Short Terms Capital for Invoices in 24 Hours.
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“Services provided by IGF allowed us to capitalize on significant growth opportunities over a short period of time; tripling our workforce and increasing our revenue 10 fold”
Carol Craig
President,
Craig Technologies
SPOT CASH LOANS
practical applications of factoring to provide spot cash infusionsOne of the most frustrating business realities is that banks rarely lend money to you when you need it, they're much
more inclined to loan you money when you have plenty of it. This can lead to the unpleasant reality of having to actually
turn down major business opportunities because they are too big for your company to handle.
For instance, let's say your company just landed a major new client. Their initial order is by far the largest you've ever received. Unfortunately, this new client also wants 60 days billing terms. This is a case where success can lead to
catastrophe, especially if it takes all your working capital to fulfill the order (as this would leave you with no cash
flow for 60 days.)
Sooner or later, a situation like this occurs with most businesses. How you handle these situations very likely can
determine the success or failure of your company. If lack of cash is the number one reason new businesses fail,
then too rapid expansion or growth is the number two reason, leaving the business owner scratching his head and
feeling like the race car driver who was leading the race by a wide margin only to run
In the situation outlined above, where a major new customer just placed a huge order with you, you should
investigate factoring because it might be just what you need to take advantage of this new business. With invoice
factoring, as soon as you ship this new client (we're assuming that since they are a major customer, they are also
financially sound) the factoring company will advance you the majority of the invoice within 24 hours. In other words,
factoring can provide you with quick spot cash, just like a spot cash loan, except it is based on your major new
customer's credit worthiness instead of your own.
So, if you're a business, selling to other business and are looking for spot cash loan or financing sources to tide
you through a brief emergency, or to weather short term cash shortages, or just need to turn your accounts receivable
faster, factoring is something you need to get up to speed on. Please click here and fill out the inquiry form so
that an IFG Network representative can get back to you and answer any questions regarding spot financing for quick
cash advances against invoices (spot factoring). Or, you can call the IFG Network corporate offices at 877-210-9748
if you want to be more pro-active..
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