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Saskatchewan – Invoice Factoring and Supplier Financing

Do you have cash flow issues because your clients pay in 30 – 60 days? Factoring can help your company by financing slow-paying invoices. This financing gives you working capital to pay for critical business expenses, such as suppliers and payroll. Used correctly, factoring gives you the financial stability you need to grow your company.

Additionally, we also provide financing solutions for manufacturers and distributors that need to buy products from suppliers.  These solutions enable you to fulfill large purchase order and build inventory.

We are a leading factoring company in Saskatchewan. 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 at toll-free at (877) 300 3258 to speak with an expert.

Select a solution:

Invoice Factoring

Invoice Factoring

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

Transportation Program

Transportation Program

Freight factoring for transportation carriers and brokers in Saskatchewan. Financing helps pay for repairs, fuel, and driver expenses.

Supplier Credit Financing

Supplier Credit Financing

Specialized funding program that helps manufacturing companies and distributors that need to buy materials to build inventory and fulfill orders.

Purchase Order Financing

Purchase Order Financing

Funding for re-sellers and importers that need funds to cover supplier expenses.

How does our program work?

Our solutions work well with most businesses. Transactions are simple and follow this format:

  1. You submit an invoice after completing the work or delivering the product.
  2. We deposit the first instalment, for 80% of the invoice (this amount varies).
  3. After 30 – 60 days, your client pays.
  4. We deposit the remaining 20%, less our service fee.

High initial advances

On average, we provide an initial advance of 80% – 85%. Some industries, such as transportation and staffing, may qualify for higher advances.

Low Costs

Our costs range from 1.5% to 3.5% per 30 days. Costs vary based on industry, volume, and risk profile of the client. Get an instant quote or call us toll-free at (877) 300 3258 to speak with an expert.

Finance program advantages

Working with us can strengthen your company’s finances and position your company for growth. Advantages of working with us include:

  • Get immediate working capital to run and grow the business
  • Professional credit screening and monitoring of your customers
  • Flexible financing that is tied to – and grows with – your sales
  • We approve clients quickly and can fund a business in days

Do I qualify for factoring?

The most important requirement is to work with creditworthy customers. This requirement is important because their invoices are the collateral that backs the transaction.

Many small companies that can’t get bank financing can use our programs, as long as they have solid customers and meet our other funding prerequisites

What is purchase order financing?

Purchase order (PO) financing is a specialized form of funding that covers supplier expenses related to a specific PO. This solution enables your company to fulfill larger purchase orders than you normally could with your current level of capitalization. This advantage makes PO financing an ideal tool for growing re-sellers and wholesalers that re-sell third-party finished goods. Learn more about purchase order financing and its benefits.

What is supplier financing?

Supplier financing allows small and midsize companies to buy more products from suppliers. This trade credit solution allows companies to fulfill large orders and build inventory for expansion.

Supplier financing is designed to help manufacturing companies and product distributors.

Industry coverage

Saskatchewan’s key economic sectors include energy, forestry, life sciences, and manufacturing. Our receivables factoring programs can help companies in these industries, including:

Business resources

Are you looking for factoring companies in Saskatchewan? We would like to help you make an educated decision. We have an extensive article library and blog. Popular articles include:

  1. How to Finance Your Canadian Business
  2. How to Choose the Best Factoring Company
  3. Benefits of Factoring Invoices
  4. How to Finance Your Trucking Company
  5. How to Grow a Trucking Company
  6. What is Supplier Financing?

Service area

We can offer services across all cities of the province, including:

  1. Regina
  2. Sakatoon
  3. Prince Albert
  4. Moose Jaw

Location

Our mailing address is:

Commercial Capital LLC
8th St. E Bedford Square
Saskatoon, SK S7H  0W2