Does your business need immediate cash? Are you frustrated with the hassles of traditional banks and factoring companies? Does the lengthy application paperwork and the even lengthier approval cycles have you frustrated? What about their fees, additional charges and long term commitments. To make things worse, if you haven’t been in business very long you probably don’t have the type of credit history these institutions are looking for. What if you only want a few thousand dollars instead of a hundred thousand dollars? Good luck–as you’ve probably found out you don’t fit their client profiles. But there is a solution to your working capital requirements. IFG Network has been providing financial resources to clients like you for over 35 years. No minimums, no maximums, no up front fees, no long term commitments and you can receive your funds in 24 hours. Sound too good to be true? IFG network can turn your invoices into cash in as little as 24 hours through invoice factoring.
factoring dates back 4000 years to Mesopotamia, the ‘cradle of civilization.’ By the time of the American revolution, the colonies were reliant on factoring from England to sustain their harvests of cotton, furs and timber. As America grew, so too did factoring. By the 1930′s, invoice factoring was standard business practice in the garment and textile industries. Today, factors exist in all shapes and sizes and service a wide range of business to business verticals. 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.
Here’s a basic conceptual overview of how factoring works. You inform IFG Network of the invoice(s) you wish to factor. IFG Network does a credit report on the companies your invoices are made out to. Within 24 hours you have the vast majority (between 80 and 97%) of your invoice deposited in your account. Your cash flow problems are solved. Note: you get the balance remaining on the invoice, less IFG Network fees and discount, upon payment of the invoice by the client.
As you’ve probably already experienced, obtaining loans from banks and other traditional financial institutions can be a long, painful, and often frustrating process. IFG’s spot factoring service (a.k.a. invoice discounting service) is unique, simpler and superior to standard invoice factor services, factoring funding provided by traditional old line factors, receivable financing, receivable funding and assets based lending approaches. By selling credit-worthy invoices to IFG, businesses acquire additional funding for immediate working capital.
• Get cash in 24 hours for first time applicants
• Get cash in up to 4 hours for enrolled customers
• Over 120 offices across North America with local knowledge
• Field Experts – operating since 1972
• Professional team with hundreds years of combined experience
• Contact management system with instant messenger
• No minimum, No maximum
• No obligations, not a loan
• No upfront fee, No co-signer
• No account to open
With credit resources for the small business becoming tighter and more restricted, spot factoring becomes an attractive option for business loans. Whether it is to fuel an expansion, buy new equipment, raise immediate working capital or ease cash flow problems, factoring might be the answer. If you’re engaged in B2B commerce, if your customers have good credit, and if you have current orders that you are ready to ship, invoice factoring might be advantageous to you and your company. To learn more about factoring, contact an IFG Network factoring expert from IFG Network at 877.210.974
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