Small Business Access to Funding -- A New Approach

The current economic situation is forcing the small business sector to rethink how and where they access funding to fuel their growth. An "alternative funding source" is a new approach to many, and The Interface Financial Group has been offering their brand of alternative funding for more than 35 years.

Irvine, CA (PRWEB) November 14, 2008 -- While addressing a group of new IFG franchisees at the company's training center in Irvine, California, David Banfield, President of The Interface Financial Group, spoke of a new era in terms of the way that small business accesses funds.

"Gone are the days of 'walking into the local bank and walking out with a credit facility'. Banks have been hit and hit hard by the credit problems stemming from the sub-prime mortgage crisis. This has led many of them to rethink their entire approach to business lending."

This is not the first time in recent years that banks have re-aligned their lending strategies to match market conditions. This time, however, the re-alignment is much farther-reaching in terms of the effect on the business community.

As is quite common in such situations, the business sector most affected is the small business sector. Companies that have been in business less than three or four years will now be finding it almost impossible to source working capital funding from their local bank.

Small business entrepreneurs will also have to dramatically rethink how and where they access capital to enable them to grow their business. This rethinking will undoubtedly draw small businesses to the secondary marketplace, a marketplace that has few players equipped and experienced to deal with the needs of emerging companies.

The good news is that there are companies with adequate resources to help those small businesses--it's just a case of finding them. Interface is just such a company. They have been servicing the needs of the small business community for over 35 years with an innovative invoice discounting program.

Interface delivers its unique service through a franchised network of over 100 offices located in over 30 states. With the demand for the funding service increasing dramatically, the demand to become an Interface franchisee has also increased. Banfield says that they welcome new franchisees and the continuing growth of the company is evidenced by 13 new IFG offices opening in Arizona, the Chicago area, Florida, Kansas, Minnesota, Missouri, Nevada, New Jersey, and Texas.

About The Interface Financial Group (www.interfacefinancial.com)

The Interface Financial Group (IFG) is North America's largest alternative funding source for small business. IFG provides short-term working capital funding in the form of a unique Invoice Discounting service. The company serves clients in the manufacturing, service, and construction sectors. Interface operates from a base of 140+ franchise offices in the United States, Canada, Australia, and New Zealand. IFG's innovative Invoice Discounting service is a fast and easy was to turn receivables into cash.

For more information:
Website: www.interfacefinancial.com
Toll-free: 800.387.0860
Email: dtb @ interfacefinancial.com
Fo

###