Invoice Financing in Edmonton, Alberta
Get PAID on invoices NOW instead of waiting!
- Are you facing financial challenges?
- Selling to large corporates or government agencies that will not sign a factoring agreement?
- Needing funds for on-going business expenses?
We will put you at ease with your business expenses.
- Receive money within 24 to 48 hours from submitting invoice.
- NOT a loan, so no payments are made for money.
- Accounts receivable for invoices submitted are managed automatically.
- Easier to get funding than traditional banking systems.
- Approvals can be made within a day.
- Non-Notification (Confidential) Factoring available.
WHO IT WORKS FOR: Works for companies that are:
- Early stage start-ups that don’t yet qualify for traditional bank financing.
- Rapid growth organizations who need working capital.
- Organizations facing financial challenges.
- Oil & Gas
- Staffing Companies
- Wholesale & Distribution
- Transportation Industries
** Other B2B companies using invoices.
DO YOU QUALIFY?
- Companies located in Canada and USA.
- Monthly AR of $100k to $5 Million (smaller monthly AR maybe considered)
- Diverse customer base, with no more than 30% concentration with any one customer;
- Must be guaranteed sales – no consignments.
- Fee ranges from 1% to 3% per month, pro-rated daily
- Advances up to 85% of the invoice value.
- 1st Position security on invoices funded, can be behind other lenders on other assets.