Canada: Factoring and Purchase Order Financing
Can’t afford to wait up to 60 days to get paid by your clients? Need to pay your suppliers, employees or rent? Factoring and purchase order financing are now easily easily accessible in Canada and can provide you with the working capital you need to meet your obligations and grow your business.
We have offices in Canada (Toronto) and can provide services to companies in all provinces. Our business financing programs are easy to qualify for and are available to startups and established companies.
We can offer factoring rates as low as 1.5% (based on industry, volume and location). Want to know if you qualify? Click here for an instant online quote.
Factoring and Purchase Order Financing Product Selection:
Invoice Discounting: Factoring financing (also known as invoice factoring) helps companies that cannot afford to wait up to 60 days to get paid by their customers. Learn more about invoice factoring.
Purchase Order Financing: Purchase order financing helps companies that have a purchase order from a large client, and need financing to pay their supplier costs. Learn more about purchase order financing.
Transportation Company Factoring: Freight factoring helps trucking companies and freight brokers that cannot afford to wait up to 90 days to get paid on their freight bills. Learn more about freight bill factoring.
Construction Factoring: Construction factoring helps companies in the building trade that cannot afford to wait to get paid by GC’s or clients Learn more about construction factoring. (limited availability in Canada)
Small Business Invoice Factoring: We offer a specialized factoring financing product to small businesses. Learn more about small business invoice factoring.
What are the benefits of factoring or discounting your invoices?
Factoring your invoices enhances your cash flow and allows you to better handle business expenses and take on new growth opportunities. The benefits of discounting invoices include:
- Provides you with reliable cash flow and eliminates slow payments
- Flexible funding, as your factoring line is tied to your sales. It’s the ideal tool for growth
- Invoice discounting is easy to obtain. Works well with startups and established companies
- Factoring financing lines can be setup in a few days
What are the benefits of purchase order funding?
Purchase order funding can help resellers and importers grow their businesses by providing the necessary working capital to pay suppliers and deliver large orders. The benefits of po financing include:
- Never worry about paying your suppliers. Purchase order finance can cover up to 100% of your supplier costs
- Your available financing is based on the size of your purchase orders. Purchase order financing is an ideal tool to handle large purchase orders
- Qualifying for po financing is relatively easy. The biggest requirement is that you have solid commercial or government customers
Will factoring or purchase order financing help you?
If would like to know a little bit more about our typical client and what we can do for you specifically, please go to the Will invoice factoring or po financing help me? section. It will help you determine if we are the right solution for you.
Have a question?
Do you have a question about factoring or purchase order financing? Need to speak to someone? Please call us toll free at (877) 300 3258 to speak to a specialist now. Or, do you want an instant online quote? Please fill out this form.