Toronto factoring

Invoice and receivables factoring accounts receivable financing and ledgered line of credit for companies in Toronto

1 (800) 317-4933

Receivables and invoice factoring accounts receivable financing and ledgered line of credit for Toronto based companies, the products are designed to help cash flow and eliminate the struggles associated with the collection of unpaid invoices. Below are some of the advantages and features:

THE FACTORING PROCESS IS A SIMPLE ONE

  • Complete the simple application process (via email)
  • Get approved (Documents are then signed)
  • You submit invoices (Invoices are verified)
  • Funds are deposited into your bank account

Below are a few of the other advantages:

  • Hassle-free application to funding process
  • Non-recourse factoring (we assume the risk for non-payment by any customer we are factoring for you)
  • Protection from bad debt with our non-resource option
  • Receivables line of credit option (more information below)
  • Factoring starts at $20,000 and as high as $35 million
  • Facilities tailored to fit the funding requirements of our client
  • Up to 95% advances (Staffing)
  • Up to 97% advances (trucking)
  • Up to 95% advances (freight brokers)
  • Up to 95% advances (other industries)
  • Very competitive and attractive rates
  • Flexible terms
  • Complete access to your account via our secured online portal
  • Perform free credit checks on new customers 24/7
  • Invoicing and collection services included
  • For trucking and transportation, fuel card for savings at the pump and added convenience
  • Free load board to help truckers have full loads on each trip
  • Funding for well-seasoned companies and startups
  • Plus other benefits

RECEIVABLES LINE OF CREDIT

Our receivables line of credit option is called a ledgered line of credit, which offers many of the advantages of a traditional bank line of credit except for the restrictions that can hinder a company's growth should a financial covenant is not met during a review of the latest financials or an audit. A ledgered line of credit has no such restrictions.

A ledgered line is ideal for companies that are considering a traditional line of credit or are presently with an asset based lending or bank line and would like to get away from the strict requirements but maintain the features of a traditional line and competitive pricing. And unlike a traditional line of credit, there are no audits or restrictive covenants with respect to ratios, concentration, etc.

HERE ARE THE OBVIOUS ADVANTAGES OF A LEDGERED LINE OF CREDIT

  • No audit requirements
  • No restrictive financial requirements
  • No restrictive covenants
  • No financial ratio requirements
  • No concentration restrictions
  • No long application to funding process
  • Plus other benefits

Businesses will work with a partner that services their state or province and a team that understands the funding needs of companies that are billing their customers on credit terms.  For more information, please submit this SHORT FORM. The office that handles your area will contact you shortly.



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