(MENAFN- PRLog) LARCHMONT, N.Y. - March 16, 2023 - prlog -- Innervation Finance Group, Inc. Highlights the Importance of a Strong, Stable Financial System for Small and Medium-Sized Businesses
Larchmont, NY – March 17, 2023 – Innervation Finance Group, Inc. (IFG), a leading provider of innovative supply chain finance solutions, emphasizes the crucial role a stable financial system plays in supporting small and medium-sized businesses, particularly those owned by women and people of color. In light of recent developments in the banking industry, IFG commends the collaborative efforts of major banks to bolster the stability of the financial sector.
The joint action taken by 11 of the nation's largest banks to inject $30 billion into First Republic Bank serves as a testament to the resilience and solidarity of the financial services industry. IFG believes that these collective efforts reinforce the strength of the banking system, fostering confidence in the market and ensuring continued support for small and medium-sized enterprises (SMEs).
Mark J Ferguson, Chief Executive Officer of Innervation Finance Group, Inc., said, 'A strong and stable financial system is the backbone of our economy, enabling organizations like ours to deliver much-needed financing solutions to small and medium-sized businesses, especially those owned by women and people of color. We stand with our industry peers in the mission to create a more inclusive and robust financial environment.'
Innervation Finance Group, Inc. remains committed to providing its proprietary InnervationSCF® solution to help SMEs manage cash flow and mitigate supply chain risks. By offering flexible payment schedules, access to financing, and risk-mitigation tools, IFG empowers businesses to thrive, ensuring the sustainable growth of minority- and women-owned enterprises.
As the financial services industry continues to navigate challenges and maintain stability, Innervation Finance Group, Inc. is dedicated to working with industry partners to foster long-term success and champion the growth and development of small and medium-sized businesses.
About Innervation Finance Group, Inc.
Innervation Finance Group, Inc. is a leading provider of innovative supply chain finance solutions, focused on addressing the capital access challenges faced by small and medium-sized suppliers, particularly in the minority and women-owned business enterprise (MWBE) community. Their proprietary InnervationSCF® solution helps businesses manage cash flow, mitigate supply chain risks, and improve working capital. For more information, visit .
Innervation Finance Group | supply chain finance | small and medium-sized businesses | financial system | First Republic Bank | women-owned businesses | minority-owned businesses | SME financing | banking industry | InnervationSCF®
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Contact
Kirsten Meyer, CMO, Innervation Finance Group, Inc.
(212) 634-7175
***@innervationfinance.com
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