SOURCE: The Interface Financial Group

The Interface Financial Group

April 14, 2011 18:32 ET

Factoring Provides Businesses With Aid for Taxes

BETHESDA, MD--(Marketwire - Apr 14, 2011) - The Interface Financial Group (IFG) announced that the company is in the position to offer support to small to medium-sized businesses (SMEs) who are in need of funds to pay their 2010 taxes. Many SMEs are still facing challenging times and unable to come up with the funds to pay their taxes this year, which is causing some companies to look for a solution such as invoice factoring.

With tax deadlines looming around the corner -- April 18th in fact -- SMEs who have discovered that they owe money to the government do not have much time. However, accounts receivables factoring takes very little time. Once the factoring company has done their due diligence to make sure the work was satisfactorily completed, your invoice will be paid by the factor in as little as 24 to 48 hours. It is as simple as that, and the company that you did the work for will owe the factoring company the money in 30 to 60 days.

IFG offers "single invoice factoring" where SMEs can factor one or two invoices at a time. This makes it very easy to get the cash they need without a lengthy and aggravating lending process. With no minimums, maximums, long-term commitments or lengthy application process, factoring offers an excellent source of cash flow.

IFG's private label factoring solutions 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.

Factoring companies like IFG don't expect to buy 100 percent of a company's receivables, and there are no minimum or maximum sales volume requirements. The company's professional rates are competitive because each client's circumstances vary, and this may have an impact on the fees charged. The program allows choices of invoices to be factored, enabling customers to retain most of their money, to guarantee adequate cash flow while spending the minimum fees.

IFG's private label factoring solutions 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.

About The Interface Financial Group (www.ifgnetwork.com)

The Interface Financial Group (IFG) is North America's largest alternative funding source for small business, providing short-term financial resources including invoice factoring (invoice discounting). The company serves clients in more than 30 industries in the United States, Canada, the United Kingdom, Australia and New Zealand, and Singapore, offering cross-border transaction facilities between the U.S. and Canada. 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. Single invoice factoring, or spot factoring, is an extremely fast way to turn receivables into cash.

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.

Contact Information

  • Contact:
    Kristin Gabriel
    MarCom New Media
    T: 323.650.2838
    E: Email Contact

    Headquarters:
    The Interface Financial Group
    7910 Woodmont Avenue, Suite 1430
    Bethesda, MD 20814
    Toll Free: USA -- 877.210.9748
    T: Toll Free: Canada -- 877.340.6893

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