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 be factored?
In general, invoice factoring can be used by any business that sells products or services to another company. To qualify, the sale needs to be done on credit terms, usually net-30 to net-60 day terms.
Industries
The following are some of the industries that commonly use factoring:
Need more information?
We are a leading factoring company and can provide you with high advances at low rates. For information, get a quote or call us toll-free at (877) 300 3258.