Hi, I am Phyllis Rector from the Interface Financial Group. I hope you liked the story in my last video to tell you a little about how we help business owners. This time I have actually requested my friend Wynn to come on and ask some of the inquiries that you probably have about the service that we provide.

We at Interface Financial Group pride on how quickly we're able to fund people and businesses. Our site even says funding in 24 hours. But realistically, this isn't the case: you have to send your financials, then we need to dig a little bit deeper to verify your financial standing. So in my own opinion, I would say that funding takes 48 hours - on the average. Sometimes, there are glitches that you need to deal with: the authorized signatory, for instance, isn't available. Therefore, that takes some time. And to be honest, when you're in construction, funding takes a bit longer since the industry has a more complicated process.

This is okay -you can sell only one invoice. Okay. We have no minimums, no maximums, no time commitments. We'd obviously want you to sell more invoices because you know we have the overhead of getting you set up but you can sell just one invoice.

Of course you can - and we strongly advice you to sell those that are going to pay more quickly as this allows you to minimize costs. But, you can select whatever invoices that you like to sell, the ones your cash flow needs most.

Well, how much we will advance on any one invoice is dependent on the industry that you're in. So, everything but construction, we shall advance 90% on any one invoice. We only advance 80% on invoices for construction since we know that in this industry, payment takes longer. But, you do not have to take a full 90% or 80% advance all at once.Bear in mind, however, that you do not have to take the full 80 or 90% advance at one setting. We can fund you partially - for instance 20% this week, 50% the next week and so one. We're flexible enough to address your every cash flow need.

Let's refer to the 90% advance as our case. At 90% advance on any one invoice and we buy up to 60% of your current outstanding invoices. This means that your invoices will be under a 30-to-45-day term and with this, you could gain about 55%. In construction, 80% advance on any one invoice and again, we would purchase up to 60% of your current outstanding invoices, current in construction means 60 days since we acknowledge that the construction contractors take longer to pay, that is simply the nature of the business. Now there's an exception to this. We cannot purchase 60% of your invoices if 90% of your enterprise is with one customer only - this is simply because there is no recourse here.

So, recourse. We're buying these invoices with recourse back to your company and we are going to require a personal guarantee as in the banks. So, if your client does not pay and this could be because a dispute arose on work that you have done you know after he signed on a notification of sale or you know heaven forbid, that it could be that he gets bankrupt, we need you to either pay off that invoice or substitute the invoice from a different customer. If majority of your business is with that client, then no other customer can be used as a substitute.

That's a good question and actually, I think when we actually talked on the phone and we had this discussion about cost, you actually chuckled when I said it is costly. Well, the quotation I mentioned was customized for your specific situation. I think the thing here to bear in mind though is, is that we have structured it to be very flexible and that's what I want to emphasize is that you do not have to take the full advance all at once. You forward to us invoices that your cash flow needs. You control how much factoring is going to cost you and the other thing to remember here is that you know what's the price of peace of mind learning that you can make payroll. What's the price of being able to take on new work and grow out of this downturn? There is no price tag for being able to deliver your end of the contract.

Hopefully, we have satisfied many of your inquiries. If you have more, kindly give me a call or send me an email and I will get back to you.