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Invoice Factoring

Waiting 30 to 60 days to get paid for your invoices can be challenging for small business owners. This delay can create cash flow problems that prevent you from running your business and paying expenses.

Invoice factoring solves this problem. Factoring finances your slow-paying invoices, providing you with funds to operate your business and grow.

We offer competitive rates and high advances. We work with most industries and can set up your account quickly. For more information, get an instant quote or call us toll-free at (877) 300 3258.

Benefits

The most important benefit of factoring invoices is an improved, more predictable cash flow. You will not need to wait up to 60 days to get paid by your customers. Other benefits include:

  • Flexible financing that grows as your sales grow
  • Easy qualification and availability to small businesses
  • Allows you to offer net 30 terms to clients with confidence

How does invoice factoring work?

The program is straightforward and can be used by most companies. Transactions are structured in two payment instalments, the advance and the rebate, using this format:

  1. You send us a copy of the invoice you want to finance
  2. We deposit the advance to your bank account. The advance is 80% – 90% of your invoice
  3. Your client pays the invoice on their normal schedule
  4. We rebate you the remaining 10% – 20%, less fees, and settle the transaction

For more detailed information, read “How Does Factoring Work?

Low rates

Costs are based on the amount of financing you need and the creditworthiness of your clients. Invoice factoring rates range from 1.5% to 4% per 30 days depending on these criteria.

We offer competitive rates and high advances. We work with most industries and can set up your account quickly. For more information, get an instant quote or call us toll-free at (877) 300 3258.

High advances

We offer high advances to qualified clients. Advances are based on industry, volume, and risk. Companies in transportation and staffing can usually qualify for initial advances as high as 90%. Advances for other industries range from 80% – 85%.

Qualification

Qualifying for our factoring program is easy. The program is available to companies of all sizes that meet these criteria:

  1. Have customers who pay invoices in up to 90 days
  2. Have good invoicing practices
  3. Don’t have liens encumbering their invoices
  4. Are free of major legal and tax problems

Additional resources

We are a leading invoice factoring company in Canada and would like an opportunity to earn your business. We have created an extensive library of articles in our resource centre and our blog. Popular articles include:

Availability

We offer services in all provinces across Canada. For specific information, please visit: