Invoice Factoring Services

Does your business need immediate cash?   Are you frustrated with the hassles of dealing with traditional banks and factoring companies and their lengthy application paperwork and even longer approval cycles? Are you looking to avoid application fees, on-going service charges, other additional fees and long term commitments? If you haven’t been in business very long you’ve probably found out, you don’t fit their client profiles.

IFG Network has a solution to your working capital requirements. We’ve been providing financial resources to clients like you for over 40 years. In fact, if you meet these following three requirements, you are ideally positioned to turn your invoices into cash in as little as 24 hours with IFG’s invoice factoring services.

1: Are you a B2B business (your customers are not the general public)?

2: Are you currently selling products or services and invoicing your customers?

3: Will immediate working capital help your business grow? 

Invoice factoring provides your company the ability to grow without incurring debt or diluting equity or ownership. Additionally, factoring can help a company survive periods of erratic cash flow or sales. Invoice factoring can also help businesses grow at a faster rate by providing working capital in a timely fashion.

• Over 150 offices across 7 countries to serve you better

• No upfront fee

• No minimums, No maximums, no long term commitment

 A brief history of invoice factoring and its uses in today's business environment.

Factoring date back over 4000 years to Mesopotamia, the 'cradle of civilization.' Besides developing writing, business codes and government regulations, the Mesopotamians introduced factoring to the business world. Today, factors exist in all shapes and sizes and service a wide range of business-to-business industry segments. Ironically, factoring is not being taught in business college, seldom seen in business plans, and one of the best kept secrets in the business community. To those in the know, factoring has often meant the difference between growth and failure.

Simply put, factoring is the process of purchasing commercial accounts receivable (invoices) from a business at a discount. In other words, the factoring company buys your invoices for less than face value and gets paid in full by your customers. The difference between the discounted rate and the face value is the factor's profit or incentive for buying your invoice .

With financing sources for small business owners becoming tighter and more restricted, invoice factoring becomes an ever more viable option for business financing. Whether it is to fuel an expansion, buy new equipment, raise immediate working capital or ease cash flow problems, factoring can often offer a practical and instant solution. If you sell products or services to businesses, if your customers have good credit, and if you have current orders that you are ready to ship, invoice factoring might be of great benefit to you and your company.

If you are interested in invoice factoring for your company, or would just like more information on whether invoicefactoring is right for your business, click here to apply online; an IFG consultant will be in touch with you shortly. Alternatively, please ring IFG on 1 300 957 900.