This business could not have achieved what it has without using the IFG business finance solution. Palmerston North based, they are contracted to the New Zealand Transport Agency to install safety barriers and repair slips on state highways. Although they had plenty of skills and experience in the field when they started the business, they were completely undercapitalised. Invoices were paid to them afer expenses were due to suppliers. IFG provided finance against these outstanding invoices. Over a year, the business grew by an additional $1.2million.
"We simply just could not have this work on withou the support of Interface. They have been able to move quickly when we have neede support. It has been a great association for us." LM - Company Director.
"Our small building company won a new contract and experienced rapid growth, putting strain on our cash flow. We needed short term business finance. Many finance companies/banks are wary of getting involved in the construction industry but David Gibbs and IFG were able to fund our debtors very quickly. This gave us the funds to successfully take on the contract. We have now won further contracts and continue to grow. It would have been difficult to achieve this without IFG's help. "
Vida Papas, Director
Mike Papas and Sons (Builders) Ltd
"We hit the wall with our overdraft early in Jan 09, much to our distress. "After an initial approach to our trading bank to find that we had maxed out their comfort level, they kindly recommended Laurie Lowther at Interface Financial Group. Laurie and his team were quickly able to assess the situation and provide funding via purchasing our invoices in a matter of 2 days. We see this as a good medium term solution until our process software is providing revenue and thank IFG for their valuable assistance". Mark, Director.
"Interface came in handy at a time when we were struggling with rapid growth. The service was easy to use and very responsive."
Mohan Ramakrishnan. Director, Fast Freight Transport Ltd - Wellington.
We have always found the service of IFG to be timely and reliable, especially as cash flow is an extremely important aspect of our clients' businesses. The IFG factoring product provides our clients with the ability to streamline cash flows, which would otherwise occur in a lumpy fashion, increasing the efficiency of their businesses and allowing them to focus on what they do best. Tim has been professional and thorough in all the requirements to complete a successful transaction.
Morrison Creed, Business and Property Investment Advisors, Chartered Accountants, Palmerston North www.morrisoncreed.co.nz
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"I'm very grateful for the help of Greg Collins at Interface Financial Group. We've become good friends and they sponsor our cricket team."
Luke Irving - Managing Director
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"The Interface Financial Group has been a crucial part of offering capital that has enabled quick and hassle free funding to complete export orders on time, which is the most important part of becoming an exporter. The success of my company can be linked directly to essential funding when needed by the IFG group."
AF -Director
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'Tim is easy to deal with and very professional. He provides an excellent service. He has been very helpful to two of my clients. IFG has kept these clients' businesses going.
If we need something urgently Tim always seems to come through and it's never any trouble.
My clients cash flow has improved immensely using IFG.'
Philip Flemming, Chartered Accountant, Taranaki. Armstrong Fleming, Tarankai Chartered Accountants
"As a fairly small company we have found it difficult to keep up with our financial commitments and achieve our growth targets. Fortunately this burden has been eased with assistance from the Interface Financial Group. We have a high percentage of our turnover contracted from one large customer. As a result, most other financial providers would not assist. Fortunately, this did not prevent Interface working with us. We have found working with Interface both friendly and professional."
WP - Director
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"We could not have started our business without the involvement of Interface. Our bankers would not lend because we were a new business start up and in fact recommended Interface. Our business has a high weekly wage requirement; our clients pay us monthly! The service start up was fast; the cash is there when we need it and the rebates are handled efficiently.
"Most notably, it has not been as expensive as we thought it might be, better and less restrictive in fact than an overdraft facility."
AC - Managing Director
"Since IFG have taken us on, our cash-flow and the running of our business has improved immensely. We also found Tim to be very honest and up-front, and helpful with the business."
Bruce Savage, Bruce's Electrical, Wanganui.
"We have been using IFG's services for only a short time but the service has proven to be invaluable in smoothing out our cash flow. The service is fast and friendly with Tim even collecting the invoices personally. We look forward to working and growing with IFG into the future."
Todd Baker Chief Executive
Medic One Services Ambulance Trust
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"Our business has a high labour cost component which makes it difficult to grow from our own cashflow. Using Interface has helped fund some significant new contracts and still meet our routine cost commitments - it's greatly assisted our financial position."
DG - Director
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