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 commercial or government customers? Factoring financing enables you turn your slow paying invoices into immediate cash. This provides 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 provinces.
Want an instant business financing quote? Please click here to get an online quote now! Questions? Call (866) 730 1922 now (Toll Free Canada).

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What is invoice factoring financing?
Trying to get bank financing in Canada can be very hard. This is especially true for new and small businesses that cannot meet the strict requirements than banks place on them. Invoice factoring provides an alternative way to finance your company. It is a financing option that allows you to sell your invoices to a factoring company, in exchange for an immediate payment. This provides you with the cash flow to pay critical business expenses (e.g. payroll, suppliers) while the factoring company waits to get paid by your clients.
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. These 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 in days
- Much easier to get an a bank business loan
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 and send an invoice
- We buy the invoice from you and provide you with the first installment payment. The first installment is usually anywhere between 70% and 90% of the invoice (the remainder is kept as a reverse)
- Once your client pays for the invoice, we rebate the second installment (the 10% to 30% reserve), less our fee
Factoring is easy to obtain!
As opposed to other types of financing such as bank loans, factoring is easy to obtain. Most companies will strong commercial or government customers can qualify easily. It’s also quick to set up. On average, we can provide funds in 3 to 5 business days.
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:
Want an instant business financing quote? Please click here to get an online quote now! Questions? Call (866) 730 1922 now (toll free - Canada).
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