SOURCE: The Interface Financial Group, Inc. (IFG)

invoice factoring

December 15, 2009 15:48 ET

IFG Network LLC, the Operational Company of The Interface Financial Group (IFG), Launches IFG Network Australia

BETHESDA, MD--(Marketwire - December 15, 2009) - IFG Network LLC, the operational company of The Interface Financial Group (IFG), has launched operation in Australia through its new subsidiary IFG Network Australia Pty Ltd. in Sydney. IFG is North America's largest alternative funding source for small business, providing short-term financial resources including invoice factoring.

"With this new initiative we are looking to boost the business of present and future IFG offices in Australia and New Zealand through our syndication activity," said Chairman of IFG and Chief Executive Officer of IFG Network George Shapiro. I welcome David Hechter who has been appointed as chief operating officer of IFG Network Australia."

Factoring has been around for more than 4,000 years, while today IFG is finding that single invoice factoring is a popular new tactic allowing companies to factor one invoice at a time. Invoice factoring benefits businesses that do not get paid for 30 to 60 or 90 days by advancing up to 90 percent against invoices. IFG looks at the creditworthiness of the client's customers and can fund within as little as 24 hours. The company does not expect to buy 100 percent of a company's receivables, and there are no minimum or maximum sales volume requirements.

IFG's private label factoring products include Export Factoring, providing factoring services for companies who export from the United States and Canada; P.O. Funding to finance purchase orders when a company receives a purchase order and needs to purchase supplies to fulfill the order; and Inventory Financing, a solution promoting a company's growth by funding them when they must expand and purchase inventory.

The Interface Financial Group (IFG) serves clients in more than 30 industries in the United States, Canada, Australia, New Zealand and Singapore, and offers cross-border transaction facilities. With more than 140 offices across North America and over 35 years of experience, IFG provides innovative invoice factoring solutions by offering short-term working capital to growing businesses.

IFG was founded in 1972 to provide short-term working capital to help small to medium sized businesses grow. The IFG organization operates on a local level, providing clients with local knowledge and experience and business expertise in numerous diverse areas in addition to accounts receivable factoring, including accounting, finance, law, marketing and banking. T: Toll Free: USA; 877.210.9748; www.ifgnetwork.com

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