Tag Archives: factoring

Factoring News – June 2012

What You Need to Know about Factoring   It is possible to finance small business growth without a loan through factoring. While securing factoring companies that would process your accounts receivable invoices, just know that it is a relatively simple process. A factoring services company, like IFG Network, will have a due diligence process that it needs to complete before funds can be transferred to you. They will look at a couple of things: mainly your customers and their credit. –more–     Spot Factoring … Continue reading

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The Interface Financial Group Notes Need for Construction Factoring Increases as Construction Spending Rises

The Interface Financial Group’s factoring services provide small to medium-sized contactors with an innovative cash flow solution that complements the sector as it continues to recover economically. Invoice factoring is the funding choice for many small business seeking growth and expansion financing. 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 News – May

Tips for Working with IFG to Get Cash Fast If you want to raise working capital from invoice factoring services, the following tips which could help your chances of getting approved for services. 1) IFG factoring services are for companies want to make the underlying debts against which they are providing funds are recoverable, so that it is easy to collect or recover the finances that they have provided. The factor will want to know the average size of invoices, the number of debtors that … Continue reading

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

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. 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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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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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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Search for Financing via Invoice Factoring Services

Challenging times call for cash – and we have all heard that “cash is king” so the key to a successful business might just mean survival during the early stages of a small business. When a small business owner gos to the Small Business Association (SBA) there is so much information on how you can get funding by way of loans. However, what you will not find is how to use factoring companies for getting much needed cash. The SBA asks you many questions in … 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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