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WORKING CAPITAL
FOR GROWING BUSINESS
You own a small business. Business is great. If only you could lay your hands on some additional working capital, you could expand your company and take it to new heights.
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What is Factoring?
Why would I use Factoring?
As a small business owner, success can bring its own set of problems. Without sufficient working capital the more orders you get, the harder it can be to fulfill them. This is where factoring can be of help. Factoring is a financial solution to help you obtain working capital and provide for you cash flow needs so you can continue to convert orders into sales and keep up with demand. The factoring solutions from the Interface Financial Group are flexible and designed to meet your specific business needs whether it’s a one-time need or an ongoing necessity.
What is Factoring? Although factoring has been around for over 4000 years, it is one of the least known and most misunderstood financial tools available to small businesses. Factoring is NOT a loan! Factoring is a financial purchase or transaction involving three parties ? you (the client), your customer and us (the factoring company). The biggest difference is that with a loan it's your credit that matters, but with a factoring agreement it's your customer?s credit worthiness that matters most. Sometimes, this can make all the difference in the world.Factoring for the Small Business
You've heard about factoring. You even have grasped most of how factoring works in practice. The next question is how do you know whether factoring is right for you and your business? There's a time and place for everything and that includes what the right times and conditions are for a small business to use spot or invoice factoring to speed up cash flow, increase working capital and grow their business.
Accounts Receivable Financing
While often confused with accounts receivable factoring, which is another way of saying invoice factoring, accounts receivable financing technically refers to a loan agreement between two parties. Factoring is a financial purchase ortransaction and involves three parties. The biggest difference is that with a loan it's your credit that matters, with a factoring agreement it's your customers credit worthiness that matters. Sometimes, this can make all the difference in the world.
Accounts Receivable Factoring
While often confused with accounts receivable factoring, which is another way of saying invoice factoring, accounts receivable financing technically refers to a loan agreement between two parties.
Spot Factoring
As the name implies, spot cash loans are frequently used to get you and your company out from under a tough spot. Our Factoring services can be used to provide this. At IFG we can provide spot, or immediate factoring, thereby ensuring the companies continued success. If your company is struggling with cash flow issues, IFG may have the answers.
We invite you to contact us by clicking here if you have any questions concerning single invoice factoring, or are interested in learning how factoring can be of assistance to your business. You are also welcome to give us a call at the IFG corporate offices at Ring us on 0808 014 8626 We'll be happy to discuss your factoring options.
Benefits of Spot Factoring Include:
- Fast access to cash – first time applicants can receive cash in 24-48 hours; previously approved clients can receive cash in less than 6 hours.
- Flexible – no minimums or maximums;
no long-term contracts or obligations;
no need to finance your entire receivables portfolio...use us when you need us. - Fee free – no upfront application fees, no due diligence fees, no credit line fees (spot factoring is not a loan).
Testimonials:
“Services provided by IGF allowed us to capitalize on significant growth opportunities over a short period of time; tripling our workforce and increasing our revenue 10 fold”
Carol Craig
Director,
Craig Technologies
