Edmonton Factoring Companies

Looking for the best factoring companies in Edmonton? Turn to Factoring Companies Canada. We can connect you with top factoring companies that understand the unique business landscape of Canada’s sixth-largest city, which is now home to over 34,000 businesses, per Alberta’s official site.

Explore this page for detailed information on factoring companies in Edmonton, check out our comprehensive Invoice Factoring Guide for a deeper understanding, or speed up your finance journey by requesting a factoring rate quote immediately.

Invoice Factoring Services in Edmonton

Invoice factoring services provide a unique solution to the working capital needs of businesses in Edmonton – a major urban research centre and the manufacturing, supply, and service hub for Northern Alberta’s massive oil sands and gas sectors. This service, also known as accounts receivable financing, ensures quick payment on your B2B invoices, thereby avoiding any debt or interest.

Invoice Factoring Services in Edmonton

How Accounts Receivable Financing Works

Receiving funds through accounts receivable financing is a straightforward process with an Edmonton factoring company:

  • Take care of your clients. Deliver goods or services in your usual fashion. 

  • Invoice. Send invoices like you usually do, and then send a copy to your factoring company. Some factoring companies offer invoice generation services, so they can take care of this for you.

  • Get paid right away. Your factoring company will advance up to 95 percent of the invoice’s value. Cash is usually sent via ACH, so it arrives directly in your bank account within about two business days. Some factors offer accelerated payments, including same-day options, too.

  • Move forward. Spend your advance however you like and focus on growing your business. Your factoring company waits for payment and follows up on the invoice as needed, so you don’t have to.

  • Receive final payment. You receive the remaining balance when your client pays. The factoring company retains a small amount as a factoring fee.

How Edmonton Businesses Use Factoring

Businesses across Edmonton leverage factoring services to reasonably tackle their financial challenges.

  • Payroll: Seamless payrolls, ensuring that employees are paid on time.

  • Team: Building a quality team through targeted recruitment and training.

  • Equipment: Upgrading or maintaining business-critical equipment. 

  • Vendors: Purchasing materials or inventory in a timely fashion. 

  • Regulatory Compliance: Handling legal requirements, such as licensing and insurance.

  • Growth: Implementing growth plans, like marketing, expansion, or accepting new work.

  • Emergencies: Quickly recovering from business-related emergencies. 

  • Cash Flow: Streamlining cash flow management.

Businesses and Industries That Leverage Invoice Factoring Services

Edmonton is recognized as a major urban research hub and the manufacturing, supply, and service center for Northern Alberta’s vital oil sands and gas sectors. Factoring Companies Canada serves a wide range of industries within this landscape as well as:

Additional Services Offered with Accounts Receivable Financing in Edmonton

Alternatives to Small Business Loans in Edmonton

Traditional small business loans may not always be the best fit for Edmonton businesses. Edmonton factoring companies offer alternatives to cater to the unique needs of the city’s diverse businesses.

Operating a Business in Edmonton

Cultivating a successful business in Edmonton hinges on making the right financial choices. With provincial corporate tax rates among the lowest in Canada and business-friendly policies, Edmonton is a city where entrepreneurial dreams can thrive.

Edmonton’s Business Economy

In Edmonton, the economy is robust and diverse. The city is a prominent player in Alberta’s oil sands and gas sectors and supports other key resource industries like agriculture and forestry. Businesses within these industries routinely utilize factoring services for swift access to working capital necessary for expansion and contract fulfilment.

Starting and Growing an Edmonton Business

Starting or growing a business in a city like Edmonton, renowned for its significant contribution to Northern Alberta’s oil sands, gas sectors, and other resource industries, presents its unique set of challenges. Cash flow management is a top concern, and invoice factoring offers a reliable solution. To learn more or get started, request a complimentary factoring rate quote.

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Factoring results estimation is based on the total dollar value of your invoices.
The actual rates may differ.

GET YOUR FREE FACTORING QUOTE!

Request a Quote

PREFER TO TALK?
You can reach us at
1-866-477-1778

Get an instant factoring estimate

Two columns
Vertical
Horizontal
Overview
Name Total
"{{getWooProductName}}" has been added to your cart
Have a promocode?
Promocode Hide Show

Factoring results estimation is based on the total dollar value of your invoices.
The actual rates may differ.

GET YOUR FREE FACTORING QUOTE!

PREFER TO TALK? You can reach us at 1-866-477-1778