Spot Factoring

Although factoring, in one form or another, has been around for thousands of years, spot factoring is a rather recent development in small business financing. Unlike traditional factoring, where the company requesting the factoring services renders all of their invoices to the factoring company, spot factoring can work on an as-needed, one-at-a-time.
 
This makes spot factoring a viable option to speed up short term cash flow and provide money for expansion.
Too often, a small business is primed to make a breakthrough in the market place, and in fact may have orders
ready to be produced and shipped to major vendors, but doesn't have the working capital to do so.

Spot or single invoice factoring can provide instant cash, equal to a major portion of these invoices, often within 24 hours. Instead of being strapped for cash for 60 to 90 days, the business is able to immediately plow the money from these major transactions back into the company, enabling it to quickly and efficiently fulfil other outstanding orders. Instead of growing in fits and starts, a prisoner of your customer's payment policies, spot factoring allows the business to grow and in a controlled and managed way.
 
If you can imagine the benefits of no cash flow restrictions on the growth of your business, you may be a candidate for spot factoring.

If you would like more information, or help in determining whether spot factoring makes sense for you
and your business, we invite you to click here and fill out the inquiry form. An IFG Network representative will be in touch with you shortly, or you can call the IFG Network headquarters at 0800 014 8626.