The Interface Financial Group® Invoice Discounting process is very simple — IFG purchases the invoices of a small business doing business with another business (B2B) at a discount. Put another way, the invoices IFG purchases become “cash-on-delivery” sales for our clients. (This is not factoring in the 21st Century meaning of the term. By definition, yes, we factor receivables). The client's customer agrees to pay IFG based on the terms of the invoice. With a new client, there is a due diligence period of approximately five business days to collect information and to check the credit of their customer.
What does our client get? Increased cash flow to support and grow their business operations. Many times a client can offset the services fees of invoice discounting by placing larger orders with suppliers, paying suppliers to avoid late charges, meet payroll or even pay taxes.
