Invoice Financing

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 work. How does factoring work? Most commercial sales are done on net-30 to net-60 day terms. However, many small businesses cannot afford to wait that long for payment. Instead, they need […]

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 that have cash flow problems because their clients pay their invoices in 30 – 60 days. It’s not that their clients are bad payers – far from it. It’s just that many customers demand net-30 to net-60 days payment terms […]

Small Business Factoring and Microfinancing For Small Companies

Getting the right type of financing for any business is difficult; finding financing for really small businesses (microbusinesses) with fewer than 4 or 5 employees is extremely difficult. Because microbusinesses have low revenues due to their size, most larger financial institutions are not too interested in offering them financing. Large institutional lenders prefer to focus […]

Financing for Companies with Few Assets and Little Collateral

Getting business financing has always been difficult, especially for small companies. Most lending institutions require substantial assets, from both companies and their owners, to be used as collateral. Although collateral is not the only requirement, it’s the hardest requirement to meet. Since most business owners have invested all their money into their companies, their business […]

How to Choose the Best Factoring Company

Selecting the best factoring company for your business can be daunting, and many business owners approach the process haphazardly: they search the Internet, pick the top four or five companies from the listings, and then seek proposals from all of them. In the end, this process consumes a lot of time and does not always […]

Advantages and Disadvantages of Invoice Factoring Financing

Factoring financing has been gaining popularity as a way to finance a growing business. If you are not familiar with this type of financing, you can learn about it in detail by reading, “What is factoring?” Factoring is essentially a financial tool that allows you to finance your slow-paying invoices from creditworthy customers. Using your invoices as collateral, the […]

How to Finance a Small Business With Factoring

Finding business financing is difficult for many small business owners. There really aren’t many sources of funding for small companies, outside of family members, friends, or perhaps some select private investors. However, most small businesses need financing at some point if they want to grow the company. Cash flow problems are common Most companies seek […]