Invoice Factoring Blog

A new act called the CARD Act was signed into law last May 2009 is promising consumers more transparency about their credit card bills, but cardholders beware! it may erwquire invoice factoring to get out of debt once you are in too deep with credit cards. more »

Better known as single invoice factoring, or sometimes 'spot factoring," this business funding technique has been highly successful for a number of small to medium-sized businesses during the last year's recession. more »

Let's say you live on the East coast where the recent storms and snow fall caused your heating bill to go up drastically. What if you simply cannot pay the bill? Here is where accounts receivable factoring could save the day - just in time for Cristmas! You could use a factoring company like The Interface Financial Group (IFG) to purchase select invoices at a discount. It is a fast, easy, and affordable way to turn your receivables into cash. more »

62.1 percent of self-employed surveyed by NASE believe the government should provide tax credits to businesses and the self-employed to assist them in purchasing health insurance for themselves and their employees. And 63 percent think small businesses should be allowed to group together via associations or organizations to purchase health insurance. Until the health reform is resolved, if you would like more information about how invoice factoring can assist you in paying your health care bills, please go to www.ifgnetwork.com. more »

Today Bank of America has pledged to increase lending to small- and medium-sized businesses. The amount designated over 2009's is at least $5 billion in 2010. This The pledge made by the bank's Chief Executive Officer Kenneth D. Lewis was made to President Obama at a White House meeting of key bankers. Bank of America is already in the process of delivering $1.5 trillion over 10 years to low- and moderate-income businesses and households.Many of these firms have been using a strategy known as invoice factoring to make ends meet and be able to make payroll, until the economy improves. more »