The new year has begun and by reading the financial press one could speculate that interest rates will continue to fluctuate and few small businesses will welcome this news.
Recently an IFG client asked how changes in these rates would affect him. The answer is the same as it has always been -- there is no change! Since we are not lenders, fluctuating interest rates have no bearing on what we do - nor on what his costs for our service are.
We charge a discount fee, being the difference between the value of an invoice and the amount we purchase it for. There is no loan, thus no principle with interest to repay.
IFG's invoice discounting service is user friendly and offered to our clients on a "use it at needed" basis. We do not require long term commitments or minimum amounts and our clients are in control of their cost by selling good invoices that will pay sooner rather than later.
This is truly a unique way to conduct business with our clients. They appreciate the fact that we are indeed a valuable business partner by helping them grow their businesses and add to their bottom line.
Friday, January 18, 2008
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