Canadian Factoring Companies

Do what you do best. Complete work or deliver goods however you usually do.

Invoice your client. Send your client an invoice like you usually do, or if your factoring company offers invoice creation services and you’re using them, let them take care of it.

Get up to 95 percent of the invoice’s value right away. Factoring companies typically send cash via ACH, which hits your bank account within a couple of days. However, some also offer accelerated options, such as same-day payments, if you prefer.

Move forward. Your factoring company waits for payment and follows up as needed while you spend the cash however you wish.

Get final payment. You receive the remaining balance minus a small factoring fee when your client pays.

Most businesses are approved. Even if you don’t qualify for loans or have a newer business, you can still qualify for factoring. Approval is fast and usually occurs within a day or two.

Payment is instant. No more waiting weeks or months for clients to pay their invoices or loans to process. You get your cash right away with factoring.

It’s flexible. You don’t have to factor all your invoices or factor all the time, so you retain greater control.

It’s a no-debt business funding solution. Your advance is paid when your customer pays their invoice, so there’s nothing for your business to pay back.

Your business can grow stronger. Unencumbered by debt and relieved of tedious invoice chasing, your business is free to move forward and focus on what you do best.

Funding scales with you. Your potential payouts grow alongside your business.

Cover payroll. Fast payouts mean you can rely on your Canadian invoice factoring company to ensure your business makes payroll when conditions make it difficult.

Strengthen your team. Recruit and retain talented team members who can help your business succeed.

Address equipment needs. From purchasing to maintenance, factoring helps across the entire equipment lifespan.

Purchase materials or inventory. Stock up and be prepared for customer needs.

Comply with regulations. From licensing needs to permits and other legal requirements, factoring can provide you with the working capital required to stay compliant.

Grow. Accept more or larger orders, reach new markets, and invest in other growth initiatives to help your business reach the next level.

Address emergencies. Take care of unplanned expenses quickly and reduce stress, knowing you can tap into cash as needed.

Stabilize cash flow. Shifts in customer demand, slow payments, and economic changes can make predicting cash flow and budget difficult. Factoring brings back predictability. 

Customer credit checks. Know the creditworthiness of your clients before you extend credit through invoicing to make informed decisions.

Invoice prep. Save hours each week by letting your factoring company generate invoices for you.

Invoice collection services. Factoring companies collect invoice balances for you as part of the process so you can focus more on running and growing your business.

Industry-specific perks. Each industry and business can benefit from different services, which is why it’s so important to work with a factoring company that understands your trade and tailors its services to your needs. For instance, Companies specializing in freight factoring often provide their clients with access to a load board and discounts on essentials such as fuel and tires. Some provide fuel advances, too.

Alternative funding options. Factoring isn’t always the best solution, so many factoring companies also provide additional funding solutions to ensure the needs of their customers are met.

Factoring Line of Credit

Equipment Leasing and Financing

Commercial Credit Cards

Asset-Based Lending