Invoice Factoring Group to offer factoring in Canada
(For immediate release) Miami, Florida – Canadian companies that need business financing now have a new alternative. Invoice Factoring Group has begun offering factoring and invoice discounting services to companies in all provinces of Canada.
Companies that can’t afford to wait up to 60 days to get paid by their clients can now use Commercial Capital’s factoring services to get paid in as little as two business days. This puts the client in a much better financial standing and provides them with the liquidity to pay employees, rent and suppliers.
“Obtaining capital is one of the biggest problems that Canadian companies are facing”, said Marco Terry of Invoice Factoring Group. “Current banking institutions are not easy nor flexible to work with. Our factoring program helps Canadian businesses get ahead by streamlining their cash flow”, added Terry.
Invoice Factoring Group is offering services in Alberta, British Columbia, Manitoba, New Brunswick, Northwest Territory, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan, Quebec and Yukon.
Receivables factoring is an ideal product for companies that cannot wait up to 60 (or 90) days to get paid by their clients. It works through a very simple financing process by which the factoring company buys the invoices and pays immediate cash for them. This provides the client with the necessary funds to run their business, while the factoring company waits to get paid.
As opposed to a business loan or other bank products, receivables factoring is easy to obtain and can be set up in a matter of days.
Invoice Factoring Group is also offering its full suite of trade finance products, which includes purchase order finance, export financing and import export financing.