BETHESDA, MD--(Marketwire - May 11, 2010) - The Interface Financial Group (IFG), North America's largest alternative funding source for small businesses, announced that the company held its 8th Annual International Conference at the Doubletree Paradise Valley/Scottsdale Resort in Arizona from April 29 to May 1st, 2010. The conference included IFG representatives from Canada, the United States, Australia, New Zealand and the United Kingdom who learned about the company's core invoice factoring products and discussed industry trends.
IFG partners were in attendance to help provide additional information. Breakout sessions included more training in performing due diligence for invoice factoring transactions, case studies and marketing.
The key note address by Attorney Bob Zadek, with Buchalter Nemer in San Francisco, CA, focused on the factoring industry. Of special interest in his presentation was a discussion of recent court cases regarding the factoring industry. Other speakers covered private equity markets, the state of the economy and a local banker presented information on how to work with banks as referral sources.
"It is terrific to see the growth in IFG and in our partner relationships. The conference provided important information and education for the organization," said George Shapiro, chief executive officer, The Interface Financial Group, Inc. "We continue to make progress toward our goals in expanding our international presence."
Alternative financing solutions including invoice factoring can assist small businesses who are facing the challenges due to the economic circumstances during the last year. In order to sustain and grow, businesses need some cash on hand. Invoice factoring enables companies to get short-term working capital and improve cash flow to grow their businesses. Since most companies don't get paid immediately for delivered products or services, factoring benefits businesses that do not get paid for 30, 60 or 90 days by advancing up to 90 percent against the company's invoices.
A factoring company like IFG purchases selected invoices at a discount. Factoring companies typically look at the creditworthiness of the client's customers, and they do not expect to buy 100 percent of a company's receivables, so there are no minimum or maximum sales volume requirements.
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 invoice factoring (invoice discounting). The company serves clients in more than 30 industries in the United States, Canada, Singapore, 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 in addition to accounts receivable factoring, including accounting, finance, law, marketing and banking.
Contact Information:
Media Contacts:
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;
T: Toll Free: Canada -- 877.340.6893