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Nova Scotia: Factoring Services

Are your customers taking up to 60 days to pay their invoices? Do you need to get paid sooner? This problem is common for small and growing companies who have to offer net-30 payment terms. You can improve your cash flow and solve this problem by factoring your invoices. Our solutions can help you if you:

  • Are unable to extend net-30 terms to customers
  • Need funds and have slow-paying invoices
  • Sell products or services to other companies

We are a leading factoring company in Nova Scotia and can provide you with a competitive proposal. Get an instant quote, or call us toll-free at (877) 300 3258 to speak with an expert.

Product selection:

Invoice Factoring

Invoice Factoring

Provides an advance for your slow-paying invoices from creditworthy customers. Works in most industries including business services, manufacturing, and consulting.

Freight Bill Factoring

Freight Bill Factoring

Ideal for Nova Scotia transportation companies and freight brokers. Our programs help you pay for driver and fuel expenses and position you for growth.

Asset Based Lending

Asset Based Lending

This solution helps growing businesses in Nova Scotia that need to improve their cash flow by financing accounts receivable, inventory, equipment and other assets.

Purchase Order Financing

Purchase Order Financing

Financing for resellers, wholesalers and importers. Our program ensures you have the necessary financing to pay your suppliers and deliver your orders.

Inventory Finance

Inventory Finance

An asset based financing solution that helps midsize wholesale and manufacturing companies that want to improve their cash flow by financing inventory. Offered as an add-on to other programs.

Staffing Companies

Staffing Companies

Specialized finance program that helps Nova Scotia-based staffing agencies that need financing to pay employees and other important corporate expenses.

How does invoice factoring work?

Factoring invoices is fairly easy and can work well with most companies. Invoices are usually financed in two instalments: the advance and the rebate. The advance is provided as soon as the work is completed and you invoice your customer. The rebate settles the transaction and is provided after your customer pays.

Transactions follow these steps:

  1. You submit the invoice for financing.
  2. We advance 80% to 90% of the invoice.
  3. Your customer pays, usually after 30 to 60 days.
  4. We rebate the remaining 10% to 20%, less fees.

Step #4 settles the transaction. You can finance as many invoices as you need, as long as they meet our qualification criteria. For more details about the factoring process, read “What is Factoring?

High advances and low rates

We can offer low rates to qualifying clients. Rates range from 1.5% to 3.5% per 30 days, based on the creditworthiness of your invoices and your financed volume. Advances range from 80% to 85% for most industries. Certain industries, such as transportation or staffing, can qualify for 90% advances.

Get an instant quote by filling out this form. Call us toll-free at (877) 300 3258 if you have questions.

How does purchase order financing work?

Purchase order (PO) financing provides you with working capital to pay suppliers for related purchase order expenses. Learn more about PO financing and it benefits.

Benefits

Our programs provide a number of benefits, including:

  • Fast payments
  • Growth capital – it grows with your business
  • Easy qualification process
  • Quick setup process

Industries

We can work in most industries where the invoice is paid by a commercial client with good credit. Industries we serve include:

  • Business services
  • Staffing
  • Transportation
  • Wholesalers
  • And more…

Have questions?

Are you evaluating factoring companies in Nova Scotia? Want to learn more? You can learn more about factoring and purchase order financing by reading the following articles:

Locations

We can provide in all cities across the province, including:

  1. Halifax
  2. Cape Breton – Sydney
  3. Truro

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