1800 937 312

"The services provided by The Interface Financial Group allowed us to capitalize on significant growth opportunities over a short period of time; tripling our workforce and increasing our revenue 10 fold”

Carol Craig
Director,
Craig Technologies

IFG Invoice Factoring for Business Growth

Invoice Factoring Services for Small Business
Invoice factoring services, or spot factoring, from The Interface Financial Group can be a beneficial tool for business owners in times of financial need. Now more than ever, obtaining loans and overdrafts from banks and other traditional financial institutions can be an arduous process as you are growing your business. That's where IFG's spot factoring services come in. IFG's spot factoring or single invoice factoring service is unique, simple and superior to the standard invoice factoring services provided by traditional factors. With our innovative invoice factoring solutions we offer short-term working capital to growing businesses who often find it difficult to attract conventional funding from their bank.

What is Spot Factoring?
Spot Factoring – is the purchase of an individual invoice or, alternatively a number of invoices (receivables) - it is not a loan . IFG’s unique Spot Factoring facility differs from traditional factoring companies by allowing you to sell as little as one invoice to assist your cashflow. Alternatively we will purchase a number of invoices. Most factoring companies want to enter an agreement to fund the whole debtor book and charge you on that basis. IFG's Spot Factoring is a simple way to generate short-term cash so you can continue to pay wages and other bills without the need for long term contract.With IFG, there are no minimums, no maximums, no annual commitments and no lengthy application process or set up costs.

How Spot Factoring Can Help Your Business
Many businesses do not get paid right away for delivered products/services. IFG’s unique Spot Factoring facility allows you to drawdown against single invoices or multiple invoices – we do not require the whole debtor book.  By advancing up to 90 percent of the invoice total, at the time of order fulfilment we can immediately improve your cashflow. IFG looks at the creditworthiness of the client’s customers which means that even if you are a new business we can provide funding within as little as 24 hours.

The Interface Financial Group – More than 150 Offices
With more than 150 locations and over 35 years of experience, IFG serves clients in more than 30 industries in the Republic of Ireland ,UK, United States, Canada, Singapore, Australia, and New Zealand. IFG also offers cross-border transaction facilities between the UK, the US, The Republic of Ireland, Canada, Australia and New Zealand. IFG’s professional team of field experts have been operating since 1972. By working together as a team we'll help you determine the best solutions for your business and we're transparent in everything we do.
  • 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).
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