Factoring lets you finance your invoices and improve the company’s cash flow. It can provide you with funds to pay expenses and grow your business.
We offer competitive rates and high advances and work with most industries. Most accounts can be set up quickly.
Commercial Capital LLC has over 20 years of experience financing small companies. For more information or to get an instant quote, call us toll-free at (877)-300-3258. Services available in Canada and the USA.
Bottom line
Already know everything about factoring and just want to know the bottom line? Here it is:
- Low rates: As low as 1.35% per 30 days (for qualifying clients)
- High advances: 85% – 90%. Higher than 95% for some industries
- Short terms: Contract length can be adapted to your needs
- Flexible lines: Based on your actual needs
- Easy qualification: Simple requirements and paperwork
- Quick setup time: Setup in a short time
- Quick funding: Invoices typically quickly
The small print: Every client and situation is different. Your actual terms may vary depending on the details of your application.
How does invoice factoring work?
Factoring finances your open invoices from creditworthy customers who pay in less than 90 days. It accelerates your revenues and provides funds for essential expenses like payroll, suppliers, and rent.
The program is simple to use. We finance your invoices in two installments. The first installment is deposited to your bank account as soon as you submit the invoice and the invoice is verified. It covers around 85% of the invoice (varies by industry).
The second installment covers the remaining funds, less the financing fee. It is deposited into your account once your client pays the invoice in full on their usual date. To learn more, read “How Does Factoring Work?“
High advances
We can provide competitive proposals with high advances. Advances range from 80% to 95% and vary depending on your industry, your experience, and the credit profile of your clients.
Affordable costs
Factoring rates range from 1.35% to 3.50% per month. The rate is determined by the line size and the credit quality of the company paying the invoice.
Larger transactions with reliable account debtors usually qualify for lower costs and higher advances. If you’d like an instant cost estimate, fill out a factoring quote form or call toll-free at (877)-300-3258.
Benefits
Using a factoring line can benefit your company in several ways. A factoring line:
- Is available to small businesses that have no credit
- Provides funds quickly
- Improves your cash flow
- Is easier to get than business loans
- Allows you to offer net-30 to net-60 days to clients
- Can be set up quickly
Here is more information about the benefits of factoring invoices.
Easy qualification
Qualifying for factoring is fairly easy. The most important requirement is to have high-quality invoices that pay in less than 90 days. Additionally, your company should:
- Have invoices that are not encumbered by liens (PPSA or hypothèque)
- Be free of legal problems
- Be free of tax problems (or be willing to work out a plan)
Is invoice factoring right for you?
Invoice factoring is usually right for your business and can help you if you:
- Can’t afford to wait up to 60 days to get by paid by your clients
- Work with commercial or government clients
- Have high-quality clients
- Have reasonable profit margins
Get an instant quote
We can provide you with great factoring rates and low advances. For an instant online quote, fill out this form or call us toll-free at (877) 300 3258.
Need more information?
Are you looking for invoice factoring companies? We want to you to make an informed decision about working with us. You can learn more by visiting our factoring learning center. Here are some useful articles:
- What is Factoring? (Complete Financial Guide)
- Recourse vs. non-recourse factoring
- How quickly can factoring company fund my invoices?
- Why are Net-90 invoices not factorable?
Availability
We offer services in all provinces across Canada. For specific information, visit: