Invoice to Cash
Every small and growing business knows the challenge of finding sufficient working capital to finance their immediate expansion needs. IFG’s invoice spot factoring service (a.k.a. invoice discounting service) is the solution.
and how spot factoring differs from traditional factoring
Although factoring, in one form or another, has been around for thousands of years, spot factoring is a rather recent development in small business financing. Unlike traditional factoring, where the company requesting the factoring services renders all of their invoices to the factoring company, spot factoring can work on an as-needed, one-at-a-time.
This makes spot factoring a viable option to speed up short term cash flow and provide money for expansion. Too often, a small business is primed to make a breakthrough in the market place, and in fact may have orders ready to be produced and shipped to major vendors, but doesn’t have the working capital to do so. Unfortunately.
Spot or single invoice factoring can provide instant cash, equal to a major portion of these invoices, often within 24 hours of shipping. Instead of being strapped for cash for 60 to 90 days, the business is able to immediately plow the money from these major transactions back into the company, enabling it to more quickly and efficiently fulfill other outstanding orders.
If you can imagine the benefits of no cash flow restrictions on the growth of your business, you may be a candidate for spot factoring. If you would like more information, or help in determining whether spot factoring makes sense for you and your business, we invite you to click here and fill out the inquiry form. An IFG Network representative will be in touch with you shortly, or you can call the IFG Network headquarters at 877-210-9748.
“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