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Press Releases
Breedon Report-No Silver Bullet
The Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, announced that the company offers support to small businesses that are struggling with raising capital to fund growth prior to economic recovery. IFG provides short-term financial resources including debtor factoring, invoice discounting, construction factoring and invoice factoring to companies in the UK, Ireland, United States, Canada, Australia, New Zealand, and Singapore. Continue reading
Invoice Finance Is Essential for Recovery
Number of Businesses Using Traditional Finance Falls BIRMINGHAM, WEST MIDLANDS–(Marketwire – March 14, 2012) – The Interface Financial Group (IFG), North America’s largest alternative funding source for small businesses, announced that the company offers support to small businesses that are struggling with raising capital to fund growth prior to economic recovery. IFG provides short-term financial resources including debtor factoring, invoice discounting, construction factoring and invoice factoring to companies in the UK, Ireland, United States, Canada, Australia, New Zealand, and Singapore. The level of invoice finance … Continue reading
Invoice Finance Is Essential for Recovery
percent, however, net lending to firms fell 3.7 per cent in the same period.
Quarterly figures from the Asset Based Finance Association (ABFA) that will be released this week will show firms are increasingly turning to invoice finance, (invoice factoring or invoice discounting) to fund growth, amid a continuing struggle to access bank finance. Continue reading
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Factoring News Articles
Common Debt Factoring Questions
Generally debt factoring providers are looking for ‘clean’ invoices where there is clear evidence of delivery of the goods or service and a low level of disputes or credit notes. It may not be available for some industries, for example contracting, where there is a high level of retentions and variation orders. Continue reading
How SMEs Can Increase Chances of Approval for Factoring
Some small to medium-sized enterprises (SME) already know these three tips to help increase their chances of getting approved for factoring when they are seeking working capital, as follows:
1) Business must provide a clear audit trail – The factoring company needs to understand the way that the paperwork concerning a sale flows through your business, in order to leave a solid audit trail. For example, a typical transaction might start with proof of an order from the customer. Continue reading
Payroll Emergencies: Debtor Financing to the Rescue
The recent recession has caused many small to medium-sized businesses (SEMs) to become more guarded and conservative with their cash flow. For instance, many large companies are conserving cash by paying their invoices more slowly — 90 days out rather than in just 30 days. In turn, this has affected smaller companies as they try to meet their obligations, and must depend on steady predictable cash flow. Ultimately, everyone’s cash flow is being affected because smaller companies are also doing the same thing and trying … Continue reading
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