Friday, February 25th, 2011
The Interface Financial Group (IFG), a growing source of alternative funding for Australian small businesses, announced that the company offers support to small businesses that are a critical part of the massive rebuilding effort in Australia following the recent spate of natural disasters. IFG provides short-term financial services including single invoice factoring to companies in Australia, New Zealand, the UK, Ireland, the United States, Canada, and Singapore

The floods, cyclones and bushfires in Queensland, Victoria and Western Australia have caused unprecedented damage to the nation’s infrastructure which must now be rebuilt. Research firm IBISWorld has estimated that the reconstruction cost in Queensland alone from the flooding will be $10 billion, providing a much needed boost to the construction sector. Small businesses with adequate financial resources are expected to benefit from the construction contracts underpinning this rebuilding effort.

David Hechter, Chief Operating Officer for IFG in Australia, said that small businesses will see growth but cautioned about the cashflow challenges that come from taking on large contracts. “Small businesses in the construction sub-trades will see great opportunities to participate in reconstruction contracts, but they need to be prepared to cope with the longer payment terms often imposed by the large companies that will be coordinating these contracts. They will need a finance facility in place to pay their staff and suppliers to keep up with the project work and these costs need to be covered before they receive payment for invoices. We are recommending that small businesses explore the benefits of invoice factoring or invoice discounting to demonstrate to their customers that they have the financial ability to keep pace with the demand for their services.”

Invoice factoring is the purchase of financial assets, or receivables, from a factoring company. Construction factoring is also available to sub-contractor SME’s, but there are fewer factoring companies that are willing to offer debtor finance facilities to companies operating in this sector.

Factoring belongs to the family of debtor finance products where a company can use one of its most valuable assets – its strong customer base – as a source of cash flow by selling these invoices to a factoring company. With invoice factoring, there are no minimums, no maximums, no long-term commitments and no lengthy application process.


Contact Profile

The Interface Financial Group

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.

The 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 (150) 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 the Australia. The IFG team has substantial business experience and expertise in numerous diverse areas, including accounting, finance, law, marketing, banking, etc.
David Hechter
P: (02) 9327 7833
M: 0408 466 170


Commercial Factoring, Invoice Factoring, Invoice Discounting, Factoring, Construction Factoring



More Formats

View QR Code