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Obtaining loans from banks and other traditional financial institutions can be a long, painful, and often frustrating process. Luckily, business owners and managers have spot factoring - a highly effective alternative to traditional financing.
IFG's spot factoring or single invoice factoring service (a.k.a. invoice discounting) is unique, simpler and superior to standard invoice factor services, factoring funding provided by traditional old line factors, accounts receivable financing, receivable funding and assets based lending approaches. By selling credit-worthy invoices to IFG, businesses acquire additional funding for immediate working capital.
Q: How quickly can I receive funding?
A: IFG usually completes funding within 24 hours.
Q: Can I be selective in the invoices I sell?
A: Yes — You can be selective. IFG does not expect to buy 100% of your receivables.
Q: Can I sell just one invoice?
A: Yes — IFG has no minimum sales volume requirements. You use the service only as you need it. Similarly, there are no maximum limits either.
Q: How much can you advance against invoice?
A: IFG can advance up to 90% against invoices you are selling.
Q: How much will it cost?
A: Our professional fees are competitive. Each client's circumstances will vary and may have an impact on the fees. Complete a short, no-obligation application, and we will quickly provide a definite answer.
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