Who are we?

Founded 1972Roots in the Construction Industry

1

What is factoring?

Purchase/sale of invoice/progress billing

Speeds up cash flow

2

Standard Factoring vs Spot Factoring

Minimums vs No minimums

Set up fees vs No miscellaneous fees

Collection services vs No collection services

No subcontractors vs Subcontractors okay

3

In other words

IFG purchases individual invoices/progress billings on a use-it-as-you-need-it basis

IFG can finance just one transaction

4

What clients will IFG fund?

In business from as little as 6 months

Annual revenue from $250K to $100M

Not concentrated in 1 customer Invoices for funding are not

bonded

5

How does IFG do construction factoring?

With recourse to your company With personal guaranty of the

owner With notification to your

customer By ensuring that suppliers and

sub-subs are paid

6

How much will IFG advance?

Up to 80% of the face of the progress billing net of retention

Ensure that suppliers and sub-subs are paid (joint checks to client and suppliers)sub-subs

Maximum of a/r will be 60% No advances against mobilization,

final bill or retention

7

What does it cost?

It could be expensive but you can control your cost

Discount depends on % advance and days outstanding

It’s flexible And there are no other fees

8

How can the client control the cost?

Sell progress billings that will pay the soonest

Take multiple advances Buy it back

9

What happens when the invoice is paid?

Balance paid to client Wire transfer

10

How quickly can IFG fund a subcontractor?

As quickly as you respond to our process

Usually at least 3-4 days Getting your GC to sign

Notification of Sale is out of our control

11

What is the process?

One-page application Financial reports

Profit & Loss, Balance Sheet A/R and A/P Aging Reports

12

What is the process?

Progress Billing/Pay Application with Schedule of Values

Sub-Contract List of suppliers, sub-subs and

amounts owed

13

What is the process?

Set-up documents Terms & Conditions Personal Guaranty Special Power of

Attorney Transaction documents

Offer to Sell Notification of Sale

Site Visit Wire funds Purchase Order

14

Questions?

15