SOURCE: The Intrerface Financial Group (IFG)

The Intrerface Financial Group (IFG)

July 14, 2011 16:20 ET

IFG Notes Global Opportunities for United States Business Entrepreneurs

US Small Business Entrepreneurs Attempting to Do Business Globally Often Require Factoring Services

BETHESDA, MD--(Marketwire - Jul 14, 2011) - The Interface Financial Group (IFG), North America's largest alternative funding source for small businesses, recognizes that today more businesses are seeking global opportunities, and with this opportunity comes the demand for funds to manage this business growth. According to recent research, the United States ranks third compared to other nations in the field of entrepreneurship.

Although the United States ranks third overall; it does rank first on the entrepreneurial aspirations, sixth in the area of entrepreneurial attitudes, and eighth specifically in entrepreneurial activity. (Source: Office of Advocacy titled Global Entrepreneurship and the United States by Zoltan J. Acs and Laszlo Szerb.) This along with global Internet business trends in technology indicates that many businesses are looking into how they can expand globally.

As companies put together initiatives to expand into the global marketplace, the funds to do so may require the assistance of a factoring company.

"Demand for the funding of cross-border trade is growing and while full standard factoring services exist in the marketplace and are ready to serve some parts of this growing demand, there are still many underserved small businesses who only need funding for just select invoices," said IFG's Chief Operating Officer Sabeen Ahmed. "So a service like IFG's single invoice factoring, enabling them to use it when they need it, could be of great benefit."

Factoring is the purchase of financial assets, or receivables accounts by a factoring company which differs from traditional bank loans. A bank loan involves two parties, while factoring involves three parties. Banks base their decisions on a company's credit worthiness, whereas factoring is based on the value of the company's receivables. Spot Invoice factoring requires no minimums or maximums, and no long-term commitments.

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, Singapore, Australia, New Zealand, UK and Ireland, and offers cross-border transaction facilities. With more than 140 offices across North America and over 39 years of experience, IFG provides innovative accounts receivable 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

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

    Headquarters: The Interface Financial Group
    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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