BETHESDA, MD--(Marketwire - June 1, 2010) - IFG Network LLC, the operational company of The Interface Financial Group (IFG), has today launched operations through its new subsidiary, the IFG Network UK Limited in Birmingham, West Midlands in the United Kingdom. IFG is North America's largest alternative funding source for small business, providing short-term financial resources including invoice factoring.
"With this latest initiative we seek to boost the business of present and future IFG offices in the UK through our syndication activity," said Chairman of IFG and Chief Executive Officer of IFG Network George Shapiro. "Known as 'the workshop of the world' Birmingham has developed into a national commercial centre, and the second-best place in the United Kingdom to locate a business."
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. Historically, 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.
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) was founded in 1972 and serves clients in more than 30 industries in Australia, Canada, New Zealand, United Kingdom, United States, and Singapore, and offers cross-border transaction facilities. With more than 140 offices across North America and 38 years of experience, IFG provides innovative invoice factoring solutions by offering 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
Contact Information:
IFG
877.210.9748