Shaw Capital Management Factoring: Construction Factoring Provides Businesses With Aid During Natural Disasters

http://www.marketwire.com/press-release/Construction-Factoring-Provides-Businesses-With-Aid-During-Natural-Disasters-1411231.htm
SOURCE: The Interface Financial Group (IFG)
Mar 14, 2011 19:54 ET
BETHESDA, MD–(Marketwire – March 14, 2011) – The Interface Financial Group (IFG) announced that construction factoring has historically been of assistance during natural disasters like the devastating earthquake and Tsunami which has taken place in Japan. For some companies the funding for disasters includes costs to accommodate plans for relocation, and outsourcing crucial business functions during the aftermath of the crisis, but also construction and rebuilding efforts in the future.
Congress sets aside funds within the Capital Fund appropriation to create a reserve for emergencies and natural disasters every year, but this does not always cover the private funds necessary for businesses to get back up and running immediately or to relocate.
The Interface Financial Group (IFG) is in a position to offer support to small businesses suffering from the consequences of natural disasters. In fact often times construction factoring can be an essential financial resource to benefit the many construction contracts that are underpinning rebuilding efforts needed during and after disasters.
The construction industry is one of several sectors that can benefit tremendously from invoice factoring. Just as an example, a construction company could factor current outstanding invoices and would not have to wait for payment before starting construction on a new project. Sub-contractors or construction firms can realize quick turnaround (often within 24 hours) on accounts receivable due, to staff up quickly, buy needed supplies and be off to help aid businesses in an ailing country.
The Interface Financial Group is one of the few factoring companies that is willing to provide construction factoring. In fact, IFG welcomes construction factoring business, and assures customers about just how easy it is to get the cash they need without a lengthy and aggravating lending process. With no minimums, maximums, long-term commitments or lengthy application process, factoring offers an excellent source of cash flow.
IFG’s private label factoring solutions include export factoring, providing factoring services for companies who export from the United States and Canada; P.O. Funding to finance purchase orders when a company receives a purchase order and needs to purchase supplies to fulfill the order; and Inventory Financing, a solution promoting a company’s growth by funding them when they must expand and purchase inventory.
Factoring companies like IFG do not always expect to buy 100 percent of a company’s receivables, and there are no minimum or maximum sales volume requirements. The company’s professional rates are competitive because each client’s circumstances vary, and this may have an impact on the fees charged. The program allows choices of invoices to be factored, enabling customers to retain most of their money, to guarantee adequate cash flow while spending the minimum fees.
About The Interface Financial Group (www.ifgnetwork.com)
The Interface Financial Group (IFG) is North America’s largest alternative funding source for small business, providing short-term financial resources including invoice factoring (invoice discounting). The company serves clients in more than 30 industries in the United States, Canada, the United Kingdom, Australia and New Zealand, and Singapore, offering cross-border transaction facilities between the U.S. and Canada. With more than 140 offices across North America and over 35 years of experience, IFG provides innovative invoice factoring solutions by offering short-term working capital to growing businesses. Single invoice factoring, or spot factoring, is an extremely fast way to turn receivables into cash.
IFG was founded in 1972 to provide short-term working capital to help small to medium-sized businesses grow. The IFG organization operates on a local level, providing clients with local knowledge and experience and business expertise in numerous diverse areas in addition toaccounts receivable factoring, including accounting, finance, law, marketing and banking.
Kristin Gabriel
MarCom New Media
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