Invoice Financing

How to Finance a Canadian Business

Most commercial sales are done using trade credit. This means that the seller is expected to provide the buyer up to 60 days to pay an invoice. Most companies provide payment terms to their customers because clients demand it. You have little choice. Often, these provisions are inserted into contracts and you have to comply […]

How Does Factoring Work?

Factoring is a type of financing transaction that helps companies improve their cash flow. It finances slow-paying invoices, providing companies with working capital to operate the business more effectively. This article discusses how factoring works, how transactions are priced, and how factoring companies set up accounts. We cover: How does it work? The advance Pricing […]

What is Invoice Factoring?

Invoice factoring helps companies that need funds to pay expenses. It improves the company’s working capital by financing invoices from slow-paying customers. This article provides a detailed explanation of the solution and covers: What is factoring? What is the advance rate? How much does it cost? How are invoices verified? Recourse vs. non-recourse Qualification requirements […]

Types of Factoring Financing – Recourse and Non-Recourse

In general, Canadian factoring companies offer two different types of factoring: recourse and non-recourse factoring. This article helps you understand how each of these programs works. We cover: What is factoring? Recourse factoring Non-recourse factoring How are problem payments handled? Which one is better? 1. What is factoring? Factoring is a solution that allows companies […]

Industries That Use Factoring

Factoring has been gaining traction in Canada as a financing solution that can help companies with cash flow problems due to slow-paying clients. This solution is flexible enough that it can be used in most industries that serve commercial or government clients. To learn more about factoring, read “What is Factoring?” What type of businesses can […]

Factoring in Canada

Factoring is a form of business financing that has been gaining popularity in Canada. It helps companies with cash flow problems because their clients pay their invoices in 30 – 60 days. This article explains how factoring works and covers: What is factoring? The role of factoring What are the benefits? How much does it […]

Small Business Factoring and Microfinancing (Small Companies)

Most financial institutions don’t offer solutions to smaller companies because they don’t generate substantial fees. This situation leaves small businesses and self-employed individuals with few options. One financing option that works well with small companies is factoring. It’s a solution designed to help with cash flow problems due to slow-paying clients. This article covers: A […]

How to Choose the Best Factoring Company

Choosing the right factoring company is essential to the success of your business. The factoring market is very competitive, with many providers and different offers. In this article, we show you the best way to find a select the best factoring company for your business. Note: If your business is based in Quebec, please read […]

Advantages and Disadvantages of Invoice Factoring

Factoring financing has been gaining traction as a way to finance a growing business. It’s a solution that allows you to finance slow-paying invoices from creditworthy commercial clients. Accounts receivable factoring improves your cash flow and provides the financial resources to cover business expenses and grow. If you are not familiar with this type of […]