ifg construction funding program
TRANSCRIPT
The IFG Construction Funding ProgramProviding working capital for business since 1972
Who Is The Interface Financial Group
The Interface Financial Group (IFG) has been in business since 1972
IFG currently has more than 150 offices throughout the United States, Canada, Australia, Ireland, Mexico, New Zealand, Singapore, and the United Kingdom
We specialize in financing construction
The IFG Construction Funding ProgramProviding working capital for business since 1972
We purchase invoices or progress payments
Turning your Accounts Receivable into cash, and
Speeding up cash flow
Allowing you to build your business
And focus on other issues
How Does the IFG Program Work?
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The IFG Construction Funding ProgramProviding working capital for business since 1972
Standard Factoring IFG Program Annual contracts vs No contracts Monthly Minimums vs No minimums Set up fees vs No miscellaneous
fees Collection services vs No collection services No subcontractors vs Subcontractors okay
How is this different from Factoring?
IFG purchases individual invoices/progress billings on a use-it-as-you-need-it basis
IFG can finance just one transaction
In other words:
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The IFG Construction Funding ProgramProviding working capital for business since 1972
In business from as little as 6 months Annualized revenue from $250K to $100M+ Any trade Not concentrated in 1 customer Working for GC’s and/or Institutional/Commercial
project owners Invoices for funding are typically not bonded* Owner(s) with credit score of 600+
What construction clients will IFG fund?
* If bonded, we will need to obtain subordination from the surety 4
The IFG Construction Funding ProgramProviding working capital for business since 1972
Up to 80% of the face of the invoice/progress billing
No advances against mobilization, final bill or retention
By ensuring that suppliers and sub-subs are paid
Amounts from $20K to $35MM
To a maximum of 60% of your A/R
How does IFG do construction funding?
You determine how much is advanced and when. We will do multiple advances on the same invoice. This gives you flexibility and reduces cost.
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The IFG Construction Funding ProgramProviding working capital for business since 1972
You
Your Customer
The Interface Financial Group
PROVIDECONSTRUCTION
SERVICES
ISSUEINVOICE/
PROGRESSBILLING
SELLINVOICE
ADVANCESFUNDS
1 2 3 4 6FINAL
SETTLEMENT
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PAYS INVOICEON DUE DATE
A typical IFG funding transaction
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The IFG Construction Funding ProgramProviding working capital for business since 1972
For an 80% advance: A 2.0% transaction fee, plus 0.8% per 30 days if you need more than $300K, or 1.0% per 30 days if you need less than $300K
Fee is applied to face value Actual fee depends on % advance and days
outstanding It’s flexible (multiple advances per invoice, up to
80%) And there are no other fees
What does it cost?
A 30 day invoice is no more than 3%; A 60 day invoice is no more than 4%
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The IFG Construction Funding ProgramProviding working capital for business since 1972
As quickly as you respond to our process
Getting your GC(s) to sign a Notification of Sale often determines how fast we can fund
Initial funding as soon as four to five business days
Once process is complete, we wire funds same day
We do repeat funding in under 24 hours
How quickly can IFG fund?
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The IFG Construction Funding ProgramProviding working capital for business since 1972
One-page application and: Profit & Loss, Balance Sheet A/R and A/P Aging Reports
Documentation on what you wish to sell us: Progress Billing/Pay Application with Schedule of Values Sub-Contract List of suppliers, sub-subs and amounts owed
How do I get started?
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The IFG Construction Funding ProgramProviding working capital for business since 1972
Set-up documents Terms & Conditions Personal Guarantee
Transaction documents Offer to Sell Notification of Sale signed by GC(s)
Site Visit (for initial transaction) Purchase Order Funds wired to you
And after that?
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The IFG Construction Funding ProgramProviding working capital for business since 1972
Client Testimonials Developing a strong working relationship with Interface has allowed me to stop worrying
about cash flow. Any time I choose I can turn a portion of my receivables into cash. The process is very simple and straightforward.
My construction business has never been able to readily obtain bank financing. Thanks to you (IFG) we were able to take on a major construction project. Your invoice purchasing helped me pay for material and my workers on time until the general contractor paid us.
Services provided by IFG allowed us to capitalize on significant growth opportunities over a short period of time; tripling our workforce, and increasing our revenue tenfold.
As a new professional services firm with few assets, I was unable to qualify for a traditional loan or line of credit. Using IFG’s invoice discounting services over the prior six months helped me double my staff and get my cash flow under control. I would not hesitate to use IFG again or recommend them to another small business.
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The IFG Construction Funding ProgramProviding working capital for business since 1972
For further information, contact:
Scott Magill, Senior PartnerOffice: (203) 955-1751Mobile: (917) [email protected]
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