Confidence of SMEs Strong Despite Fears of Double-dip Recession

How Factoring (https://ifgnetwork.co.uk/) can Play its Part?

BIRMINGHAM, England, April 15, 2011 - 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 invoice discounting (ifgnetwork.co.uk/) or invoice
factoring (www.ifgnetwork.co.uk/invoicefactoring.php) to companies in
the UK, Ireland, United States, Canada, Australia, New Zealand, and
Singapore.

In a recent survey, 40% of small to medium sized enterprises (SMEs)
across the UK believe that a slip back into recession is inevitable this
year. The report from the Business Confidence Survey highlighted that along
with this statistic, another third also said they had lost out on revenue as
a result of cuts to the public sector. However, despite this most companies
remained optimistic about their own survival.

A staggering 98% of respondents said they were optimistic about the
survival of their own businesses.

This is the highest level of confidence that has been reported in the
three years the survey. The finding is particularly unusual in light of the
fact that one in five respondents said they expected government cuts to
impact on the number of people they could afford to employ this year.

When these figures are added to other constraints that SMEs are facing,
noticeably cash flow and availability of capital for growth, it is testimony
of the resilience of the SME community.

When asked how factoring (www.ifgnetwork.co.uk/debtorfactoring.php
) can play its part in helping the SME community, Paul Barnsley, chief
operating officer for The Interface Financial Group (IFG), said: "It is good
to hear how the owners of SME businesses feel confident about the survival of
their business, however they must also be careful and diligent in controlling
their overheads and cash flow in order to achieve this."

"For a SME to be successful and achieve growth during these difficult
times they must consider all avenues that will help them to grow, and one
which some SME's ignore is releasing cash tied up in invoices for work
completed. This is where factoring can play a major part & help
considerably."

Invoice Factoring, or Factoring (
www.ifgnetwork.co.uk/ABeginnersGuideToFactoring.php) as its more
commonly known, is a form of invoice finance used by businesses ranging from
SMEs to corporate multinationals. A business is advanced a percentage of
their outstanding sales invoices by the invoice finance lender and when the
customer pays the business' outstanding sales invoice, the funder takes back
the percentages advanced, plus any fees.

Factoring is particularly useful for helping small to medium sized
businesses manage cash flow.

About The Interface Financial Group (www.ifgnetwork.co.uk)

The Interface Financial Group (IFG) provides short-term financial
resources including invoice factoring (www.ifgnetwork.co.uk/about.php)
(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.

    Media Contact: David Pearce, Director

    T: +44(0)845-834-0332
    E:dpearce@interfacefinancial.com
    W: ifgnetwork.co.uk/
    Headquarters: The Interface Financial Group
    31 The Old Wood Yard
    Hall Drive
    Hagley
    Worcestershire
    DY9 9LQ

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