SOURCE: The Interface Financial Group (IFG)

The Interface Financial Group (IFG)

October 06, 2011 19:33 ET

The Interface Financial Group's Annual Conference in the United Kingdom Focuses on the New Era of Invoice Factoring

BETHESDA, MD--(Marketwire - Oct 6, 2011) - The Interface Financial Group (IFG), North America's largest alternative funding source for small business, announced today that the company held its first corporate regional conference in Birmingham, United Kingdom the week of September 26, 2011. IFG provides short-term financial resources, including invoice factoring, and 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.

IFG held its conference in the UK to support the company's growth in the factoring services industry. Conference participants discussed current build-up of IFG's presence in the UK and Republic of Ireland.

Prior to the economic downturn worldwide, small business enterprises (SMEs) relied on lenders to provide the capital for growth. However recent reports in the UK are showing a 9 percent growth in factoring advances year on year, eclipsing the growth in all other forms of mainstream SME finance. Factoring continues to grow in popularity for both SMEs and larger companies according to a new economic report and quarterly figures released on September 6, 2011 by the Asset Based Finance Association (ABFA).

In addition, the UK government has said it will help keep lending costs and interest rates low for the next 12 to 18 months, a tremendous benefit to UK businesses, while the US Federal Reserve has pledged to hold US interest rates until at least 2013.

"We had a lot of factoring industry gurus making presentations at our first UK corporate regional conference where we discussed issues including spot-factoring and construction factoring in the UK, prevention of fraud in IFG transactions, and marketing and business development for the IFG operation," said George Shapiro, chairman and chief executive officer, The Interface Financial Group.

Factoring is a workable solution for any business that is unable to qualify for traditional financing. The service is fast and efficient and places capital into the hands of the business owner for use in helping to grow the business and survive.

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; Inventory Financing, a solution promoting a company's growth by funding them when they must expand and purchase inventory; and an exclusive IFG offering, Construction Factoring.

With no minimum or maximum sales volume requirements, IFG does not expect to buy 100 percent of a company's receivables. Upon receipt of invoices, IFG checks the credit of the debtor named on the invoice and makes sure that the sale represented has been satisfactorily completed, at which time the debtor is advised of the purchase by IFG and the client receives their funding in less than 24 to 48 hours.

IFG's professional rates are competitive because each client's circumstances vary, which may have an impact on the fees charged, while spending the minimum fees to guarantee adequate cash flow. The IFG program allows choices of invoices to be factored, enabling customers to retain most of their money.

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 services and 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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