tag Archives: factoring for small business

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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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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IFG’s Factoring Services Address Needs of 26 Percent of Small Businesses With Higher Sales in 2011

BETHESDA, MD–(Marketwire – Jun 24, 2011) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, announced that according to a recent U.S. Bank 2011 Small Business Annual Survey, 26 percent of small businesses reported higher sales this year. Although they are finally seeing jobs stabilize and indications of improvement in business their biggest concern is economic uncertainty, so in the future they will continue to remain cautious. Continue reading

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The Interface Financial Group (IFG) Holds 9th Annual International Conference Focusing on Factoring Services

BETHESDA, MD–(Marketwire – May 17, 2011) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, announced that the company held its 9th Annual International Conference in Reston, Virginia from May 4 to 7, 2011 at the Hyatt Regency Reston Town Center. The conference included IFG representatives from seven countries including Canada, the United States, Australia, New Zealand, United Kingdom, Ireland and Singapore, who discussed the company’s invoice factoring products and the latest industry trends. Continue reading

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Invoice Factoring is Fast Track Plan for Many Small Businesses

Even a fast track plan from President Barak Obama may be too late to save some small businesses that have been severely damaged by the credit constraints and a year of economic woes. And while many small businesses have had to close their doors, others have managed to survive using invoice survival tactics including factoring solutions. In the wake of businesses that have been forced to close their doors over the last year, the Obama administration is now planning to assist small businesses in applying for … Continue reading

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Financial Terms for Invoice Factoring and Small Businesses

There are a number of financial terms for small business owners.  Following is a brief rundown of those pertinant to accounts receivable factoring. Asset liquidity — the ability of a business to convert assets into cash. It’s an important part of any small business practice, because working capital is really important in business operations. Working capital and liquidity — allow business owners to meet their obligations and to stayin business. Good cash flow is critical to the survival of any small business. Assets bring value to … Continue reading

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Factoring: Mitigating Risk in the Marketplace

The economic times today mean that risk exists in the marketplace more than ever before. Here’s how the Interface Financvial Group (IFG) handles risk when determining new customers. IFG’s due diligence process for accounts receivable factoring is designed to minimize risk. It is particularly  important to collect and analyze information from our clients, and if information is missing, we cannot verify an account for invoice factoring. Along with the normal searches for credit, UCC filings and tax liens look at your states Secretary of State corporation … Continue reading

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