Document Exchanges including EIPP

http://www.ifgnetwork.com Our nation's Treasury Secretary Tim Geithner asked financiers to step up and do more to fix the damage they helped cause because, "the credit crunch is not over." He presided at a small business financing forum in Washington hosted by the Treasury. Geithner and top Washington officials, including Small Business Administrator Karen Mills, met with bankers and small business owners last Wednesday. Geithner mentioned things appear dramatically better for large companies, but admitted that it is not over for small businesses across the country. Why? "Banks bear some responsibility for the extent of the damage caused by the crisis," he said. But this ... Read Full Story

http://www.ifgnetwork.com According to the Small Business Administration, an estimated 90 percent of U.S. businesses are family-controlled, and experts say the prolonged economic downturn has hurt a significant number of them. About 4.3 million businesses with 19 or fewer employees closed during the fourth quarter of 2007 through the fourth quarter of 2008. (Source: The Bureau of Labor Statistics.) Many small businesses are having to let go of their employees, because their revenues are down in this current economy. But what if they had simply started to employ invoice factoring in order to hang on long enough to weather the economic storm? Maybe if that ... Read Full Story

http://www.ifgnetwork.com On November 1, the CIT Group, Inc. announced a prepackaged reorganization, which will leave many of their CIT is a provideer of business loans, financial services and financing solutions worldwide - and in fact, one of the largest sources for providing working capital to small business. The company is also one of the largest factoring companies . Retail analysts have predicted that customers of CIT, small retailers and suppliers, could have a difficult time obtaining financing after the holidays. According to the SCORE association (www.score.org) there are an estimated 29.6 million small businesses in the United States that employ more than half of ... Read Full Story

http://www.ifgnetwork.com If you are a small business owner, it is really important that you have a strategy in place to keep the cash flow flowing in your company. One tactic you can use is factoring invoices that are owed to you. What is factoring? It is pretty simple. Basically are taking an asset - your accounts receivables - and selling them to a third party invoice factoring company , like The Interface Financial Group (IFG), who will give you money up front for these invoices. You can get the money you need to meet your obligations. This is cash flow... Most small business people ... Read Full Story

http://www.ifgnetwork.com There is new research showing that home based businesses are growing, and it also reveals the economic importance of home-based businesses: They account for more than half of all U.S. businesses and employ more people than venture-backed companies. This is good news for invoice factoring companies like the Interface Financial Group (IFG)because single invoice factoring is a great tool for these homepreneurs. Especially in light of the fact that it is still in the air if Congress will simplify home office deductions, something that challenges many who have home-offices. In fact, many self-employed workers who qualify think that this process is so complex ... Read Full Story