How Does It Work?
After your application is approved, the next step is to set-up your account. It takes us five business days or less to get your account up and running, and we only have to do it once. With an approved account in your company’s name, we can approve an invoice and advance you the funds in 24 hours. We become the foundation for your reliable cash flow and the way that your business grows and become successful.
If you are new to the idea of invoice financing, then you may feel like this sort of program is a short term solution that may a recurring problem. But stop and think about all of the advantages this kind of program would offer if it was made a permanent part of your business process. Each time you generate an bill to a client, you submit that invoice to Express Business Funding for approval and processing. At that point, all you need to do is wait for the cash to be advanced into your account, and that wait will be never be longer than the due date on the bill.
What is a valid invoice?
In order to use our services, a valid invoice is required. A valid invoice is an invoice issued by the Supplier of goods or services to the Buyer of those goods or services. To become “valid” the goods or services need to have been delivered to and accepted by the Buyer. In this case, your business would be the Supplier and your customer would be the Buyer. Unlike other Ontario accounts receivable factoring companies, we leave you the option to finance a bill. Once you have a valid invoice you decide what to factor and what not to. This flexibility is uncommon. More than just control of your invoices, Express Business Funding also does not tie clients down to long and obtrusive contracts / terms and conditions.