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Ontario: Factoring Services

Are your customers taking up to 60 days to pay invoices? Is this delay creating a cash flow problem? This problem is common for small and midsize companies who must offer payment terms to their clients.

Our programs help your company by financing its slow-paying invoices. Instead of waiting, you get immediate funds so you can pay important expenses – like suppliers and payroll.

We are a leading Ontario factoring company and have offices in Toronto. We offer competitive rates and high advances, work in most industries, and can set up your account quickly. Fill out this form for a quote, or call us toll-free at (877) 300 3258 to speak with an expert.

Please select a category:

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 Factoring

Freight Factoring

Ideal for Ontario transportation carriers 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 companies that need to improve their cash position 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 Financing

Inventory Financing

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 Ontario based staffing agencies that need financing to pay employees and other important corporate expenses.

How does factoring work?

Transactions are fairly simple and can be used by most businesses who invoice commercial customers. Most transactions follow this format:

  1. Deliver your product or service
  2. Send a copy of the invoice to us
  3. We deposit 80% to 90% of the invoice in your bank account
  4. After 30 to 60 days, your customer pays
  5. We deposit the remaining 10% to 20% in your account, less our fee

If you would like a more detailed explanation of a transaction, read “How Does Factoring Work?

Low costs

Factoring rates range from 1.5% to 3.5% per 30 days based on the credit of your customers, your industry and the amount of financing that you need. For an instant rate quote, fill out this form.

Client benefits

Using factoring has a number of benefits. The most important benefit is that your cash flow improves quickly because you no longer have to wait 30 to 60 days to get paid. However, that is not the only benefit. Other benefits include:

  • Flexible financing that grows with your revenues
  • Help in determining the credit of your clients
  • Invoice ledger monitoring
  • Quick approvals
  • Quick setup

Do you qualify?

Probably yes. We are more flexible than conventional institutions and our programs are relatively easy to qualify for. To qualify, you should:

  • Have good-paying commercial clients
  • Have good billing practices
  • Have invoices that are free of liens
  • Be free of  legal and tax problems

How does purchase order financing work?

We also offer purchase order (PO) financing. This solution provides you with working capital to pay the supplier costs associated with a specific purchase order. It’s available only to wholesalers and distributors who resell third-party finished goods. Our supplier financing enables you to process large purchase orders and take on new opportunities. Learn more about purchase order financing and how it works.

Industries

One advantage of Ontario is that the province has a diversified base of industries. Most of these industries work well with factoring. Common industries we work with include:

Additional resources

Are you evaluating factoring companies in Ontario? Need more information? We would like to help you make an educated and informed decision. You can find additional information about factoring and PO financing in our resource centre and in our blog.

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Locations

We can work with companies in any city, including:

  • Toronto
  • Mississauga
  • Ottawa – Gatineau
  • Hamilton
  • Kitchener
  • London
  • Brampton

Toronto office

Our mailing address is:

Commercial Capital LLC (Canada Headquarters)
1 Yonge Street, Suite 1801
Toronto ON M5E 1W7

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