The Interface Financial Group Holds Annual Conference Focusing on Single Invoice Factoring

BETHESDA, MD--(Marketwire - April 2, 2009) - The Interface Financial Group (IFG), North America's largest alternative funding source for small business, announced that its annual conference, focusing on the economic projections affecting the invoice factoring business, was held on March 26 and 27 in Las Vegas, Nevada. Offices from the USA, Canada, New Zealand and Australia were represented. Invoice factoring is when a business sells its accounts receivable invoices at a discount.

The IFG annual conference agenda was comprised of a variety of topics surrounding single invoice, or spot factoring, specifically for factors in today's economic climate worldwide. The participants were involved in a series of open discussion forums addressing the challenges involved with funding small businesses today, including trends, ethics, marketing, and more. IFG provided the information and knowledge needed for affiliate offices to manage and grow their business, and also offered a number of networking opportunities.

Single invoice factoring is a highly effective cash management strategy, allowing businesses to obtain funds based on their current accounts receivables and benefit immediately from 90 percent advances against invoices that would otherwise not be paid for 30, 60 or 90 days.

"Even the economic downturn during the early 1980s does not compare to the current economic situation we find ourselves in globally. That's why this year's annual IFG conference was invaluable," said Jan Cunningham, vice president, Interface Financial Group, Inc. "Spot factoring is a fairly new aspect of the traditional business of accounts receivable factoring, so it is rewarding to learn about the economic projections that we all face in our industry, as well as methods for providing better positioning, customer service, and just doing better business."

Factoring is different from a bank loan in several ways. Banks base their decisions on a company's credit worthiness, whereas factoring is based on the value of the receivables. Factoring is not a loan -- it is the purchase of a financial asset, or the receivable. Bank loans involve two parties, while factoring involves three parties.

The Interface Financial Group (IFG) typically looks at the creditworthiness of a client's customers and pays within as little as 24 hours. IFG does not expect to buy 100 percent of a company's receivables, and there are no minimum or maximum sales volume requirements. IFG's professional rates are competitive because each client's circumstances vary, which may have an impact on the fees charged. The program allows choices of invoices to be factored, enabling customers to retain most of their money, while spending the minimum fees to guarantee adequate cash flow.

Standard accounts receivable factoring has been around for more than 4,000 years. IFG begins the single invoice factoring process with due diligence that typically takes one to two business days. Once completed the client is at liberty to offer invoices to IFG for purchase. Upon receipt of invoices, IFG checks the credit of the debtor named on the invoice and makes sure that the sale represented has been satisfactorily completed. Once this is done the debtor is advised of the purchase by IFG and the client receives their funding. At the end of the credit period, the debtor pays IFG directly completing the transaction.

About The Interface Financial Group (www.ifgnetwork.com)

The Interface Financial Group (IFG) is North America's largest alternative funding source for small business, providing short-term financial resources including spot factoring (invoice discounting). The company serves clients in more than 30 industries in the United States, Canada, Australia, and New Zealand, and offers cross-border transaction facilities between the U.S. and Canada. With more than 140 offices across North America and over 35 years of experience, IFG provides innovative invoice factoring solutions by offering short-term working capital to growing businesses. Single invoice factoring, or spot factoring, is an extremely fast way to turn receivables into cash.

IFG was founded in 1972 to provide short-term working capital to help small to medium sized businesses grow. The IFG organization operates on a local level, providing clients with local knowledge and experience and business expertise in numerous diverse areas including accounting, finance, law, marketing and banking.

Contact Information: Media Contact: Kristin Gabriel MarCom New Media T: 323.650.2838 E: Headquarters: The Interface Financial Group, Inc. 7910 Woodmont Avenue, Suite 1430 Bethesda, MD 20154 T: Toll Free: USA; 877.210.9748; Canada; 877.340.6893