Having been involved across the invoice finance industry for many decades, IFG totally appreciate that invoice financing is not the easiest finance product to understand. That’s why our team of specialists like to spend the time to explain simplistically how IFG’s product can best work for its customers.
A). Generally speaking once we receive the small amount of information we require from our clients, your facility will be established in full within 1-2 business days.
A). No. IFG’s primary security is over your Tax Invoices, and we do not request any property security to support your finance facility with us.
A). No. Unlike most of IFG’s competitors, IFG does not have any minimum requirements therefore IFG’s clients can pick and choose how much (or little) they need to finance.
A). We have no lock-in time frames, unlike most of our competitors. You can come and go as you feel without any termination or exit costs making it perfect for businesses that have irregular cashflow requirements throughout the year.
A). IFG only charge for our operational outlays which on almost every occasion will not exceed $450.
A). One of the advantages of an IFG Invoice Finance facility is that our clients have the added protection of an in-built Bad Debt Insurance policy. Essentially once an Insurance Limit is approved against a selected financed debtor, IFG’s clients can trade up to the insured limit with absolute peace of mind against a debtor not paying due to their unexpected insolvency.
A). Nil. IFG only charge 1 fee being the “daily finance fee”, which is calculated by using the invoice value and the number of days the invoice is financed. IFG charges NO OTHER FEES such as Interest, Monthly Management Fees, Liquidated Damages, Exit Fees, Renewal Fees, Security Release fees, etc, etc.