SOURCE: The Interface Financial Group (IFG)

The Interface Financial Group (IFG)

May 17, 2011 08:00 ET

The Interface Financial Group (IFG) Holds 9th Annual International Conference Focusing on Factoring Services

BETHESDA, MD--(Marketwire - May 17, 2011) - The Interface Financial Group (IFG), North America's largest alternative funding source for small businesses, announced that the company held its 9th Annual International Conference in Reston, Virginia from May 4 to 7, 2011 at the Hyatt Regency Reston Town Center. The conference included IFG representatives from seven countries including Canada, the United States, Australia, New Zealand, United Kingdom, Ireland and Singapore, who discussed the company's invoice factoring products and the latest industry trends.

"The conference enabled partners and employees to participate in discussing 2010 results and goals for expansion in 2011," said Georg Shapiro, chairman and chief executive officer, The Interface Financial Group (IFG). "And as always, we continue to make progress toward our goals in promoting and expanding our international presence."

One of this year's key issues discussed included funding the construction industry and current challenges associated with the industry. Breakout sessions at the conference included training seminars in collections, due diligence for spot factoring transactions, marketing and case studies. Another key topic included cross border transactions in countries of IFG operations.

Alternative financing solutions including invoice factoring can assist small businesses that are facing the challenges due to the current global economic circumstances. In order to sustain and grow, businesses need some cash on hand.

Factoring enables companies to get short-term working capital and improve cash flow to grow their businesses. Since most companies don't get paid immediately for delivered products or services, factoring benefits businesses that do not get paid for 30, 60 or 90 days by advancing up to 90 percent against the company's invoices.

Factoring companies like IFG purchase selected invoices at a discount. Factoring companies typically look at the creditworthiness of the client's customers, and they do not expect to buy 100 percent of a company's receivables, so there are no minimum or maximum sales volume requirements.

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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