IFG it is offering accounts receivable factoring as an alternative form of financing to the reported 51 percent of small businesses that have experienced cash flow issues in the last 90 days. In the wake of banks’ cuts in small business lending, small businesses are seeking alternative means of funding to ensure success in 2010.
According to the December Discover Small Business Watch 45 percent of the 700 small business owners surveyed have not experienced cash flow issues, leaving 4 percent who are not sure.
Specifically the financial products that IFG is marketing 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; and Inventory Financing, a solution promoting a company’s growth by funding them when they must expand and purchase inventory.
Take a look at the IFG Frequently Asked Questions (FAQ)