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... 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... 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... 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... 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... Read Full Story
http://www.ifgnetwork.com As we have heard, the Obama administration yesterday announced plans to assist small businesses. This is supposed to happen in several ways: in helping small businesses with loan applications; via additional loan increases outlined in the House bill; by redirecting unspent money from the Treasury's Troubled Asset Relief Program (TARP); and finally by providing capital to communities and regional banks. Furthermore, today the U.S. House of Representatives announced... Read Full Story
http://www.ifgnetwork.com Companies are scrambling to stay afloat during these challenging economic times. That's why there is more interest in a new factoring product known as "single invoice factoring."
Many people do not understand the difference between spot factoring ( invoice factoring ) and full on accounts receivable factoring, where we handle all of a company's invoices, or accounts receivables. if you are one of these poeple, then read up.
The oldest and most widely used forms... Read Full Story
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