IFG is a market leader in the Invoice Finance industry. They put their franchisees in a serious leadership position and will provide comprehensive training so that you can build a respected, profitable, professional financial services business.
The Interface Financial Group (IFG) were formed in 1972 and they are the market leaders in the Invoice Finance & Invoice Discount industry. IFG clients are generally emerging SMEs local to the franchisee….and are met by, and their invoices assessed by, friendly, approachable and professional franchisees conducting ‘on site’ meetings.
IFG have over 100 franchisees worldwide. They provide immediate, short term, emergency finance to their business clients by buying their specific invoices which have been issued to their own business clients. By using IFG, businesses can opt to ‘cash in’ their invoices and receive immediate payment – rather than wait & wait (and wait!) for their own customer to pay.
The Single Invoice Finance marketplace (in which IFG operate) is part of the factoring financial services family. IFG operate worldwide, their HQ being in the USA. However the UK has the most sophisticated & detailed factoring sector in the world. There are so many streams, products & derivatives when compared with other nations that the UK factoring economy even outweighs – by some distance – the USA factoring marketplace.
IFG franchised offices are an integral part of the local small business community and an absolutely essential part of an Invoice Finance company. Without a local office to inspect clients a reputable, sustainable Invoice Financier cannot carry out the necessary on-site due diligence.
Firstly, IFG franchisees build a rapport with corporate finance brokers, the high street banks, accountants, factoring firms and asset based lenders. In fact, franchisees strike alliances with all sorts of financial services professionals. It's a very much networking and sales based role.
The end result is for franchisees to become the ‘go-to’ service for those sorts of industry contacts when the niche area subject of single invoice finance option crops up.
Secondly, once a small business has been identified, the franchisee conducts a site visit to partially risk assess the business, its clients, the goods it has produced and the invoices it has issued.
IFG trains you thoroughly to do both parts.
IFG has a low financial entry point and franchisees can grow at their own speed.
The most important factor, the ‘know how’ that IFG brings, as a franchisor, convinced me that this was a business that could provide attractive returns without undue risk.
4th August 2016
The numbers add up for IFG Franchisee Bruce Williams
18th November 2016
The Art of Validation