IFG Network LLC, the Operational Company of The Interface Financial Group (IFG), Launches IFG Network United Kingdom
Market Wire, June, 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
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