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IFG Network LLC, the Operational Company of The Interface Financial Group (IFG), Launches IFG Network Australia
BETHESDA, MD--(Marketwire - December 15, 2009) - IFG Network LLC, the operational company of
The Interface Financial Group (IFG), has launched operation in Australia
through its new subsidiary IFG Network Australia Pty Ltd. in Sydney. IFG is
North America's largest alternative funding source for small business,
providing short-term financial resources including invoice factoring.
"With this new initiative we are looking to boost the business of present
and future IFG offices in Australia and New Zealand through our syndication
activity," said Chairman of IFG and Chief Executive Officer of IFG Network
George Shapiro. I welcome David Hechter who has been appointed as chief
operating officer of IFG Network Australia."
Factoring has been around for more than 4,000 years, while today IFG is
finding that single invoice factoring is a popular new tactic allowing
companies to factor one invoice at a time. Invoice factoring benefits
businesses that do not get paid for 30 to 60 or 90 days by advancing up to
90 percent against invoices. IFG looks at the creditworthiness of the
client's customers and can fund within as little as 24 hours. The company
does not expect to buy 100 percent of a company's receivables, and there
are no minimum or maximum sales volume requirements.
IFG's private label factoring products 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.
The Interface Financial Group (IFG) serves clients in more than 30
industries in the United States, Canada, Australia, New Zealand and
Singapore, and offers cross-border transaction facilities. 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.
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 in addition to accounts receivable
factoring, including accounting, finance, law, marketing and banking. T:
Toll Free: USA; 877.210.9748; www.ifgnetwork.com