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).

Please Select a Financing Category:

	Invoice Financing for Services Companies Invoice discounting for small and medium sized service companies such as commercial suppliers, consultants and janitorial companies
	Freight Bill Factoring for Transportation Companies Freight bill financing for trucking and commercial transportation companies
	Purchase Order Funding                                       Purchase order funding and purchase order financing for small and medium sized distributors, importers, trading companies and resellers
	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 Factoring financing for Canadian construction subcontractors. We are one of the few firms in the nation that offers this service in all provinces except Quebec
	Invoice Factoring for Government Contractors                 Financing for companies that provide services and products to state and federal government agencies.
	Invoice Factoring for Security Companies  Factoring for companies that provide security guards to commercial, industrial and government sites
	Invoice Factoring for Staffing Agencies  Factoring for staffing and temporary employment in the business and medical services field

INSTANT FACTORING QUOTE please click here or Call (866) 730 1922

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:

• Financing Your Canadian Business (article)
• Financing your Canadian Trucking Company (article)
• Factoring and PO Financing program launched in Quebec (press release)

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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Last change 5/8/2008