Tag Archives: small business factoring

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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Financing Using Invoice Factoring Services

What is missing from the SBA website however is the information on how you as a business owner can take advantage of accounts receivable factoring services. And if you have never heard about factoring services, you should know that this financial tactic is also known as accounts receivable factoring, and invoice financing. Continue reading

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The Interface Financial Group Offers Spot Factoring Services in Support of Economic Recovery Among SMEs

BETHESDA, MD–(Marketwire – May 18, 2012) – According to the Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, the company’s spot factoring services is an innovative cash flow solution for small to medium-sized enterprise (SMEs) to continue funding their businesses. As the sector continues to recover economically, factoring is the funding choice for many small businesses seeking growth and expansion financing during these economic times. “Business is slower than anticipated among the small business sector, even though many sectors are … 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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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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Factoring Receivables Comes to the Rescue

There was a recent study by the Pepperdine University Private Markets Capital Projects which surveyed hundreds of privately held businesses as well as thousands of lenders and investors nationwide. This survey found that only 40 percent of businesses had access to the funds they needed to grow their business. Even though these businesses had solid growth plans, they were denied funding from traditional banks and lenders. Author John Paglia found that instead of the projected 10 percent revenue growth most of these businesses could expect, … Continue reading

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Construction Factoring Supports Recovery as Private Construction Accelerates

When factoring, a sub-contractor or construction firm can realize a very fast turnaround on accounts receivable due for completed stages of a construction project – even 24 hours. Unlike a loan factoring is the purchase of financial assets, or accounts receivables. There are no co-signers required or upfront fees. IFG has no minimum sales volume requirements, and professional fees are competitive.
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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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Factoring Aids Stagnant Economic Recovery

It is all about cash flow, and factoring is the one thing that can help SMEs with their cash flow today. What this means is that if you own a small business, you should forget about the recession, or the negative predictions or the bad unemployment numbers. Simply instead, take a long hard look at your outstanding invoices. This could very well be a treasure chest of potential. And this is one way to survive gracefully. Continue reading

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