1 / 14

The Interface Financial Group

The Interface Financial Group. The Interface Financial Group. “We Provide Working Capital To Business”. Who Is The Interface Financial Group. The Interface Financial Group (IFG) has been in business for over 32 years

emory
Download Presentation

The Interface Financial Group

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Interface Financial Group

  2. The Interface Financial Group “We Provide Working Capital To Business”

  3. Who Is The Interface Financial Group • The Interface Financial Group (IFG) has been in business for over 32 years • IFG currently has 146 independently-owned offices throughout the United States and Canada • In 2004 IFG entered the international market with operations in New Zealand and is expecting more international growth • IFG now has NZ offices in Auckland, Christchurch, Wellington, New Plymouth, Hamilton, Tauranga & Queenstown and has recently added more. • Operations are being established in Sydney

  4. What We Do • IFG provides short term working capital (cash flow) for growing small businesses in the B2B market • Target market – small under capitalised growing companies whose funding needs are outside their bank’s criteria • IFG purchases invoices at a discount on an as-required basis – Invoice Discounting • Our clients get the cash up-front, IFG takes over the remaining term of the receivable • IFG clients come through referral sources, such as financial advisors, banks, brokers, factors, and direct sources

  5. What IFG Does Not Do • IFG is not a collection agency • IFG is not a lender of money • IFG does not buy bad debts • IFG does not factor or manage receivables

  6. The Interface Process • IFG purchases selected invoices to the level of working capital required by the client • Clients get 90% cash up-front and IFG takes over the waiting period on receivables, usually 45 days or less • The clients customer pays Interface direct on the due date • Cost to client – from 4% of the value of the invoices actually funded. No establishment cost.

  7. IFG Requirements • Initial IFG Application • Terms and Conditions outlining how transactions will be handled • Personal Guarantees • Receipt and Acknowledgement of signed Customer confirmation of invoice/s prior to funding • Time – first funding 2-3 days. Repeat transactions – normally same day

  8. Benefits of IFG Invoice Discounting to Client • There are no add-on fees or establishment charges, monthly volume requirements or term requirements • Client is in control of process - they can use the service as they need it to meet specific cash flow needs • Client is in control of the cost by offering invoices that will be paid sooner rather than later, thus reducing their cost • Client receives 90% of invoice value once funding is approved

  9. Benefits of IFG Invoice Discounting to Bank • Customer retention. Proven in other locations! • Bank refers client. IFG is able to undertake funding as approach is not based on a lending formula – rather an invoice buy/sell transaction • Successful referral to IFG will lock Customer into the Bank • Working with IFG will assist Customer’s financial strength • In time Bank will be able to take over funding from IFG based on its normal lending formula • IFG continues referral relationship with bank to assist other bank customers

  10. Client Profile • Start-up companies, to companies in business many years • Cash requirements from $3,000 upwards on a one-time or monthly basis • Requiring IFG services from 1-15 months (average is 9 months) • All industry sectors acceptable

  11. Types of Clients • Construction sub-contractors • Out sourcing and employment firms • Manufacturers • Logging & Forestry • Trucking and Transportation • Business consultants • Advertising agencies • Publishers • … and many more

  12. Bank and IFG Partnership • IFG believes there is a synergy with the Bank • Both companies are servicing the same small business market • There is good potential to succeed together • Customer never leaves the banking relationship

  13. Partnership • Develop a strong working relationship • Helping customers grow • Communicate regularly in order to improve the opportunities • Everyone wins!

  14. Contact Information The Interface Financial Group Keith Tullett Director ktullett@interfacefinancial.com

More Related