Turning Invoices into Cash

The Interface Financial Group’s Invoice Discounting service turns invoices into cash. IFG’s Client is a business that provides their goods and/or services to another business, the Customer, on standard credit terms. In other words, the Client provides the goods or services upfront and then sends the Customer an invoice for payment. This invoice is due for payment in some number of days, usually 30 – 45 days.

Often times, before this invoice is paid, our Client needs the cash that this invoice represents. He may need it to pay his suppliers for the products he used for the order or to purchase supplies for new orders. Perhaps he needs to pay his employees, taxes, rent or any other normal business expense. He certainly can’t pay these bills with the invoice. But, what if he could turn the invoice into cash? That’s what IFG’s Invoice Discounting service does. He can sell that invoice to IFG. IFG turns that invoice into cash by purchasing it from the Client at a discount. The purchase price, or advance as it’s often referred to, will be up to 90% of the invoice’s face value. Poof! Just like that the invoice has been turned into cash.

Of course it really isn’t magic and there are details about the process that weren’t discussed in this brief example. We’ll go into those in the days ahead. But the fact is that Invoice Discounting is a way to turn your businesses invoices into immediate cash.

If you’d like more information call our office at (765) 868-7030 or email us at hayes@interfacefinancial.com.

Posted by Connie Hayes, Principal - THE INTERFACE FINANCIAL GROUP