Factoring Canada - Affordable Rates - Ontario - Alberta - Quebec - Manitoba

Invoice Factoring and PO Financing in Canada

Is your company growing quickly? Can’t afford to wait up to 60 days to get paid by your customers? Factoring financing enables you turn your invoices into immediate cash, providing you with the funds you need to meet company expenses and grow.

We can provide your company with a competitive factoring or purchase order financing quote - today. We have offices in Toronto (Ontario) and can offer services in all Canadian provinces

Want an instant business financing quote? Please click here to get an online quote now! Questions? Call (866) 730 1922. Services in all provinces.

Factoring rates as low as 1.5%. Advances as high as 90%.
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(subject to monthly volume and industry).

Factoring solutions

Invoice Financing for General Business

Invoice discounting for small and medium sized companies such as manufacturers, commercial suppliers and service companies

Freight Bill Factoring for Transportation Companies

Freight bill financing for trucking and commercial transportation companies

Export Factoring Finance

Export factoring financing for small and medium sized export companies that sell goods and services to customers outside Canada

Construction Sub Contractor Factoring

Specialized factoring financing for Canadian construction subcontractors. We are one of the few firms in the nation that offers this service in most provinces (this service is not available in Quebec)

Invoice Factoring for Government Contractors

Specialized financing for companies that provide services and products to provincial and federal government agencies.

Invoice Factoring for Security Companies

Specialized factoring for companies that provide security guards to commercial, industrial and government sites

Invoice Factoring for Staffing Agencies

Specialized factoring for staffing and temporary employment in the business and medical services field

Trade financing solutions

Purchase Order Funding

Purchase order funding and purchase order financing for small and medium sized distributors, importers, trading companies and resellers

What is invoice factoring financing?

Trying to obtain business financing in Canada can be very challenging. This is especially true for new and small businesses that cannot meet the strict requirements that most institutions place on them.

Invoice factoring provides an alternative way to finance your company. It allows you to sell your invoices, which usually pay in 30 to 60 days, to a factoring company. In exchange for the invoice, the factoring company advances a payment. This provides you with the funds to pay critical business expenses, such as payroll and suppliers. At the same time, it provides predicable cash flow which better positions it for growth

What are the benefits of factoring?

Factoring, also known as invoice discounting, has been gaining a lot of traction in Canada because of its benefits. They include:

No more uncertainty regarding your cash flow. You will have predictable cash flow
Financing that is tied to your sales. It increases as your sales grow
Factoring financing lines can be established quickly
Factoring lines have simple qualification requirements

How does factoring work?

Using factoring is very simple. Here is how it works:

You deliver the goods/services to your Canadian or US client
You send a copy of the invoice to the factoring company
The factoring company advances you about 80% of your invoice, as a first installment. The advance amount varies based on your industry
Once your client pays, the factoring company rebate the second installment, less the factoring discount (fee)

Factoring is easy to obtain

As opposed to other types of financing, factoring is easy to obtain. Most companies with strong commercial or government customers can qualify easily. It’s also quick to set up, enabling you to get started quickly.

We offer our services all across Canada and can operate in all Canadian provinces. Services are offered in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, Quebec and Saskatchewan.

Need more information about factoring financing in Canada? You can go to our factoring resource center or read the following articles: