Business Owners Worried About Recovery
Negative press and cashflow challenges are cause for concern
(firmenpresse) - BIRMINGHAM, WEST MIDLANDS -- (Marketwire) -- 01/12/12 -- Editors Note: There is a photo accompanying this press release.
The Interface Financial Group (IFG), North America's largest alternative funding source for small businesses, announced that the company offers support to small businesses that are struggling with raising capital to fund growth prior to economic recovery. IFG provides short-term financial resources including , , and to companies in the UK, Ireland, United States, Canada, Australia, New Zealand, and Singapore.
The latest SME Trends Index, by a leading financial services firm, Hilton Baird, shows that business owners are entering 2012 more apprehensive about the future than they were last April. Part of this concern has come from negative national media coverage.
Of the owners and finance directors surveyed for the report, only 31% said they were expecting their business to expand during the next six months, while 20% predicted their business would contract.
Other issues were cited as late payments, reduced orders and problems with accessing funding. What was particularly interesting for invoice finance funders was that the survey found that 50% of users (which is a combination of and ) expected their business to expand in the next six months.
Yet again this clearly demonstrates that by utilizing alternative cashflow solutions that offer increased flexibility and availability like various forms of businesses can set themselves up for growth.
Paul Barnsley, chief operating officer for The Interface Financial Group (IFG) said "The mindset of the owners has resulted in some of them opting to horde their cash rather than invest in their future". What we have seen as a provider of is that many owners have come round to looking at alternatives to traditional bank lending, and these owners are finding out that funders who can offer quick and easy access to cash through or really adds to their ability and gives them the confidence to expand, grow their business and seek out new orders.
Paul added "the belief amongst the SME community is that there is not enough money circulating, and that funders are not helping them. The reality is that there is ample cash available in the sector. My advice to those owners is to look further afield than the mainstream, talk to a specialist broker and consider all of the options available. This will give them the best chance of growth and more chance of safeguarding their long-term stability.
About The Interface Financial Group ()
The Interface Financial Group (IFG) provides short-term financial resources including (invoice discounting). IFG launched the UK operation in 2010 following the success of its New Zealand, and Australia businesses which launched in 2004, and 2006. 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 the UK, the United States, Canada, Ireland, Australia, 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 UK. The IFG team has substantial business experience and expertise in numerous diverse areas, including accounting, finance, law, marketing, banking, etc.
To view the photo accompanying this press release, please visit the following link:
Contacts:
Media Contact:
The Interface Financial Group
David Pearce, Director
0845 834 0332
Headquarters: The Interface Financial Group
31 The Old Wood Yard
Hall Drive
Hagley
Worcestershire
DY9 9LQ
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Datum: 12.01.2012 - 05:30 Uhr
Sprache: Deutsch
News-ID 1072276
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BIRMINGHAM, WEST MIDLANDS
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Kategorie:
Retail Banking
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