Invoice factoring is one effective alternative to conventional loans that businesses can access in Newfoundland and Labrador. Other alternatives include:
Newfoundland and Labrador makes up about 1.5% of Canada’s economy, i.e. an annual GDP of about $34.2 billion. The total value of exports of goods and services from Newfoundland and Labrador, to international and inter-provincial destinations, increased by 17.3 percent. It is showing remarkable growth, with an increasing number of successful companies in the following sectors:
Browse our Factoring Guide to find more information on invoice factoring and choosing the best factoring solutions in Newfoundland for your business.