How It Works
How Does the IFG Solution Work?
The Interface Financial Group® provides your growing small business with short-term working capital financing through a “use-it-as-you-need-it” invoice discounting program.
Our solution system is designed to be user-friendly, incorporating the necessary framework of invoice discounting transactions into simple and straightforward documentation.
The principal documentation required needs to be completed and executed once, prior to the initial funding transaction.
Once the IFG-client relationship is established and the initial documentation executed, the following 6 basic steps are needed to complete the first funding transaction:
Step 1: You deliver your goods and/or services to your customer.
Step 2: You create and issue an invoice for those goods and/or services.
Step 3: You offer to sell the invoice to IFG.
Step 4: You advise your customer (the account debtor) of the IFG funding transaction with a Notification of Sale.
Step 5: Your customer (the account debtor) acknowledges to IFG that it owes the account debt obligation to you and agrees to pay the account debt directly to IFG (or a lockbox controlled by IFG).
Step 6: IFG completes the purchase of the invoice with a payment to you.
With your cooperation, we can complete an initial funding transaction in as little as 5 business days from the time of your first communication with us. Subsequent funding transactions can be completed in less than 48 hours.
Contact us today for more information on how the IFG Solution can work for you.