INVOICE FOR CASH

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IFG has been providing early payment services to businesses for over 45 years. Our digital invoice finance platform makes it easy to relieve cash flow pressure and increase your growth potential.

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How invoice finance works

The term select invoice finance has been creeping into the funding lexicon. The reason that it is called select invoice finance is that it refers to the increasingly popular practice of being able to pick and choose which invoice or invoices, if any, you want funded. This allows you to maximize the amount of cash that you have on hand while incurring the minimum fees to guarantee sufficient cash flow.

Typical Select Invoice Finance Transaction

Each transaction has three main parties: the company that sells the invoice, known as the Client; the company that will pay the invoice, known as the Client’s Customer (or account debtor); and the IFG that provides funding through its service.

The client manufactures and delivers the goods, or provides the service and issues an invoice to customer.

The client will sell specific invoice or group of invoices to IFG for cash at a discount.

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The client notifies the customer that the invoice has been assigned to IFG

The invoice is then paid by the customer directly to IFG typically within 3-40 days.

“Services provided by IFG 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 / President / Craig Technologies

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