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Hi there,
Interface Financial Group are in effect business lenders. They loan companies money against the value of their outstanding invoices. The loans are generally classified as short to medium term & are paid out very quickly and usually without the need for any other security such as a property.
Example 1.
Company A has just receieved a large order from company B & requires more or new equipment. Money is needed to be able to purchase new goods in order to be able to fulfill order. Money is loaned usually within 24 hours against the value of the order. So company A can borrow upto 90% of the value of the invoice & IFG will collect the value of the invoice.
This is called invoice factoring.
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∙ 12y ago
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