SOURCE: The Interface Financial Group (IFG)

invoice factoring

November 18, 2010 14:20 ET

IFG Network LLC, the Operational Company of The Interface Financial Group (IFG), Expands Operations of Network United Kingdom Into the Republic of Ireland

BETHESDA, MD--(Marketwire - November 18, 2010) - IFG Network LLC, the operational company of The Interface Financial Group (IFG), announced today that it has expanded its operations into the Republic of Ireland, through its subsidiary, the IFG Network UK Limited in Birmingham, West Midlands in the United Kingdom. IFG is North America's largest alternative funding source for small business, providing short-term financial resources including invoice factoring.

"With this latest initiative of extending into Ireland we hope to boost the business for the UK Limited office which we opened in June 2010 through our syndication activity," said Chairman of IFG and Chief Executive Officer of IFG Network George Shapiro. "Despite recent economic difficulties, the Republic of Ireland presents opportunities for IFG now that the country is operating in the Euro zone."

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. Historically, 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.

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) was founded in 1972 and serves clients in more than 30 industries in Australia, Canada, New Zealand, United Kingdom, Republic of Ireland, United States, and Singapore, and offers cross-border transaction facilities. With more than 150 locations and over 38 years of experience, IFG provides innovative invoice factoring solutions by offering short-term working capital to help small to medium-sized businesses grow.

For more information visit: http://ifgnetwork.co.uk/

Contact Information

  • Media Contacts:
    Kristin Gabriel
    MarCom New Media
    T: 323.650.2838
    E: Email Contact
    Headquarters: The Interface Financial Group, Inc.
    7910 Woodmont Avenue, Suite 1430
    Bethesda, MD 20154
    T: Toll Free: USA -- 877.210.9748
    T: Toll Free: Canada -- 877.340.6893

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