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INVOICE
DISCOUNTING BY IFG
IFG unique invoice discounting service is specially designed for small and mid market size businesses. Our officers on standby and ready to address any of your immediate cash flow needs.
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Invoice Discounting
Invoice discounting is a proven method for businesses to improve their working capital and cash flow position so they can both stay afloat and grow, and it has been around for thousands of years. Since many small business owners do not get paid right away for delivered products or services, invoice discounting enables a business to draw money against its sales invoices before the customer has paid the debt.A highly effective alternative to business loans, invoice discounting allows the small business to obtain credit based on the quality of its customers by financing its invoices. Fast and easy, invoice discounting is an affordable method of turning receivables into cash.
Today’s limited accessibility to conventional lending, and in the wake of the GFC, banks have returned to stricter credit criteria. This is actually helping to make invoice discounting services more popular among small businesses. Invoice discounting is not the same as a bank loan because a bank loan involves two parties, while invoice discounting involves three parties, and it is primarily based on the value of the company’s accounts receivables. Factoring is the sale of a company’s invoices at a discount to IFG who in turn pays the business a discounted amount off of the face value amount of the invoices.
The Interface Financial Group (IFG) is a growing source of alternative funding for Australian small businesses.
Please click here for further information.
Benefits of Spot Factoring Include:
- Fast access to cash – first time applicants can receive cash in 24-48 hours; previously approved clients can receive cash in less than 6 hours.
- Flexible – no minimums or maximums;
no long-term contracts or obligations;
no need to finance your entire receivables portfolio...use us when you need us. - Fee free – no upfront application fees, no due diligence fees, no credit line fees (spot factoring is not a loan).
Testimonials:
“IFG’s service has been essential to our business to prevent over-trading. With IFG’s help, our business will now be able to achieve in 2 years what would have otherwise taken us 5-6 years.”
David Baird
Owner - Mine Fire Services
(Sunshine Coast, QLD)
