The Interface Finanical Group’s Joe Sparling explains invoice factoring and how it helps clients. IFG provides short-term working capital to small clients when conventional financing does not work. Why? Because these smaller companies still have the same cash needs of a larger business.
The profile of IFG customers is one that is from 6 months to three years in business, with an annual sales one quarter of a million dollars to $10 million, and with several employees.
IFG’s invoice discounting purchases qualified invoices, which are a valuable asset to most companieas. It is speedy – from up to 48 to 72 hrs, and less than 24 hours a repeat customer. Factoring is a use it as you need it service, to be used until your cash flow needs are solved.
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