Invoice Factoring Services

Does your business need immediate cash?   Are you frustrated with the hassles of dealing with traditional banks and factoring companies and their lengthy application paperwork and even longer approval cycles? Are you looking to avoid application fees, additional charges and long term commitments? If you haven’t been in business very long you’ve probably found out, you don’t fit their client profiles.

IFG Networks has a solution to your working capital requirements. We’ve been providing financial resources to clients like you for over 40 years. In fact, if you meet these following three requirements, you are ideally positioned to turn your invoices into cash in as little as 24 hours with IFG’s invoice factoring services.

1: Are you a B2B business (your customers are not the general public)?

2: Are you currently selling products or services and invoicing your customers?

3: Will immediate working capital help your business grow? 

Invoice factoring provides your company the ability to grow without incurring debt or diluting equity or ownership. Additionally, factoring can help a company survive periods of erratic cash flow or sales. Invoice factoring can help also businesses grow at a faster rate by providing working capital in a timely fashion.

• Over 120 offices across North America to serve you better

• No upfront fee, No co-signer required

• No minimums, No maximums, no long term commitment

 A brief history of invoice factoring and its uses in today's business environment.

Factoring dates back 4000 years to Mesopotamia, the 'cradle of civilization.' Besides developing writing, business codes and government regulations, under the reign of Hammurabi, the Mesopotamians introduced factoring to the business world. By the time of the American revolution, the colonies were reliant on factoring by England to sustaintheir harvests of cotton, furs and timber. As America grew, so too did factoring. By the 1930's, invoice factoring was standard business practice in the garment and textile industries. Today, factors exist in all shapes and sizes and service a wide range of business to business verticals. Ironically, factoring is not being taught in business college, seldom seen in business plans, and one of the best kept secrets in the business community. To those in the know, factoring has often meant the difference between growth and failure.

Simply put, factoring is the process of purchasing commercial accounts receivable (invoices) from a business at a discount. In other words, the factoring company buys your invoices for less than face value and gets paid in full by your customers. The difference between the discounted rate and the face value is the factors profit or incentive for buying your invoice upon submission.

With financing sources for the small business becoming tighter and more restricted, invoice factoring becomes an ever more viable option for business financing. Whether it is to fuel an expansion, buy new equipment, raise immediate working capital or ease cash flow problems, factoring can often offer a practical and instant solution. If you sell products or services to businesses, if your customers have good credit, and if you have current orders that you are ready to ship, invoice factoring might be of great benefit to you and your company.

If you are interested in invoice factoring for your company, or would just like more information on whether invoice factoring is right for your business, click here. An IFG representative will be in touch with you shortly. You may also call the IFG corporate headquarters at 877-210-9748 for US and 877-598-9851 for Canada.