The Interface Financial Group's Cross-Border Invoice Factoring Helps Australian SME's Finance International Growth

Sydney, NSW (PR Wire – 25 March 2013) – The Interface Financial Group (IFG), a growing source of alternative funding for Australian small businesses, announced that it is seeking to grow its service targeting Australian small and medium sized entities (SME's) with overseas customers who demand longer payment terms. IFG provides short-term financial resources including invoice discounting to SME's in Australia, New Zealand, the UK, Ireland, the United States, Canada, and Singapore.

Due to the relatively small market size of Australia, many SME's will need to seek opportunities in international markets in order to continue their growth.  In addition, as markets in North America and the UK appear to be heading towards a recovery, there will be additional sales opportunities that nimble Australian businesses can pursue. However, SME's can be surprised to find that these overseas debtors will not accept any currency risk by agreeing to prices in Australian dollars upon making the order.

David Hechter, chief operating officer for IFG in Australia explains why this form of finance can be challenging for SME's to obtain from conventional sources. “It is challenging enough for small businesses in Australia to obtain a working capital facility from a bank, but this is even more so when the customers are in overseas markets and the invoices are denominated in the local currency as opposed to Australian dollars.  With IFG's operational presence in the markets of key trading partners such as the US, Canada and UK, we can provide finance in that local currency which facilitates the transaction in an easier way."

Invoice factoring - which belongs in the family of commercial finance products - involves the purchase of accounts receivable by a factoring company which provides cost effective business funding and allows small businesses to obtain the working capital required to support their business growth. By factoring invoices, a business' credit facility can grow in line with the value of the accounts receivable as opposed to being capped when property is the security.

Invoice financing leverages the SME's strong customer base which is an often over-looked asset by the commercial banking sector. With selective invoice financing from The Interface Financial Group, there are no minimums, no maximums, no long-term commitments and no lengthy application process.

About The Interface Financial Group (www.ifgnetwork.com.au)

The Interface Financial Group (IFG) provides short-term financial resources including invoice factoring (invoice discounting).  IFG launched the Australia operation in 2006 following the success of its New Zealand businesses which commenced in 2004.  IFG's innovative products also includes spot factoring – the purchase of a single invoice or number of invoices.   IFG does not require the whole debtor book to be financed.

IFG Network is the funding arm of The Interface Financial Group providing capital and transactional support to IFG's international office network.  IFG has grown to over 120 international offices in Australia, UK, the United States, Canada, Ireland, New Zealand, and Singapore.  Each IFG office is managed on a local level, providing immediate service to clients with local knowledge and experience. This makes IFG unique to all other factoring companies in Australia.  The IFG team has substantial business experience and expertise in numerous diverse areas, including accounting, finance, law, marketing, banking, etc.

W: http://ifgnetwork.com.au/

Headquarters:

The Interface Financial Group

Suite 1, Level 3, 179 New South Head Road

Edgecliff, NSW2027

T: Toll Free: 1300 957 900