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INVOICE
DISCOUNTING FROM IFG
IFG unique invoice discounting program designed as the special service for small and middle market size businesses. Our team is on standby and ready to address any of your immediate cash flow needs.
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Invoice Discounting
A proven method for businesses to improve both working capital and their cash flow position, invoice discounting has been around for more than 4,000 years. In order to stay on top of cash flow during times of uncertainty, it is important for businesses to consider all forms of finance.
Since many small business owners do not get paid right away for delivered products or services, invoice discounting enables a business to draw money against its sales
invoices before the customer has paid their invoice.
Banks have returned to stricter credit criteria and there is limited accessibility to conventional lending. This has actually made invoice discounting services more popular among small businesses today. It is also a highly effective alternative to business loans. Why? Because invoice discounting allows a small business to obtain credit based on the quality of its customers by financing its invoices. Invoice discounting is a fast and easy method of turning receivables into cash.
Invoice discounting is not the same as a bank loan because a bank loan involves two parties, while factoring involves three parties, and it is primarily based on the value of the company’s accounts receivables. Factoring is the sale of a company’s invoices at a discount to IFG who in turn pays the business a discounted amount off of the face value amount of the invoices. IFG can provide financial services that supplement those of the financial institutions.
The Interface Financial Group (IFG) does not require the whole debtor book, making IFG different to all other factoring companies in the UK.
Benefits of Spot Factoring Include:
- Fast access to cash – first time applicants can receive cash in 24-48 hours; previously approved clients can receive cash in less than 6 hours.
- Flexible – no minimums or maximums;
no long-term contracts or obligations;
no need to finance your entire receivables portfolio...use us when you need us. - Fee free – no upfront application fees, no due diligence fees, no credit line fees (spot factoring is not a loan).
Testimonials:
Steven Howard
Director of Industrial
Support Services
